HDFC Five Year Tax Saving Fixed Deposit – Features Benefits & Interest Rates

Features & Benefits
- Minimum Amount: Rs.100/-
- Multiples of Rs.100/-
- Maximum Amount: Rs. 1 lac (in a FY)
- Tenure – 5 years (lock in period).
- Rate of Interest -8.25% p.a, Senior Citizen rate – 8.75%
- Monthly or Quarterly interest pay-out option is available.
- No Partial/Premature withdrawal allowed.
- Sweep-in not allowed.
- No OD or pledge allowed.
- 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.

Interest Rates
When you open a Fixed deposit with HDFC Bank
- Your interest is calculated on a quarterly basis
- Interest for re-investment is calculated every quarter, and the Principal is increased to include interest earned during the previous quarter.
Tax at source is deducted as per the Income Tax regulations prevalent from time to time.
Interest rate – 8.25% p.a., Senior Citizen rate – 8.75%**

Special Offers and Benefits on HDFC Senior Citizens Account:

Features & Benefits of HDFC SavingsMax Account

By maintaining an average quarterly balance of just Rs. 25,000/- you get a host of premium services from HDFC Bank absolutely free*.

- Free BillPay & InstaAlerts for all account holders for lifetime of the account.
- Free Monthly Statement of Account.
- 50% off on the Locker rental for the 1st year only.
- Folio maintenance charges on Demat account free for first year.
- Free NetBanking, PhoneBanking & MobileBanking.
- Free Woman’s Advantage/International Debit Card for all account holders for lifetime of the account.
- Free Payable-at-Par chequebook, without any usage charges.
- Free Demand Drafts on HDFC Bank locations, upto a limit of
Rs. 1 lac per day.
- Free Passbook facility available at home branch for account holders (individuals).
- Free Email Statement facility .
- Free unlimited transactions: Cash withdrawal and balance enquiry, at all HDFC Bank ATMs & at all non HDFC Bank domestic ATMs using your HDFC Bank Debit Card
- Free Gold Debit Card for primary account holder for lifetime of the account. Gold Debit Card for other account holders at Rs 250/- p.a.
- Self/Third Party Cash Deposit/Withdrawal at non-home branches, upto Rs 50,000/- per day free. Above Rs 50,000 a charge of Rs 2.90 per thousand on the full amount would be applicable.
- Optional “MoneyMaximizer” (sweep- out) facility for conversion of your surplus money into high earning fixed deposits, at the threshold of Rs.1,25,000/- . In the event of the balance in SavingsMax account exceeding / reaching Rs.1,25,000/-, the amount in excess of Rs.1,00,000/- will be swept out in to a Fixed Deposit with a minimum value of Rs.25,000/- for a 1year 1day period *

HDFC Bank’s Kid’s Advantage Saving Account Features & Benefits

HDFC Bank’s Kid’s Advantage Account you can ensure your child’s secured future and fulfill all his dreams in time. The Kid’s Advantage Account presents you a great way to accumulate savings for your child and provide him the head-start required to succeed in life. It’s an account which grows with your child to meet his future monetary requirements.

Features & Benefits:

– Free Education Insurance cover of Rs. 1,00,000/- in the event of death of the parent / guardian through vehicular accident by road, rail or air to safeguard the future of your child.

– ATM/International Debit Card will be issued for children between 7-18 years of age in the child’s name with your permission. The amount your child is able to withdraw is Rs. 2,500/- at ATMs and spend Rs. 2,500/- at merchant locations per day.

– Free cash withdrawals on any other Bank’s ATM*

– 1 free Personalised cheque book for your child.

– Monitor the transactions of your child’s account with the free quarterly physical statement of account or free monthly Email Statement of account.

– Free NetBanking for you to monitor your child’s account.

– Free SMS/Email alerts informing you about the account transactions.

HDFC TERM FIXED DEPOSIT INTEREST RATES

7 – 14 days – 3.50%
15 – 29 days – 4.00%
30 – 45 days – 5.00%
46 – 60 days – 6.25%
61 – 90 days – 6.50% (more…)