DEPOSIT CONFIRMATION/RENEWAL ADVICE

Type of Deposit Resident

Deposit Account Number 50300571878614

Name and Holding pattern YOGESH KUMAR B SHAH(Sole Owner)

Currency INDIAN RUPEES

Mode of Operation FD Booked Through Net

Current* Principal Amount Deposit Start Date Period of Deposit Rate of Interest(%p.a.) Deposit Maturity Date Current* Maturity Amount
300000.00 26 nov 2021 6 months 1 days 4.40 27 May 2022 306618.00

Maturity Instructions : Renew Principal + Interest Thank you for banking with us.
Lien Amount : 0.00 This is a system generated Advice, hence does not require any Signature.
Nomination : Not Registered

IMPORTANT - "As per section 206AAintroduced by finance (No.2) Act, 2009 wef01.4.2010, every person who receives income on which TDS is deductible shall furnish his PAN, failing which TDS shall be deducted at the rate of 20%
(as against 10%which is existing TDS rate)in case of domestic deposits and 30.09% in case of NRO deposits". Please further note that in the absence of PAN as per CBDT circular no: 03/11, TDS certificate will not be issued . Form 15G/H and
other exemption certificates will be invalid even if submitted and Penal TDS will be applicable.
Terms & Conditions (T&C)
Bank computes interest based on the actual number of days’ in a year. In case, the deposit is spread over a leap or a amount will be paid by bank draft drawn in the name of the deposit holder or by crediting the savings / current account of
non-leap year, the interest is calculated based on the number of days .i.e. 366 days in a leap year & 365 days in a the deposit holder.
non-leap year. • Partial Premature withdrawal and sweep-in facility is not allowed for fixed deposits with amount>=5 cr to <25 cr.
• The interest rate applicable for premature closure of deposits (all amounts) will be lower of: The rate of Original
Tax Deduction at Source (TDS) /contracted tenure for which the deposit has been booked OR base rate applicable for the tenure for which deposit has
• As per section 206AA introduced by finance (No.2) Act, 2009 wef 01.4.2010, every person who receives income on been in force with the Bank.
which TDS is deductible shall furnish his pan, failing which TDS shall be deducted at the rate of 20% (as against 10% • For deposits <5cr booked on or after 7th March’19, the base rate is the rate applicable to deposits of less than Rs.2 Cr
which is existing TDS rate) in case of domestic deposits and 30% plus applicable surcharge and health and Education as on the date of booking the deposit. Prior to this the base rate is the rate applicable to deposits of less than Rs.1 Cr as on
Cess in case of NRO deposits". Please further note that in the absence of PAN as per CBDT circular no: 03/11. TDS date of booking the deposit. For 5 Crore and above deposits, the base rate is the rate applicable for 5 cr deposits .
certificate will not be issued. In absence of PAN, Form 15G/H and other exemption certificates will be invalid even if • As per terms & conditions of the fixed deposits accounts of the bank in case of premature closure of Fixed Deposit
submitted and TDS at higher rate will be applicable. (including sweep in / partial closure) the interest rate will be 1.00% below the contracted rate or the base rate applicable
• Every person who has been allotted a Permanent Account Number (PAN) and is eligible to obtain Aadhaar number, for the period the deposit has remained with the bank, whichever is lower. except for the deposits booked with tenor 7-14
must update their Aadhaar number to the Income tax department (PAN- Aadhaar Linkage) as per Section 139 AA of the days,for deposit with amount >= 5.25 cr to < 5.50 cr (wef 29th Aug 2018), for deposits>=24.75 cr to < 25 cr (wef 29th
Income Tax Act 1961 by 30th June 2021. Further non linking of PAN with Aadhaar shall make PAN “inoperative” and Aug 2018)and also for FD's booked with value >=25 crore (single fd booked post Sept 2017). 1% reduced rate will not be
may attract higher TDS rate. applicable for NRE fixed deposits.
• TDS rate is applicable from time to time as per the IT Act, 1961 and IT rules. The current rates applicable for TDS • In case of death of primary holder of the deposit prior to maturity date, premature termination of the deposit would be
would be displayed on Bank’s website.Today, TDS is recovered when interest payable or reinvested on FD & RD per allowed as per the terms of contract subject to necessary verifications and submission of proof of death of the depositor.
customer, across all Branch, exceeds Rs 40,000/- (Rs. 50,000/- for senior citizen) in a Financial Year. Further, TDS is Such premature withdrawals will not attract any penal charge.
recovered at the end of the financial year on Interest accruals if applicable.
• If interest amount is insufficient to recover TDS, the same may get recovered from the principal amount of Fixed Insurance Cover for Deposits The deposits in the Bank are insured with DICGC for an amount of Rs 5 lakhs (principal
Deposit.If customer wishes to have TDS recovered from CASA, same can be availed by filling separate declaration at + interest) per depositor.
branch.
