« Top Headlines » Open DEMAT Account in 24 hrs  ITR Filing 2025: These individuals are exempt from paying tax. Do they need to file returns?  Full List Of Trump's Reciprocal Tariffs Announced Wednesday  Top 5 tax-saving investment options for salaried individuals to consider before March 31, 2025  5 lesser lesser-known avenues of tax saving you can use to save income tax before March 31, 2025  March 15 is deadline for last advance tax installment: Know if you must pay «  Mauritius for balanced view on resolving taxation treaty... On a mole's trail... » KVB unveils tax shield deposit scheme August, 31st 2006 Karur Vysya Bank launched the KVB Tax Shield deposit on Wednesday. Investments in this scheme qualify for tax benefit under Section 80 C of the Income-Tax Act. The return on investment is 50 basis points higher at 9 per cent for senior citizens and 8.5 per cent for regular depositors. Interest is payable at quarterly rest, but for depositors seeking monthly interest, it would be paid at discounted rates, states a KVB release. It would be a five-year deposit. The minimum and maximum investment under this scheme has been fixed at Rs 100 and Rs 1 lakh, respectively.