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Samruddhi Tax Saving Deposit

This deposit scheme is mainly introduced for tax saving purpose of the depositor.  The depositor can get 100% tax benefit sec. 80 C of the Income Tax Act on their deposits.    The period of the Samruddhi Tax Saving Deposit is for 5 years and the depositor is neither authorized to take advance against this type of deposit nor he/she could premature closed the said deposit receipt i.e. one should invest under Samruddhi Tax Saving Deposit scheme for 5 years only.  The depositor if required, should get monthly / quarterly interest on the said deposit receipt.

 
 

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