For the general public, the bank will now provide 4.50 per cent to 6.25 per cent interest rates on Recurring Deposits (RDs) with terms ranging from 6 months to 120 months. As per section 206AA introduced by finance (No.2) Act, 2009, 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 (7. Starting today, HDFC Bank has also updated its interest rates on recurring deposits (26 October). PAN card is required for Fixed Deposits greater than or equal to Rs. Following today’s increase, elderly residents will get interest rates ranging from 3.5 per cent to 6.95 per cent on FDs with terms ranging from 7 days to 10 years.Ħ months 1 days <= 9 months 5.25 per centĪlso Read | HDFC Bank launches SmartHub Vyapar for merchants The above rates are applicable for fresh fixed deposits and are subject to change from time to time without prior notice. Senior people will receive a 50 basis point interest rate increase over those offered to ordinary customers. Check your overdraft Loan limit with HDFC Banks Overdraft Calculator. Deposit will be booked upon availability of clear funds with the bank and applicable interest rate will be given as on the date of receipt of the funds by the bank.
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