|Bank of India Star Sunidhi Tax Saving Deposit Scheme|
|Minimum Deposit Amount||Rs. 10,000 per annum|
|Tenure||5 years to 10 years|
Bank of India Star Sunidhi Tax Saving Deposit Scheme helps you manage your investment better. It allows you to plan your finances and save taxes. It has several facilities such as nomination, minimum deposit amount (Rs. 10,000), flexible tenure, single and joint application, and a lot more. The interest rate is as per that of the bank’s domestic term deposits. This fixed deposit (FD) scheme is available for individuals and Hindu Undivided Families who have PAN numbers.
In this post, we will discuss Bank of India (BOI) Star Sunidhi Tax Saving Fixed Deposit features, eligibility, interest rate, tenure, type of deposit, loan facility, tax benefits, premature withdrawal, other terms and conditions, and frequently asked questions.
Here are the features of this BOI fixed deposit:
|Account Type||Single and joint|
Min: Rs.10,000 per annum
Max: Rs.1,50,000 per annum
Minimum of 5years
Maximum of up to 10 years
|Loan against Bank of India Star Sunidhi Tax-Saving Deposit Scheme||A loan facility is available after the completion of 5 years of the deposit|
|Nomination (if any)||Available|
|Tax Exemptions||Tax exemptions under Section 80C of the Income Tax Act, 1961|
Here are the details of the interest rate of BOI Star Sunidhi FD:
Here are more details:
Here are the terms and conditions:
Here are the Features of BOI Star Sunidhi Tax Saving Deposit Scheme FAQs:
Bank of India Star Sunidhi Tax Saving FD is for long-term investment. Here, you can save taxes on amounts up to Rs. 1,50,000 every year.
No, the bank has this scheme open for an eligible individual in every branch. You can also take benefit of the nomination facility.
You can keep the FD account for at least 5 years and up to 10 years, maximum.
There is no loan on the FD for 5 years from the date of opening the fixed deposit account.
Yes, you can make a premature withdrawal only after the completion of 5 years from the date of deposit. It will come with an applicable penalty though. Terms and conditions for premature withdrawals have been discussed in this post in the above pointers.