This particular scheme discharges you from the burden of tax from Capital Gains. It offers two types of accounts- Savings and Term Deposits.

Features

• Nomination Facility available.
• Discharge of tax under the section 54(F)(4) of Income Tax Act 1961.

Terms and Condition

• Interest rates are as per Saving Deposits/Term Deposits.
• TDS is deducted on the interest payment as per the guidelines of the bank.