Risk Free Investment - HDFC Bank 8% Savings Bonds

HDFC Bank 8% Savings ( taxable ) bonds 2003

Features

·         Minimum investment of Rs.1,000 and no maximum limit on investment

·         6 years tenure of the bond from the date of issue

·         Choose from Half Yearly Payable interest and Cumulative interest

·         8%p.a. rate of interest (1^St feb & 1^st August)

·         No income tax exemption available, TDS Will be deducted on interest.

·         However, the bonds will be exempt from Wealth-Tax under the Wealth-Tax Act, 1957.

·          These bonds are not transferable.

Why choose this product?

•                   Minimum investment of Rs.1,000

•                   No maximum limit on investment

•                   8%p.a. rate of interest

•                   100% risk free investment option

Who can invest in it?

·       An Individual, not being a Non Resident Indian

·       A Hindu Undivided Family

·       A Charitable Institution

·       A University

Cheque in Favour of

“HDFC Bank 8% Savings ( taxable ) Bonds, 2003”

Document required

- Self attested Pan Card Copy

- Self attested Address proof (Aadhaar Card Copy)

- Cancelled Cheque 

For further detail feel free to contact me.

Mehul Bheda

+91 9819592326 | mebheda@gmail.com