PuneinvestPuneinvest
  • Mutual Fund
  • Fixed Deposit
  • SIP Cancellation
  • Capital Gain Bond
  • Web Stories
  • Financial Planning
Reading: Tax Saving Fixed Deposit Scheme 9.58% NHB SUVRIDDHI
Share
Aa
PuneinvestPuneinvest
Aa
  • Mutual Fund
  • Fixed Deposit
  • SIP Cancellation
  • Capital Gain Bond
  • Web Stories
  • Financial Planning
Search
  • Mutual Fund
  • Fixed Deposit
  • SIP Cancellation
  • Capital Gain Bond
  • Web Stories
  • Financial Planning
Follow US
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Puneinvest > Blog > Fixed Deposit > Tax Saving Fixed Deposit Scheme 9.58% NHB SUVRIDDHI
Fixed DepositTax Saving Scheme

Tax Saving Fixed Deposit Scheme 9.58% NHB SUVRIDDHI

Last updated: 2013/10/27 at 11:51 PM
Rajendra Todkar Published October 27, 2013
Share

National Housing Bank (Wholly owned by Reserve Bank of India) offer Fixed Deposit Scheme SUVRIDDHI 9.25%  (Annualised yield 9.58%) Interest rate for this scheme.

Deposit Amount:  Minimum of Rs. 10,000 and higher in multiples thereof up to maximum of Rs. 1,00,000/- per financial year.

Who can deposit: Individuals / HUF 

Interest option under the Scheme: Cumulative Interest Option / Non- Cumulative Interest Option.

- Advertisement -

Tax Benefit under Section 80C- Notified by CBDT published in Extraordinary Gazette of India dated 5th January, 2009 S.O.21 (E).

Nomination: Available

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.

 

NHB has been established to achieve, inter alia, the following objectives –

  1. To promote a sound, healthy, viable and cost effective housing finance system to cater to all segments of the population and to integrate the housing finance system with the overall financial system.
  2. To promote a network of dedicated housing finance institutions to adequately serve various regions and different income groups.
  3. To augment resources for the sector and channelise them for housing.
  4. To make housing credit more affordable.
  5. To regulate the activities of housing finance companies based on regulatory and supervisory authority derived under the Act.
  6. To encourage augmentation of supply of buildable land and also building materials for housing and to upgrade the housing stock in the country.
  7. To encourage public agencies to emerge as facilitators and suppliers of serviced land, for housing.

 

[vfb id=7]

 

- Advertisement -

You Might Also Like

Kisan Vikas Patra: Double your Money in 120 Months with Post Office

Point to be Note before Investing in Company Fixed Deposit

Shriram Transport FD Interest Rate Nov 2022

National Pension Scheme NPS – Overview

SBI Interest rates Table Jun 2022

Review -KTDFC Fixed Deposit Scheme

Public Provident Fund -PPF

Fixed Deposit

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share this Article
Facebook Twitter Email Copy Link Print
Previous Article Jyoti Structure Ltd Fixded Deposit Interest Rate Oct 2013
Next Article Fixed Deposit -Interest Rate – Nov 2013
- Advertisement -

Latest Post

  • NFO: Kotak Banking & Financial Services Fund
  • Understanding the Advantages and Drawbacks of Mutual Funds
  • A Beginner’s Guide to Investing in Banking Sector Funds
  • The Role of Alpha in Shaping Mutual Fund Performance
  • An Introduction to the Indian Stock Market: Understanding How it Works

Category

  • BNPL
  • Bonds
  • Calculators
  • Capital Gain Bond
  • Child Planning
  • Credit Card
  • Featured
  • Financial Planning
  • Fixed Deposit
  • Gold
  • health Insurance
  • IPO
  • MF SIP
  • Mutual Fund
  • Mutual Fund Overview
  • Mutual Fund Service
  • NCD
  • New Fund Offer
  • Post Office
  • Retirement Planning
  • Stock Market
  • Tax Free Bonds
  • Tax Saving Scheme

You Might Also Like

calender
Fixed DepositPost Office

Kisan Vikas Patra: Double your Money in 120 Months with Post Office

January 5, 2023

Point to be Note before Investing in Company Fixed Deposit

December 10, 2022
equity
Fixed Deposit

Shriram Transport FD Interest Rate Nov 2022

November 26, 2022
Insurance vs child fund
Tax Saving SchemeRetirement Planning

National Pension Scheme NPS – Overview

November 4, 2022
ladders career licmf
Fixed Deposit

SBI Interest rates Table Jun 2022

June 15, 2022
mehmet
Fixed Deposit

Review -KTDFC Fixed Deposit Scheme

June 7, 2022
retirement plan
Post OfficeRetirement PlanningTax Saving Scheme

Public Provident Fund -PPF

May 20, 2022

Fixed Deposit

April 26, 2020
Show More

© 2011 Puneinvest. All Rights Reserved.

  • SiteMap
  • Terms and Conditions
  • Disclaimer
  • Privacy Policy
  • About Us
  • Our Services
  • Contact Us

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?