An Individual or A Hindu Undivided Family ( Only IT Assessees with PAN)
Deposit amount should not exceed Rs. 1.50 lac in a year
Lock in period is 05 years
The deduction from income under Section 80C of the Act is available
Rate of Interest under ' AB TAX SAVER ' Deposit Scheme is the same as that of Domestic Term Deposit.
Maturity Period |
Amount of Deposit |
|
5 Years |
Up to and inclusive Rs.1.50 Lac |
6.50 % per annum |
Please contact your nearest Andhra Bank Branch for other details, lock in period, tax benefits available under this scheme etc., |