{"id":780,"date":"2011-09-29T05:01:08","date_gmt":"2011-09-28T23:31:08","guid":{"rendered":"http:\/\/www.apnaplan.com\/?p=780"},"modified":"2015-02-09T15:21:42","modified_gmt":"2015-02-09T15:21:42","slug":"national-housing-bank-nhb-tax-saving-term-deposit-scheme","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/national-housing-bank-nhb-tax-saving-term-deposit-scheme\/","title":{"rendered":"National Housing Bank (NHB) Tax Saving Term Deposit Scheme"},"content":{"rendered":"

\"NHB_tax_<\/a>National Housing Bank (NHB) is a statutory organization that was established on July 9, 1988. It is the apex level financial institution for the housing sector in the country and a wholly owned subsidiary of the Reserve Bank of India.<\/p>\n

NHB SUVRIDDHI (Tax Saving) Term Deposit Scheme:<\/strong> 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.<\/p>\n

The below interest rates are effective from October 31, 2011<\/strong><\/p>\n\n\n\n\n\n\n
NHB SUVRIDDHI (Tax Saving) Term Deposit Scheme:<\/strong><\/td>\n<\/tr>\n
<\/td>\n\u00a0All Others<\/strong><\/td>\n\u00a0For Senior Citizens<\/strong><\/td>\n<\/tr>\n
Duration of Deposit<\/strong><\/td>\nInterest Rate (%)<\/strong><\/td>\nAnnualised Return (%)<\/strong><\/td>\nInterest Rate (%)<\/strong><\/td>\nAnnualised Return (%)<\/strong><\/td>\n<\/tr>\n
60 Months<\/td>\n9.25<\/td>\n9.58<\/td>\n9.85<\/td>\n10.22<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n