Business - Briefly   

IDBI launches tax-saving fixed deposit

CHENNAI: IDBI is launching a five year IDBI Suvidha Tax Saving Fixed Deposit with effect from August 4. The rate of interest on the five year deposit is 8.5 per cent. For senior citizens, the rate of interest would be higher at 9 per cent. Under the scheme, an individual or a Hindu Undivided Family can invest upto a maximum of Rs. 1 lakh. On a pre-tax basis, the return on the deposit works out to over 12 per cent.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Board nod `must' for PSBs raising interest rates
Roland Junck named Arcelor Mittal CEO
SABMiller to acquire Foster's India assets
Legal outsourcing firm gets funding
Cos. need to e-file papers
Collaboration crucial in "today's flat world"
Panel to study use of technical textiles
Principal Pnb MF AUM up 18 p.c.
Birla Sun Life infuses Rs. 30 cr.
Rupee rules steady
Early rally not sustained on BSE
Exchange rates
Bullion rates
Deora rules out subsidy to Reliance
Deadline for wheat import extended
Inflation rate climbs to 4.67 p.c.
IBM acquires Indian American-owned IT firm
Punjab Tractors moves CLB over Swaraj Mazda
1:1 bonus from Vishnu Sugar Mills
ResMed launches India operations
IDBI launches tax-saving fixed deposit
Sunil Hi-Tech bags contract from Tata Projects
Bank of India in pact with UTI Mutual Fund
Oriental Bank of Commerce hikes deposit rates
ISO 9001:2000 for SRM Learning Tree
New President and VP for EFSI

Copyright © 2006, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu