NHB SUVRIDDHI (Tax Saving) Term Deposit Scheme: It is a tax saving deposit scheme for individuals & HUFs U/S 80 C of Income Tax Act. The minimum deposit in the scheme is Rs. 10,000 and thereafter in multiple of Rs. 10,000 with a fixed maturity of 60 months. Individuals & HUFs can invest maximum Rs. 1,00,000 in the scheme.
The below interest rates are effective from October 31, 2011
NHB SUVRIDDHI (Tax Saving) Term Deposit Scheme: | ||||
All Others | For Senior Citizens | |||
Duration of Deposit | Interest Rate (%) | Annualised Return (%) | Interest Rate (%) | Annualised Return (%) |
60 Months | 9.25 | 9.58 | 9.85 | 10.22 |
For more details download form below
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