« Top Headlines » Open DEMAT Account in 24 hrs  How to Change Current Period in Tally Prime Step-by-Step Guide for Users  Global Payroll Management with Tally Prime: How International Businesses Use It Beyond India  How to Manage B2B HSN Codes in Tally Prime: A Complete Guide for Businesses  How to Check Business Revenue in Tally Prime: A Complete Step-by-Step Guide  MSME Payment Rule in Tally Prime: Understanding the Law and Its Impact on Businesses in 2025 The MSME (Micro, Small and Medium Enterprises) Payment Rule is a legal framework introduced under th  Multipurpose Empanelment Form (MEF) 2025 26 Meaning, Purpose, and How to Manage It in Tally Prime  GST Appellate Tribunal (GSTAT) Structure, Powers, and Its Relevance in Tally Prime Implementation  How Tally Prime Supports the Real Estate & Construction Industry in India  Comparison Between Tally Prime 6.1 and Tally Prime 6.2  How Tally Prime Renewal Helps Save My Data  Where to Buy Tally Prime 7.0 at the Best Rates Possible «  Finmin, MCA differ on taxation policy for LLPs... ICFAI to start pvt varsities across India... » SBT unveils tax saver term deposit scheme August, 17th 2006 The State Bank of Travancore (SBT) has unveiled a new deposit scheme, "SBT Tax Saver Term Deposit Scheme", with effect from August 16. As per the scheme, a depositor can claim income tax exemption up to a maximum of Rs 1 lakh under section 80C of the Income Tax Act in a financial year. The deposit has to be made for a period of 5 years and will earn interest at 8 per cent per annum. The annualised return from the deposit will be 9.72 per cent. The SBT tax saver term deposit can be opened in a single name or jointly with another individual including a minor, either as a simple or a cumulative term deposit, according to the bank. Being a tax saver scheme, the depositor's PAN has to be quoted while opening the deposit. The bank added that premature withdrawal or loans were not permitted under the scheme.