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Smart Saving Meets Tax Efficiency

Secure guaranteed returns and a cleaner tax bill.

The Bharat Tax Benefit Deposit is a specialised fixed-term investment that offers the dual advantage of high-yield returns and tax exemptions. Specifically curated for individual taxpayers and HUFs, this deposit allows you to claim deductions under Section 80C of the Income Tax Act. With a mandatory lock-in period that ensures disciplined growth, it is the perfect vehicle for those looking to build a secure future while optimising their current tax outgo.

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  • Section 80C Benefits: Deduct your investment amount from your total taxable income (up to ā‚¹1.5 Lakh per annum).

  • Fixed Tenure: A mandatory 5-year lock-in period as per government regulations to ensure tax eligibility.

  • Flexible Payouts:Ā Choose between cumulative interest (re-investment) or periodic interest payouts to suit your cash flow.

  • Competitive Returns:Ā Earn interest rates on par with our long-term Fixed Deposits.

  • Joint Holding:Ā Available for joint accounts, with the tax benefit applicable to the first-named account holder.

  • Nomination Facility:Ā Easy nomination process to ensure your loved ones are protected.

  • Resident Individuals (Singly or Jointly).

  • Hindu Undivided Families (HUF) having a PAN card.

  • Note: This product is not available for Companies, Firms, Societies, or Trusts.

  • One latest passport-size photograph.

  • Any one of - Aadhaar Card, Voterā€™s ID, Driving License, Passport, Job Card issued under MGNREGA or the new Viksit Bharat-G RAM G Act, Letter issued by the National Population Registrar.

  • PAN Card (Mandatory): Necessary for mapping tax benefits and TDS compliance.

  1. What is the maximum amount I can invest?
    While you can invest more, the tax deduction under Section 80C is capped at ā‚¹1.5 Lakh per financial year.

  2. Can I withdraw the money before 5 years?
    No, as per Income Tax rules, premature withdrawal or loans against this specific deposit are not permitted during the 5-year lock-in.

  3. Is the interest earned tax-free?
    No, while the principal investment is deductible, the interest earned is taxable, and TDS will be applied as per your tax slab.

  4. Who gets the tax benefit in a joint account?
    The tax deduction is only available to the first holder of the account.

  5. Can I pledge this deposit for a loan?
    No, the Bharat Tax Benefit Deposit cannot be pledged as security for any loan or facility    .

  • Minimum Deposit: ā‚¹500 and in multiples thereof.

  • Maximum Deposit: Up to ā‚¹1.5 Lakh per year for tax benefit purposes.

  • Premature Closure: Not allowed before the completion of the 5-year tenure.

(Exclusive of GST)

  • Section 80C Benefits: Deduct your investment amount from your total taxable income (up to ā‚¹1.5 Lakh per annum).

  • Fixed Tenure: A mandatory 5-year lock-in period as per government regulations to ensure tax eligibility.

  • Flexible Payouts:Ā Choose between cumulative interest (re-investment) or periodic interest payouts to suit your cash flow.

  • Competitive Returns:Ā Earn interest rates on par with our long-term Fixed Deposits.

  • Joint Holding:Ā Available for joint accounts, with the tax benefit applicable to the first-named account holder.

  • Nomination Facility:Ā Easy nomination process to ensure your loved ones are protected.

  • Resident Individuals (Singly or Jointly).

  • Hindu Undivided Families (HUF) having a PAN card.

  • Note: This product is not available for Companies, Firms, Societies, or Trusts.

  • One latest passport-size photograph.

  • Any one of - Aadhaar Card, Voterā€™s ID, Driving License, Passport, Job Card issued under MGNREGA or the new Viksit Bharat-G RAM G Act, Letter issued by the National Population Registrar.

  • PAN Card (Mandatory): Necessary for mapping tax benefits and TDS compliance.

  1. What is the maximum amount I can invest?
    While you can invest more, the tax deduction under Section 80C is capped at ā‚¹1.5 Lakh per financial year.

  2. Can I withdraw the money before 5 years?
    No, as per Income Tax rules, premature withdrawal or loans against this specific deposit are not permitted during the 5-year lock-in.

  3. Is the interest earned tax-free?
    No, while the principal investment is deductible, the interest earned is taxable, and TDS will be applied as per your tax slab.

  4. Who gets the tax benefit in a joint account?
    The tax deduction is only available to the first holder of the account.

  5. Can I pledge this deposit for a loan?
    No, the Bharat Tax Benefit Deposit cannot be pledged as security for any loan or facility    .

  • Minimum Deposit: ā‚¹500 and in multiples thereof.

  • Maximum Deposit: Up to ā‚¹1.5 Lakh per year for tax benefit purposes.

  • Premature Closure: Not allowed before the completion of the 5-year tenure.

(Exclusive of GST)