Which all banks recognise Sec 80 C of Income Tax Act?
bank term deposit scheme notified on 28-07-2006.
terms defined in scheme follows -
(d) "investment" means investment in term deposit of scheduled bank assessee in accordance scheme;
(e) "scheduled bank" means state bank of india constituted under state bank of india act, 1955 (23 of 1955), or subsidiary bank defined in state bank of india (subsidiary banks) act, 1959 (38 of 1959), or corresponding new bank constituted under section 3 of banking companies (acquisition , transfer of undertakings) act, 1970 (5 of 1970), or under section 3 of banking companies (acquisition , transfer of undertakings) act, 1980 (40 of 1980), or other bank, being bank included in second schedule reserve bank of india act, 1934 (2 of 1934);
(f) "term deposit" means deposit scheduled bank fixed period of not less 5 years;
i want avail benefit under sec 80c of income tax act banks recognised
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