Tax Saver Deposit | Kerala Gramin Bank

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Tax Saver Deposits

Grameena Tax Saver Deposits - Reap the dual benefits of tax savings and higher earnings.
Concerned that taxes are eating away your savings? Grameena Tax Saver Deposit is the solution. A tax savings scheme that offers very attractive returns as well.

Features & Benefits

Tenure of deposit - 5 Years.
Investment upto Rs.1,50,000/- can be made deductible from Income u/s 80C of the I.T. Act 1961.
Nomination facility is available.
Not accepted as security/collateral security for granting loan facilities.
pre-mature closure is not allowed.
TDS applicable as per the extant IT guidelines.

Who can Open?

Individuals/Firms/Institutions can avail the benefits.

How to Open?

Grameena Tax Saver deposits can be opened by visiting your KGB branch.

Interest Rates & Charges

For Deposit interest rates Click here
For Service charges and fees Click here