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Kapol Tax
Saving Deposit Scheme
The Kapol Bank has introduced a new scheme vide which
you can not only deposit your amount and avails best interest rates but
also you can get the tax deduction, the details as below :-
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Investment upto Rs.1,00,000/-
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Period of Deposits : 5 years (Lock-in-Period)
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Tax Relief under Sec 80C of the Income Tax Act.
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Rate of Interest : 9% with quarterly rests.
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Interest is taxable
Term
Deposits
We are offering the following interest rates to the
deposits, as on 20th December, 2007 -
 |
Interest Rates |
 |
 |
|
PERIOD OF TERM
DEPOSITS |
INDIVIDUAL |
SR. CITIZEN |
SOCIETIES / TRUSTS
* |
|
15 to 45 days |
4.00% |
4.50% |
4.50% |
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46 to 90 days |
5.50% |
6.00% |
6.00% |
|
91 to 150 days |
6.75% |
7.25% |
7.25% |
|
151 to less than 12 months |
6.50% |
7.00% |
7.00% |
|
12 months - 18 months |
9.25% |
9.75% |
9.50% |
|
above 18 months - 36 months |
9.50% |
10.00% |
9.75% |
|
above 36 months - 60 months |
8.75% |
9.25% |
9.50% |
|
above 60 months |
7.00% |
7.50% |
7.00% |
|
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Lakhpati
Scheme (Kuber
Nidhi)
You can become a Lakhpati by investing in this
Scheme. Under the Lakhpati (Kuber Nidhi) scheme, you deposit only Rs.1301/- or
1099/- p.m. and become lakhpati in 5 yrs. or 6 yrs. respectively.
The Scheme is as follows -
( Individuals )
|
Monthly Installments |
Period |
Maturity Value |
|
Rs.2,396/- |
36 months |
Rs.1,00,020/- |
|
Rs1,328/- |
60 months |
Rs.1,00,064/- |
|
Rs.1,117/- |
72 months |
Rs.1,00,043/- |
|
( Sr. Citizens ) |
|
Rs.2,377/- |
36 months |
Rs.1,00,011/- |
|
Rs.1,301/- |
60 months |
Rs.1.00,011/- |
|
Rs.1,099/- |
72 months |
Rs.1,00,018/- |
Fixed
Deposits
Under this scheme, you can deposit for various
periods ranging from 30 days to 72 months. Interest is paid on
quarterly / half yearly basis, as desired by you.
Sanchay
Nidhi
Under this scheme you can deposit for any period from
15 months to 72 months. This is a reinvestment scheme, interest is
calculated on quarterly basis and compounded.
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