Click here for consolidated fees and charges of Senior Citizens Account.
Click here for terms and conditions.
Yes, there may be fees or charges associated with opening a HDFC Bank Five-Year Tax-Saving Fixed Deposit account. These can include processing fees, documentation charges, and any applicable taxes. It's advisable to check with the bank for the most current information on fees and charges before opening an account.
No, senior citizens' accounts are not tax-free. Any interest earned on these accounts is subject to tax as per the Income Tax Act, 1961. However, senior citizens are eligible for higher exemption limits on interest income from deposits under Section 80TTB of the Income Tax Act.