• For renewed deposits, the new deposit amount consists of the original deposit amount plus Interest Less TDS, if any, Non Withdrawable Fixed Deposits (Applicable for Resident and Non Resident)
less compounding effect on TDS. For reinvestment deposit, the interest reinvested is post TDS recovery and "hence the • The Deposits cannot be closed by the depositor before expiry of the tenure. However, the Bank may allow premature
maturity amount for reinvestment deposits would vary to the extent of tax and compounding effect on tax for the period withdrawal of these deposits in certain exceptional circumstances, in the event of direction from any statutory and / or
subsequent of deduction till maturity. regulatory body or deceased claim settlement cases.
• As Per Section 139A(5A) of IT Act, every person receiving any sum of income or amount from which tax has been • In the event of premature withdrawal of these deposits under above mentioned exceptional circumstances, the Bank
deducted under the provisions of IT Act shall provide his PAN to the person responsible for deducting such tax. In case will not pay any interest on the principal amount of the deposit. Any interest credited or paid upto the date of such
PAN is not provided as required, the bank shall not be liable for the non availment of the credit of Tax deducted at Source premature closure will be recovered from the deposit.
and non-issuance of TDS certificate. • Sweep-in facility is not allowed.
If your PAN is not updated with the Bank or is incorrect; please visit your nearest branch to submit your PAN details. • The minimum tenor for resident and NRO deposits is 91 days and 1 Year for NRE deposits.
• No deductions of Tax shall be made from the taxable interest in the case of an individual resident in India, if such • The deposit will be booked with maturity instruction as ‘Do Not Renew’.
individual furnishes to the Bank, a declaration in writing in the prescribed Format (Form 15G / Form 15H as applicable) • The Non Withdrawable Deposit is offered for amount 5 crore and above only.
to the effect that the tax on his estimated total income for the year in which such interest income is to be included in • Only first party FD OD is provided with 90% limit. Third party FD OD is not allowed.
computing his total income will be Nil. This is subject to PAN availability on Bank records.
• If aggregated value of all outstanding FDs/RDs booked in same customer id during the Financial Year exceeds INR SureCover Fixed Deposit
5Lakhs limit (*) then PAN/Form 60 is mandatory. • This is a new product variant which provides complimentary life insurance cover for the 1st year of the Fixed Deposit
In absence of PAN/Form 60: (a)• FD/RD will not be renewed on maturity and maturity proceeds will be credited to tenure to the primary holder of the Fixed Deposit (FD) only and the same shall not be available for the joint holders (if
your linked account or a Demand Draft will be sent to your mailing address as updated in Bank's records. (b) Maturity any). The Policy shall be available subject to the below terms and conditions.
instructions to convert RD proceeds to FD will not be acted upon and RD proceeds will be credited to your linked account • • That the eligible age criteria of the primary holder (Resident Individual) of the FD shall be between 18 years to < 50
on maturity. years.
The maximum interest not charged to tax during the financial year where form 15 G/H is submitted is as below: • The minimum amount of the FD is Rs 2 lakhs and maximum amount of the FD is Rs 10 lakhs.
• Upto 2, 50,000/- for residents of India below the age of 60 years or a person (not being a company or firm). • The tenure for the FD is Min 1 year and Max 120 months
• Upto 5,00,000/- for senior citizen residents of India between the age of 60-79 years at any time during the FY • The Policy offered shall be equivalent to principal amount of the FD
• Upto 5,00,000/- for senior citizen residents of India who are 80 years or more at any time during the FY. • The Complimentary insurance is applicable only for 1st year of the Fixed Deposit tenure and the premium for the
• Form 15G/ H to be submitted by customer in triplicate to the bank, for submitting one copy to IT Department, one subsequent years i.e. 2nd year onwards (if availed) shall be chargeable and paid by the primary holder of the FD.
copy for Bank record and third copy to be returned to customer with Branch seal as an acknowledgment. A fresh Form • The complimentary Policy issued in my favour shall be cancelled upon premature/partial liquidation of FD principal
15G /H needs to be submitted at the start of every new Financial Year. In case form 15G/H is submitted post interest amount >=50% of the total FD booked by me.
payout/credit, waiver shall be effective from the day next to the interest payout /credit immediately preceding the date of • Premature withdrawal clause will be applicable as per bank’s extant process
submission of form 15G/H. • Nomination in the FD and Policy is mandatory. If nominee is minor, guardian/ appointee details should be shared and
