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Important
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As per section 206AA introduced by Finance (No. 2) Act, 2009 wef
01.04.2010, every person who receives income on which TDS is deductible
shall furnish his PAN, failing which TDS shall be deducted at
the rate of 20%(as against 10% which is existing TDS rate) in
case of Domestic deposits and 30.90% in case of NRO deposits
Please further Note that in the absence of PAN, as per CBDT circular
no:03/11, TDS certificate will not be issued, form 15G/H and other
exemption certificates will be invalid even if submitted and penal
TDS will be applicable.
Please visit nearest HDFC Bank branch to submit or confirm updation
of your PAN with the bank. |
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In 2006, it was announced for the first time that Bank fixed deposits booked
by an Individual/HUF for 5 years & upto Rs. 1,00,000/- will be allowed
exemption under Sec 80C of the Income Tax Act,1961 subject to necessary
declarations taken from the Customer.
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Features & Benefits |
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Minimum Amount: Rs.100/- |
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Multiples of Rs.100/- |
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Maximum Amount: Rs. 1 lac (in a FY) |
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Tenure - 5 years (lock in period). |
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Rate of Interest - As per prevailing
5 yr deposit rates |
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Monthly or Quarterly interest pay-out
option is available. |
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No Partial/Premature withdrawal allowed. |
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Sweep-in not allowed. |
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No OD or pledge allowed. |
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In the case of joint holder deposit,
the deduction from income under section 80C of the Act shall be available
only to the first holder of the deposit. |
*Conditions Apply
Note: Interest rates are subject to change
from time to time. Applicable interest rates will be announced as on the date
of receipt of the funds by the bank.
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| Apply Now |
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Just
fill the Online Application Form and our representative
will get in touch with you shortly.
Other Ways to apply
:
*Conditions Apply
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