How can I book a tax saving Fixed Deposit

How can I book a tax saving Fixed Deposit

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To book Tax Saving Fixed Deposit please follow below steps:

1. On Mobile Banking

1) Go to Banking -> Fixed/Recurring Deposits
2) Open Fixed Deposit

2. On Net Banking

1) Go to Investment -> Deposits
2) Open A Fixed / Recurring Deposit

Please note for Tax Saving Fixed Deposit

1) No pre-mature withdrawal of principal or accrued interest is permitted under this scheme
2) Lien cannot be marked on the Fixed Deposit receipt issued under this scheme
3) For Tax Saving Fixed Deposit, minimum amount is Rs. 100/- and maximum amount is up to Rs. 1,50,000 and minimum tenure is 60 months and maximum up to 120 months (10 years).
4) Deposits booked under Premature Withdrawal Not Allowed option cannot be withdrawn before maturity.

Example: a) Tax Savings Fixed Deposit b) Applied Credit card against Fixed Deposit.

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