Invest in this scheme of this bank from government to private, you will get many benefits along with tax savings

In this, after 5 years of investment, you get a lump sum amount as savings on completion of maturity.

This FD is for 5 years.

If you are tax saving (Tax Savings) If you are looking for investment then you have a good chance. from government to private IDBI Bank ,IDBI Bank) of special fixed deposits (Fixed Deposit) can invest in the scheme. In this, you will get a lot of benefits along with better returns. IDBI Bank Facility Tax Saving Fixed Deposit (Suvidha Tax Saving Fixed Deposit) get the benefit of tax. In this scheme, you have to get FD for 5 years. This means that you cannot withdraw money ahead of time. You can invest up to Rs 1.50 lakh in this FD for 5 years. You can claim a deduction of up to Rs 1.50 lakh per annum by investing in a tax saving fixed deposit account.

According to the IDBI Bank website, IDBI Bank Tax-Saving Fixed Deposit which offers dual benefit of tax exemption under Section 80C of the Income Tax Act and higher returns on your investment.

Who can invest?

According to the official website of IDBI Bank, Suvidha Tax Saving Fixed Deposit You can invest up to Rs 1.50 lakh in 5 years. Any individual or Hindu Undivided Family (HUF) can invest in Suvidha Tax Saving Fixed Deposit Scheme. In this, after 5 years of investment, you get a lump sum amount as savings on completion of maturity.

HOW TO APPLY?

Investing in IDBI Bank Suvidha Tax Saving Fixed Deposit Scheme is very easy. You can invest in Suvidha Tax Saving Fixed Deposit in three easy steps. First- If you want, you can call IDBI Bank’s phone banking toll free number 1800-209-4324, 1800-22-1070. Second- You can invest in it by visiting your nearest IDBI Bank branch. Third- After contacting the toll free number, you can get calls from the bank. Bank representatives can contact you to help you get fixed deposits.

You will get these benefits

You will get many benefits in IDBI Bank Suvidha Tax Saving Fixed Deposit. You can take home loan, personal loan, education loan and loan against securities with minimal paperwork.

how much interest will you get

IDBI Bank’s Convenience Tax Saving Fixed Deposit Scheme The interest rate of 5 years FD is 5.50 percent. At the same time, senior citizens will get 0.50 percent more i.e. 6 percent interest in this scheme.

Let us tell you that LIC is the owner of IDBI Bank. In June 2018, the insurance regulator had bought a 51 per cent stake in the debt-ridden IDBI Bank to LIC.

Also read- Indian Railways: After June 30, you will be able to travel in 256 trains with general tickets, see the complete list of trains

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