• Form 15G/H needs to be submitted for every fixed Deposits booked with bank for Tax exemption. guardian/ appointee should not be minor.
• The bank shall not be liable for any consequences arising due to delay or non-submission of Form 15G/H • Customer can avail only one Policy against each FD per cust id. New Policy against the FD can be availed only after a
• To enable us to serve you better kindly submit the Form 15G/H latest by April 1st of the new financial year year from premature withdrawal/closure of the earlier FD
Note: The above guidelines are subject to change as per Income Tax regulations /directives of Finance Ministry Govt of • Insurance cover will be applicable only to the primary holder of the FD
India prevalent from time to time. • The details for the renewal of the Policy for the subsequent year (i.e. 2nd year onwards) shall be shared by the
Automatic Renewal We will be happy to renew your deposit, unless we hear from you to the contrary, for the same concerned Insurance company on or before the expiry of the Policy.
period as the original deposit, at the prevailing rate of interest. You can change the deposit instruction within 7 days. • For any dispute/grievances in relation to the Policy, Customer to contact the Insurance Company for grievance
Without prejudice to clause above, I hereby authorise the Bank and/or its authorised person to approach me through redressal.
various mode of communication, viz. via email, telephone call, voice bot (through chat bot or any other Artificial • For any queries related to the policy, customer can write to cpgroupops@hdfclife .com or visit nearest branch
Intelligent Tool), message, etc. and seek my consent/confirmation to renew the existing Fixed Deposit for same tenure • For any queries related to the claim, customer can write to groupclaims@hdfclife.com
and at the prevailing applicable rate of interest. I confirm that the consent/confirmation given by me through the above • TDS will be applicable on these FDs as per the extant statutory guidelines.
channels for renewal shall be treated as written instruction / advice given by me to the Bank for renewal of the Fixed • All terms and conditions with respect to regular FD will be applicable.
Deposit as above. • That the eligible age criteria of the primary holder of the FD shall be between 18 years to 50 years. In the event of the
Premature Encashment change in age of member between the date of receipt of member consent and the risk commencement date, the sum
• In the event of death of one of the joint account holders, the right to the deposit proceeds does not automatically assured of the member shall be provided as per the age on the risk commencement date.
devolve on the surviving joint deposit account holder, unless there is a survivorship clause. • I/We hereby declare that I/We have not been hospitalized in the last 5 years and/or have suffered/suffering from any
• In case of joint fixed deposits with a survivorship clause, the Bank shall be discharged by paying the Fixed Deposit illness, for which I/We have been advised medical treatments or investigation. I/We have not travelled outside India in the
proceeds prematurely to survivor/s, on request, in the event of one or more Joint Depositor. last 45 days nor will be travelling outside India for the next 6 (six) months from the date of signing this Terms and
• In the case of premature encashment, all signatories to the deposit must sign the encashment instruction Conditions. I/we not been tested positive for COVID-19 or are not awaiting results of such a test or not been advised to be
• All premature encashment will be governed by rules of Reserve Bank of India Prevalent at the time of encashment under quarantine due to COVID-19 and/ or are not currently suffering from or in the last 2 months, have not suffered
• In case joint holder mandate submitted to the bank, any of the holders can sign where mode of operation is either or from fever, persistent cough, sore throat, breathing difficulties, gastro-intestinal symptoms (vomiting/ diarrhoea)
survivor / former or survivor. • The coverage shall terminate if you fail to satisfy any of the eligibility criteria, if you cease to be a member of the
• As per IT laws, if aggregate amount of the deposit/(s) held by a person with a branch either in his own name or jointly group for whatsoever reason or your relationship ceases with the master policy holder or if the premium is not paid within
with any person on the date of repayment together with the interest at payable is equal to or exceeds 20,000/- then the the allowed premium payment period
• Nominee details updated are applicable only for current Policy being issued in the name of the primary holder In case
the above mentioned Terms and Conditions and declarations are untrue or there has been any non-disclosure of any
material fact, then the Policy to be issued by the insurer shall be treated as void during the settlement of the said Policy by
the Insurer.
Please refer to data privacy notice updated on HDFC Bank’s website: www.hdfcbank.com > Personal> Useful Links >
Privacy
Please refer website www.hdfcbank.com for detailed terms and conditions.

