The scheme intends to provide loans for purchase of new four wheeler vehicles only.


Tax Saver Deposits

General features of DOMESTIC DEPOSIT SCHEMES :

  • For Domestic Term Deposits, Tax Deduction at Source is applicable, if the interest income for the financial year exceeds 10,000/- for the customer, unless he/she produces PAN card and Tax exemption certificate/ Form 15G/H.
  • Nomination is require_onced for all accounts.

Gramin Tax Saver Deposit (Term Deposit Account)

  • Benefits of Section 80 C of the I.T Act 1961 extended to this deposit
  • Investment upto Rs.1.50 Lakh deductible from Income under Section 80C of the I.T. Act 1961
  • Scheme available to individuals/firms/Institutions
  • Fixed period of 5 years. No before maturity closure.
  • No loans against the pledge of deposit
  • Not accepted as security/collateral security to any loan.

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Financial support to the farmers for meeting the short term needs in crop production.