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Old November 2nd, 2017, 11:07 AM
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Join Date: May 2011
Default Re: National Housing Bank Fixed Deposit

On your reference I will let you know more about National Housing Bank, SUNIDHI Term Fixed Deposit Scheme so that you can go through it easily.

Interest Rate: (P.A) W.E.F. 05/12/2016
Duration of Deposit Interest Rate (%) Annualised Return (%)
12 Months 6.75 6.92
24 Months 6.75 6.92
36 Months 7.00 7.19
60 Months 7.00 7.19

For Senior Citizens: Additional rate of 0.60% (p.a)
Duration of Deposit Interest Rate (%) Annualised Return (%)
12 Months 7.35 7.56
24 Months 7.35 7.56
36 Months 7.60 7.82
60 Months 7.60 7.82

Deposit Amount:
Minimum of Rs. 50,000 and higher in multiples of Rs. 10,000/-.

Scheme for
Individuals / HUF / Societies / Trusts / Partnership Firms /Association of Persons

TDS on interest:
Deduction of Income-tax at source from interest payments will be governed by the provisions of the Income Tax Act, 1961, as in force from time to time, and the rules frame there under.

As per the present provisions U/S 194A of the Income Tax Act, 1961, interest upto Rs. 5000/- in a financial year is exempt from deduction of tax at source.

Address:-
National Housing Bank
Core 5-A, India Habitat Centre, Lodhi Road, New Delhi-110003

Phone:-
011-2464 9031-35
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