Bharat Deposit Tax Benefit
Save taxes & also get high FD interest on your savings.

What is the difference between Tax-saver Bank FD & Regular FD? The money invested in a tax-saver bank FD is eligible for a deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act, 1961 and subject to a lock-in period of 5 years. You can book a 5-year tax saver FD with a minimum amount of Rs 100 and in multiples thereof subject to a maximum of Rs 1.5 lakh. Thus while regular FD provides a good interest rate, Tax Saving FD provides a much higher effective interest rate considering the tax savings.

Bharat Tax Deposit

Fixed tenure of 5 years.
Tax FD cannot be encashed before the expiry of five years from the FD date.
Interest accrued on Fixed Deposit will be paid at quarterly rests at the end of March, June, September & December or at the maturity. If desired by the depositor, the Bank may pay interest on a monthly basis at discount. Alternatively interest accrued on deposits will be ploughed back into the principal (compounded) at quarterly rest and paid on maturity.
The facility of deduction from income under Section 80C of the Income Tax Act, 1961 shall be available only to the first named holder of the deposit.

This fixed deposit will not be auto renewed on maturity.


Bharat Tax FDs qualify for tax rebate under section 80C of the Income Tax Act subject to the overall ceiling of Rs.1,50,000/- (Rupees one lakh fifty thousand only). This scheme is in line with the provisions of the Bank Term Deposit Scheme, 2006.