TAX SAVING SCHEME ON BANK DEPOSITS

TAX SAVING SCHEME ON "BANK DEPOSITS " • A term Deposit to be opened with a scheduled Bank in the prescribed form. • Mi Investment Rs. 100/-Max. 1 Lakh. • The Term will be 5 Years. • Premature encashment not permitted. • Income-tax benefit amount of term deposit invested along with PPF/LIC/ NSC/ULIP, etc upto a max. of Rs.1.5 Lakh eligible for deduction u/s 80C. • interest earned on the deposit is taxable.