Jankar Bachat Thev Yojana

    
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Janakar-Bachat 
 
Our Bank is having scheme titled JANKAR BACHAT THEV YOJANA (JKTY), wherein deposits placed under the scheme shall be eligible for deduction under section 80C of the Income Tax Act, 1961.We are having following schems-
  • Jankar Bachat Thev Yojana - Monthly Interest - Under this scheme monthly interest at
          discounted rate is credited to customer account.
  • Jankar Bachat Thev Yojana - Quarterly Interest - Under this scheme quarterly interest
          is credited to customer account.
  • Jankar Bachat Thev Yojana - Cumulative - Interest is compounded quarterly and
          payable on maturity of the receipt.
 
 
Features


  • The Deposit should be kept for a period 5 years.
  • The minimum amount of deposit is Rs.1,000/- and in multiple of Rs.100/-with maximum
          of Rs.1,00,000/- in a financial year.
  • No premature withdrawal of the deposit shall be permitted.
  • No loan can be availed against the deposit.
  • Interest earned on the deposit shall be subject to TDS.
  • Nomination facility is available.
 
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