The deposit is accepted for a fixed tenure chosen by the Depositor with above period of 13 months and maximum 60 months.- Minimum deposit amount is RS 500/-and no maximum ceiling.
- Under the scheme periodical interest is compounded quarterly and a lump sum amount is paid with accrued interest on maturity.
- TDS as per the Income Tax Act, will be deducted if the amount of interest in a financial year exceeds RS10000/-.
- If you do not wish to pay TDS by deduction at source you will have to submit Form 15-G/15-H along with PAN card every financial year.
Dhanavardhini Deposit
