Link your Term Deposit to your current / savings account and enjoy instant liquidity, 24X7. You can withdraw your fixed deposit using your cheque book, debit card or internet banking.
Avail 85% overdraft against your fixed deposit at an interest rate of 2% above your fixed deposit rate.
|Sr. No||Particulars||Regular (Rs.)||Sr Citizen (Rs.)|
|A||Tax Saving Term Deposit amount||10,000||10,000|
|B||Immediate Tax saving (Tax-30.90%)||3,090||3,090|
|C||Effective investment (A-B)||6,910||6,910|
|D||Maturity amount after 5 Yrs||15,227||15,605|
|E||Total Pre Tax Benefit (D-C)||8,317||8,695|
|F||Rate of interest||8.50%||9.00%|
|G||Effective Annualized Yield (5 Yrs)||16.63%||17.39%|