NATIONAL HOUSING BANK
(Wholly owned by Reserve Bank of India )

NHB SUVRIDDHI (Tax Saving )Term Deposit Scheme

** Interest rates offered above are as on date and computed on quarterly compounding basis.
NHB at its sole discretion may change/modify the above rates at any point of time without any notice.

2. Deposit Amount:  Minimum of Rs. 10,000 and higher in multiples thereof up to maximum of Rs. 1,00,000/- per financial year.

3. Who can deposit: Individuals / HUF 

4. Interest option under the Scheme: Cumulative Interest Option / Non- Cumulative Interest Option.

5. Tax Benefit under Section 80C- Notified by CBDT published in Extraordinary Gazette of India dated 5th January, 2009 S.O.21 (E).

6. Nomination: Available

7. TDS on interest: Deduction of Income-tax at source from interest payments will be governed by the provisions of the Income Tax Act, 1961, as in force from time to time, and the rules frame there under. As per the present provisions U/S 194A of the Income Tax Act, 1961, interest upto Rs. 5000/- in a financial year is exempt from deduction of tax at source.

Click here for

1. Terms & Conditions of the Scheme
   
   • Annexure – I
   • Annexure – II
2. Download Application Form
   1. Individual/ HUF.

How to deposit:

For further details or clarification please contact us at:
(Phone No. 011-24649031-35) or Email at fd@nhb.org.in