TDS is applicable for Interest earned over ₹40,000 for general customers and ₹50,000 for Sr.Tax Saver Fixed Deposits cannot be closed prematurely/partially before expiry of the lock-in period of 5 years and cannot be booked with auto renewal facility.1961, a maximum tax exemption up to ₹1,50,000 may be availed by investing in Bandhan Bank Tax Saver Fixed Deposits. Under Section 80C of the Income Tax Act.Submission of proof of Age is mandatory to avail Senior Citizen Rates.Senior Citizen Rates are only for Resident Indians and do not apply to NRIs.The above rates are applicable for Retail deposits less than ₹2 crore.In case of premature withdrawal of deposit 1% penalty will be levied on the corresponding ROI for which the deposit is actually kept with the BankĪny deposit of ₹10 crore and above can be contracted only with the prior approval of the Treasury Without Premature Payment facility 'Non-Callable' (All rates are per annum) With Premature Payment facility 'Callable' (All rates are per annum) Savings bank account interest will be paid at quarterly intervals.Interest rates are subject to periodic change without any prior notice.Interest of 3.00% p.a will be applied for amount up to ₹1 lakh, 6.00% p.a will be applied on the incremental balance over and above ₹1 lakh up to ₹10 lakh, 7.00% p.a will be applied on the incremental balance over and above ₹10 lakh up to ₹2 crore, 6.25% p.a will be applied on the incremental balance over and above ₹2 crore up to ₹10 crore, 6.50% p.a will be applied on the incremental balance over and above ₹10 crore up to ₹50 crore, 8.00% p.a will be applied on the incremental balance over and above ₹50 crore up to ₹250 crore and 8.05% will be applied on the incremental balance over and above ₹250 crore.Interest will be calculated daily based on end of day clear balance in the account.

Daily Balance above ₹100 crore to ₹250 crore Daily Balance above ₹50 crore to ₹100 crore Daily Balance above ₹10 crore to ₹50 croreį. Daily Balance above ₹2 crore to ₹10 croreĮ. Daily Balance above ₹10 lakh to ₹2 croreĭ. Daily Balance above ₹1 lakh to ₹10 lakhĬ. Domestic and Non-Resident Rupee Savings Bank Accountī.

5 year tax saving deposit hdfc