Section 80TTA: Claim Tax Deduction on Savings Account Interest Income

The total amount of deposits in savings accounts of Indian banks touched 36 lakh crores for fiscal year 2017-18. Financial inclusion has almost doubled the number of bank accounts in the last 10 years, with up to 80 percent Indians using them. 2018 alone saw 536 million zero balance savings accounts.

Section 80TTA: Claim Tax Deduction on Savings Account Interest Income

The total amount of deposits in savings accounts of Indian banks touched 36 lakh crores for fiscal year 2017-18. Financial inclusion has almost doubled the number of bank accounts in the last 10 years, with up to 80 percent Indians using them. 2018 alone saw 536 million zero balance savings accounts.