The Vijay Tax Savings Scheme is a 5-year investment option that offers tax benefits under Section 80C of the Income Tax Act, 1961. Vijaya Bank fixed deposits are a great option for all types of investors and the bank has a variety to offer when it comes to FDs. Vijaya Bank interest rates are on par with industry standards.
Given below are the revised interest rates offered on the Vijay Tax Savings Scheme with effect from 6 July 2018 for regular and senior citizens:
|Maturity Period||Regular Interest Rates||Senior Citizen Interest Rates|
|5 years (less than Rs.1 crore)||6.75%||7.25%|
|5 years ( Rs.1 crore & above)||6.00%||NA|
Updated on September ‘18
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