« Top Headlines » Open DEMAT Account in 24 hrs  Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)  Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose  Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More  Government proposes to ease tax relief conditions for offshore funds  TallyPrime Connected Banking: Automating Banking and Accounting  ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update  ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide  Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers  Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It  ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes  Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs «  Flat buyers may not have to pay service tax... Tax dept rejigs scrutiny system... » SIB's tax saving deposit scheme August, 08th 2006 South Indian Bank has launched a fixed deposit scheme, called `Sib Tax Gain 2006', which will offer tax savings options to customers. This follows the recent Government notification, which has included fixed deposits in the list of savings schemes that are eligible for tax exemptions under Section 80 C, said a press release from the bank. The deposit can be opened with minimum Rs 100 and in multiples of Rs 100 up to Rs 1 lakh for five years under simple interest or compound interest scheme. Senior citizens are eligible for higher rate of interest at par with other deposits, said the press release. The deposit can be in the name of individuals or joint or the Hindu undivided familyDeposit can be transferred from one branch to another of the bank. This deposit cannot be closed within five years, nor it can be pledged for a loan, the release said.