Bank of India Star Sunidhi Tax-Saving Deposit Scheme

Star Sunidhi Tax-Saving Deposit Scheme offered by Bank of India can be availed by every eligible citizen of India along with the Hindu Undivided families (HUFs). Star Sunidhi Tax-Saving Deposit Scheme comes with income tax benefits following the long term tenure. 

Bank of India Star Sunidhi Tax-Saving Deposit Scheme Eligibility Criteria:

  1. Minimum deposit of Rs.10,000/- is required.
  2. HUFs and individuals having Permanent Account Number.
  3. Nomination allowed.

Bank of India Star Sunidhi Tax-Saving Deposit Scheme Features:

Account Type

Single and joint

Amount

Min: Rs.10,000 per annum

Max: Rs.1,50,000 per annum

Rate of Interest

Min: 4%

Max: 7.50%

Period

Minimum of Five years

Maximum of up to ten years

Type

QIC/FDR/DBD/MIC

Loan against Bank of India

Star Sunidhi Tax-Saving Deposit Scheme

Loan facility available for Bank of India Star Sunidhi Tax-Saving Deposit Scheme

Nomination (if any)

Available

Tax exemptions

Tax exemptions under section 80C of the Income Tax Act

Bank of India Star Sunidhi Tax-Saving Deposit Scheme Interest Rates

One Week to Two Weeks

4.00%

15 Days to One Month

4.50%

31 Days to 45 Days

4.50%

46 Days to Three Months

6.50%

91 Days to Four Months

7.00%

121 days to 179 days

7.00%

Six Months to 269 Days

7.25%

Nine Months to less than 365 Days

7.50%

365 Days & above to less than 730 Days

7.50%

730 Days & above to less than Three Years

7.50%

Three Years & above to less than Five Years

7.50%

Five Years & above to less than Eight Years

7.25%

Eight Years & above to 120 Months

7.25

Kindly Note: The mentioned rates of interest are subject to change according to the bank’s liquidity requirements and market conditions.

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