Important Points
• Senior Citizens (60 years and above) who are Resident Indians are eligible for senior citizen rates for deposits less
than 5cr.
• Benefit of additional interest rate on deposits on account of being bank’s own staff or senior citizens shall not be
applicable to NRE and NRO Deposits.
• Please quote the Deposit Account Number in all Communication
• Please record change of maturity instructions with us well in advance to enable us serve you better.
• Any changes made online in respect to change in maturity instruction / tenure, details can be viewed online post the
changes.
• Please Ignore this advice If you have redeemed or renewed this deposit on or after the maturity date as mentioned
herein.
• In case of Renewals you will receive a new Fixed Deposit Confirmation / renewal advice.
• Rate applicable on monthly interest option will be discounted rate over the standard FD Rate.
• In case of more than one deposit linked for Sweep-In, the system will first Sweep-In funds from the last or recently
opened deposit,i.e. on LIFO(Last-In-First-Out) basis.
• In case your fixed deposit is booked without nomination details, please visit the Branch to update the same.
• In case of NRO / Resident FD, no interest will be paid if the deposit is prematurely withdrawn before completion of 7
days.
• In case of NRE FD interest will not be paid if the deposit is prematurely withdrawn before completion of 1 year.
• Form 15G/H is not applicable to NRIs
• TDS is not applicable for Interest earned on NRE deposits
• Fixed Deposits booked with monthly or quarterly interest payout option, TDS recovery will by default happen from
linked current / savings account. Please visit nearest branch / contact RM for further clarification.
• When you open a Fixed deposit with the Bank Interest on Term Deposit is calculated as below:
o On a Quarterly basis for deposits > 6 months. Simple interest is paid at maturity for deposits <= 6 months.
o Cumulative Interest/ re-investment interest is calculated every quarter, and is added to the principal such that Interest
is paid on the Interest earned in the previous quarter as well.
o In case of monthly deposit scheme, the interest shall be calculated for the quarter and paid monthly at discounted rate
over the Standard FD Rate.
• If FD is not booked / renewed as per applicable T &, Bank reserves the right to rebook the same with correct details.
• Please visit our website/nearest branch/contact RM for further clarification.
• In case of Non-filer of income Tax return, TDS shall also be deducted at higher rate as provided by Section 206AB
w.e.f 1-Jul-2021.
• Income-tax provisions outlined in this document are updated as of the Finance Act, 2021.

Maturity Instructions:
_______________________________________
Signature(s)
For Office Use only:
Liquidation Instructions
Liquidation : On Maturity / Premature withdrawal
Credit Account No. : ____________________________
Issue Pay order favouring : ____________________________
Date of Liquidation : ____________________________