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%**