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Senior Citizen

Features

  • Higher rate of interest is paid to Senior Citizens for all categories of deposits.

Eligibility

Nationality Indian

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Interest Rate

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TDS

TDS will be deducted as per applicable Income Tax rule. At per the prevailing rule, TDS will be deducted if the aggregate of interest exceeds Rs.40,000 unless Form 15G/ Form 15 H is submitted at the beginning of each financial year.