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You can open a Defence Salary Account if you are a defence personnel currently employed with the Indian Army, Indian Air force or Indian Navy. |
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All you need to do is instruct your salary wing to start crediting your salary to this new account. |
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If you already have an HDFC Bank Savings Account and wish to continue with it, you may do so, but you will not be entitled to special benefits of a Defence Salary Account. |
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As per the finance (No 2) Act 2004, all fees & charges mentioned in the Tariffs, Charges or Fees Brochures will attract Service Tax @10% & Education Cess @2% of the service tax amount effective 10th September 2004. The same will appear as separate debits in the statements.
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