Additional Interest Rates - The HDFC Domestic term deposits offer an additional interest rate of 0.25% to senior citizens.

Not only is the interest rate immune to dynamic market price, but it also assures return on investment.

Assured Returns - The HDFC Tax saver term deposit is considered to be a highly secure investment option for customers.

Following are some of the key attractions: The tax saver FD scheme also benefits its users with its lucrative features. HDFC bank tax saver fixed deposits are ideal for investors to park their financial capital. Investors who want to open a savings account must provide their respective financial institutions with the following documents.

NRIs can also open a tax saving term deposit account.

However, minors can also open an account jointly with their guardians.

The applicant's minimum age should be between 18 and 21 years.

Customers need to have a savings account with the bank in which they have decided to open a tax saving FD.

Applicants need to possess valid identification documents.

Groups that are Hindu Undivided Families, partnership firms, and companies can open a tax savings scheme.

Any individual can start a tax-saving FD account.

Some of the basic parameters investors need to adhere to start their HDFC tax saver investment journey are as follows. Generally, term deposit schemes are open to all without many restrictions. In this blog, read about the HDFC tax saver fixed deposit scheme and how to invest in it.

Customers can invest up to INR 1,50,000 in a financial year.

Additionally, the depositor can increase the investment by multiples of 100. HDFC Tax Saver FD scheme has a minimum balance requirement of INR 100. HDFC Tax Saver scheme is ideal for investors who hail from low to middle-income households. With HDFC Bank, one of India's central commercial banks, customers get competitive and attractive interest rate options. There will be a minimum investment policy that differs from bank to bank. Many banks give out the option for customers to choose their desired repayment frequency. Customers can park their financial savings into an FD account and generate a decent return after maturity. Tax Saver Fixed Deposits is a specialised scheme where customers have the provision to claim any tax deductions worth up to INR 1,50,000 in a financial year.

Hdfc fixed deposit interest certificate