SGB Tax Saver Scheme


Eligibility

  • New/Existing account with SGB

Interest Rate

Please refer to Deposit Interest Rates Page

Salient Features

  • In order to cater needs of depositors who wants to avail tax benefit under section 80C of Income Tax Act, this scheme launched
  • Our Bank Tax Saver scheme has dual benefits of tax savings and higher returns.
  • Available in FDR / RIP schemes
  • Nomination facility is available
  • No loan / foreclosure allowed upto 5 years (Lock in period)

Term

  • Minimum : 5 Years
  • Maximum : 10 Years

Min/Max Amount

  • Minimum Amount : 5000
  • Maximum Amount : 150000 (Limit -as per Sec 80C of Income Tax Act,1961)

How to open an account ?

  • Please visit your nearest branch, duly fill and submit the opening form and required KYC documents (Officially Valid Documents)
Designed by Yaswanth Gupta Bondada