CentMP Tax Savings Scheme: (Tax benefits under Sec 80 C of IT Act,1961 )

 

Amount of deposit
Min Amount:Rs.1000 Max Amount:Rs.1 Lakh
Period of deposit
5 years
Rate of Interest
The rate prevailing on the date of deposit is applicable .Please click the Deposit Interest Rates link for prevailing rates
Additional Interest
(1)Senior Citizens who are above 60 years of age are eligible for additional interest @ 0.50 % 
Compounding of Interest
Quarterly
Premature Payment
Not permitted
Loan/Overdraft
Loan /Overdraft against deposit is Not available

•Terms and conditions applicable 

•Please contact nearest branch for details 

•Bank reserves the right to withdraw this special deposit scheme at any time and stop accepting new deposits under the scheme