Introduction

PGB Tax Saver scheme is suitable for depositors who want to place their funds for minimum period of 5 years, require higher rate of interest with quarterly compounding and also wants to avail Tax

benefits.  The tax benefit is available under section 80 C of the Income    Tax Act.

Deposit Amount

Upto Rs.1 lac

Period of Deposit

5 years to 10 years.

Interest

8%