Deposits: Trust

HDFC offers a wide range of deposit products, a secure investment option, with attractive returns. Deposits are accepted from Charitable Trusts, Religious Trusts, Educational Institutions, Employees' Welfare Trusts and others as decided by the management.

Trusts can choose from any of the following products depending on their need.

Trust Deposits:

1) Fixed Rate Deposits

	Following options are available under Fixed Rate Deposit -
	i)	Monthly Income Plan
	ii)	Non-Cumulative Deposits
	iii)	Annual Income Plan
	iv)	Cumulative Deposits

2) Variable Rate Deposits

Variable Rate Deposit is a new addition to the wide range of deposit products offered by HDFC to enable the depositors to take advantage of movements in interest rates.
	Following options are available under Variable Rate Deposit –
	i)	Monthly Income Plan
	ii)	Non-Cumulative Deposits
	iii)	Annual Income Plan
	iv)	Cumulative Deposits

Benefits of HDFC's Fixed Deposit Rates & Variable Rate Deposit

1. Highest Safety
2. Attractive Returns
3. Tax Benefits
4. Quick Loan Facility
5. High Service Standards
6. Demand Draft Facility
7. Electronic Clearing Service

Highest Safety:
'FAAA' and 'MAAA' rating affirmed for the SIXTEENTH consecutive year by CRISIL and ICRA respectively.

Attractive Returns: HDFC deposits are Available throughout the year and offer Attractive, Assured returns to investors.

Tax benefits:

HDFC Trust Deposits is a specified investment under Section 11(5) (ix) of the Income Tax Act, 1961.
No tax deduction at source from Interest on deposits upto Rs. 5,000/- per branch in a financial year.

Quick Loan Facility: Loan against deposit is available after 3 months from the date of deposit upto 75% of the deposit amount subject to the other terms and conditions framed by HDFC. Interest on such loans will be 2% above the deposit rate.

High Service Standards: Depositors are offered across the counter services for new deposits, renewals, repayments and loan against deposit facility. Further, all enquiries through email, post, telephone and in person are attended to immediately.

Demand Draft Facility: Outstation depositors can send demand drafts after deducting demand draft charges. This facility is applicable for places where HDFC does not have an office.

Electronic Clearing Service: This facility is provided to depsoitors in select centres whereby the interest will be credited directly to the depositors' bank account. The depositor would receive a credit entry "ECS HDFC" in his passbook/bank statement. Intimation of interest credited would be sent on an annual basis. Your bank will not levy any charge for this facility as per present RBI guidelines.

Presently this facility is being offered by us at the following centers -

ECS Centres : Ahmedabad, Bangalore, Bhubaneshwar, Kolkata, Chandigarh, Chennai, Hyderabad, Jaipur, Kanpur, Mumbai, Nagpur, Nasik, New Delhi, Pune and Vadodara

Deposits: Trust

HDFC's Fixed Deposit Rates & Variable Rate Deposit