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An Individual or A Hindu Undivided Family ( Only IT Assessees with PAN)
Deposit amount should not exceed Rupees one lac in a year
Lock in period is 05 years
The deduction from income under Section 80C of the Act is available
Rate of Interest under ' AB TAX SAVER ' Deposit Scheme is the same as that of Domestic Term Deposit.
Please contact your nearest Andhra Bank Branch for other details, lock in period, tax benefits available under this scheme etc.,
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