« 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 «  I-T dept holds TDS symposium... Agri income likely to stay out of tax net... » PNB tax-saver FD scheme August, 21st 2006 Punjab National Bank has announced a scheme for investors looking to park their funds in term deposits of five years and above along with the availability of tax benefits under Section 80C of the Income-Tax Act. A bank release said that customers can now open `PNB Tax Saver Fixed Deposit' accounts at any branch with initial deposit of Rs 100 only or in multiples thereof subject to maximum deposit of Rs 1 lakh a year for a period of five years and maximum of 10 years. The rate of interest is eight per cent per annum and 8.5 per cent for senior citizens.To avail Section 80C benefits, the lock-in period is five years. Under the scheme, the investor can choose income option (outflow of interest) or maturity option.