HDFC Fixed Deposit for Trusts by devangbadiyani

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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 an HDFC Trust 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 fifteenth 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: 1. HDFC Trust Deposits is a specified investment under Section 11(5) (ix) of the Income Tax Act, 1961. 2. 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. Furth

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