Tax Savings Fixed Deposits is applicable for Domestic/NRO (Not Applicable for NRE Fixed Deposits). The maximum aggregate amount that can be invested in the Tax Savings Fixed Deposits (80C FD) under a single PAN is INR 1,50,000 and the same cannot be closed prematurely before expiry of the lock-in period of 5 years.The Fixed Deposits rate applicable for a monthly interest option will be discounted rate over the applicable rate.Interest earned on the Fixed Deposits will be subject to applicable Tax Deducted at Source as per Income Tax laws.Deposit will be booked upon availability of clear funds with the bank at applicable interest rate as on the date of receipt of the funds by the bank. Interest rates are subject to change from time to time. For Fixed Deposits equal to and above INR 2 Crore please contact concerned branch staff.
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