« 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 «  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.