|
|
Term deposit eligible for exemption under Sec 80 C of the Income Tax |
|
|
Deposit in the form of term deposit earning Monthly/quarterly interest or
quarterly compounded interest (reinvestment deposit) as Akshaya Deposit |
|
|
Nomination facility is available. |
|
|
Auto renewal facility on maturity available. |
|
|
Deposit as low as Rs.5000/- Deposits of upto Rs.1.00 lakh in a financial year
will be eligible for 80 C exemption. |
|
|
No premature closure is permitted before the expiry of 5 years from the date of
deposit |