Maxi Saver has no monthly account service fee but other fees and charges apply, including for branch access. To hold a Maxi Saver account you must also hold an eligible St.George account in the same name or have an existing eligible St.George joint account with your name included in the title. However, this provision has been revised from the assessment year 2014-15. The modified provision affords you with deduction for three continuous assessment years, starting with assessment year relevant to the former year in which the eligible securities under RGESS are first attained. Successful loans will include an administrative fee, see above for more information. The two year period that commence instantly after the end of the fixed lock-in period will be termed as the flexible lock-in period. For more information see the APRA website. St.George Fraud Money Back Guarantee ensures that customers will be reimbursed for any unauthorised transactions provided that the customer has not contributed to the loss and contacted St.George promptly. For all other measures, there is no requirement to use a specific installer, but we do recommend you shop around and get at least 3 quotes to ensure good value for money.
Even if the surplus amount is kept only for a few days during the month, it helps reduce the interest component of the EMI for that month. For some insulation measures, it is a requirement of the scheme that the installer is Green Deal certified specifically for the measure. Under the dividend option, the investor can choose between dividend payout or dividend reinvestment. The returns generated on the investments are also tax-free in the hands of the investor after completion of the 3 year lock-in period. In case of SIP investments, redemptions can be done on a first-in-first-out basis since each individual SIP has a lock-in of 3 years.
Terms and conditions and fees and charges apply to the eligible account. What is the ELSS investment tenure? ELSS funds have a lock-in of 3 years. These amounts will reduce with each EMI payment.Drawing Power = Outstanding principal loan amount.Available Balance = Any surplus amount parked in this account + accrued interest savings.