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Personal Tax-Saver

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CUB offers tax saver deposits

  • Resident individual-single and joint accounts and also HUF
  • Save Tax under Sec 80C of the Income Tax Act
  • Tax Saver Silver - Accept deposits from Rs. 100/- ; Tax Saver Gold - Accept deposits from Rs. 1000/-
  • Maximum not exceeding Rs. 1,50,000/- for a financial year in both the schemes
  • Tenor - 5 years (lock in)
  • Loan facility is not available
  • Preclosure is not available
  • In case of Tax Saver Silver Deposit simple interest is paid monthly / quarterly
  • In case of Tax Saver Gold Deposit cumulative interest is paid on maturity
  • TDS at prevalent Income tax rate is deducted if Form 15G / 15H is not submitted
  • Nomination facility is available
  • Click here for Interest rate
  • Documents required
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