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  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
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  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
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  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
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  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?

Bank Tax Saving Deposit Scheme

Bank Tax Saving Deposit Scheme

EligibilityOnly individuals and HUFs (Hindu Undivided Families) are eligible.The deposits can be issued in single holder or joint holder types.
Minimum amountRs. 100/-
Maximum amountIn multiples of Rs. 100/- not exceeding Rs. 1,00,000/- in a year.
Maturity period5 years
InterestInterest rate varies from bank to bank.The interest may be paid either in lump sum at the time of maturity or it may be paid every quarter or every month.
Nomination facilityAvailable, except in cases where deposits are made or held in the name of minors.
TransferabilityAllowed from one branch of the issuing bank to another.
Premature EncashmentNot allowed, except in the event of the death of the first holder of the deposit in a case of a joint holder type deposit, the other holder of the deposit shall be entitled to encash the term deposit before its maturity by making an application to the branch manager of the bank, supported by proof of death of the first holder of the deposit.
(Amendment by Notification No.289/2007 dated 13-12-2007)
Tax benefitsAvailable under Section 80C
Interest TaxabilityTaxable, Tax is deductible at source.
Other features
  • The single holder type deposit receipt is issued to an individual for himself or in the capacity of the Karta of the Hindu undivided family.
  • The joint holder type deposit receipt is issued jointly to two adults or jointly to an adult and a minor, and is payable to either of the holders or to the survivor.
  • In case of deposit receipts issued in joint names, the deduction from income under section 80C is available only to the first holder of the deposit.
  • No loan is available against pledge of these deposits.
  • Permanent Account Number (PAN) is required at the time of issue of these deposits.
  • If a term deposit receipt is lost, stolen, destroyed, mutilated or defaced, the person entitled thereto may apply for the issue of a duplicate receipt to the branch of the scheduled bank from where the receipt was issued.
  • In the event of the death of the holder of a term deposit in respect of which a nomination is in force, the nominee or nominees shall be entitled at any time before or after the maturity of the term deposit to encash the term deposit.
  • If a holder of a term deposit dies and there is no nomination in force at the time of his death, the branch manager of the branch of bank from where the term deposit was issued, shall pay the sum due to the deceased, to his legal heirs.

Bank Tax Saving Deposit Scheme



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