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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, Form 15G/H and other exemption certificates will be invalid even if submitted & 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 -7.50% p.a, Senior
Citizen rate - 8.00% |
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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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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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