Tax Deduction at Source (TDS) for Resident Recurring Deposits
From June 1 2015, Tax Deduction at Source (TDS) will be applicable on interest paid/ accrued on Resident Recurring Deposits. Deposit holder may claim exemption from TDS by submitting Form 15G / 15H (other than company, firm or co-operative society)/ Exemption Certificate under Section 197 (in case of all holders)/ or any other Tax Exemption Certificate with the Bank, subject to eligibility.. Such form or tax exemption certificate has to be submitted every financial year for each recurring deposit held with the Bank.
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Mar 05, 2016
Best Saving scheme
Feb 11, 2016
Its one of the best options for NRIs who wants the money to be saved from unwanted expense as these are commitments. Also as the interest rates are getting lower its the best way to lock your maximum interest available for a longer tenure.
MOHAMMED HANEEFA KALLADA
Jan 13, 2016
How long deposit /10 yr/15 yr
Gopidasan S Nair
Jan 09, 2016
Best Saving Scheme for NRI on a short term. I am compelling my friends to join as well to have a best saving during our NRI time. This will help us to avoid any cheating Chitties, specially the NRI's are involving to make the money fast.
Vijay .P.k - Kuwait
Jan 03, 2016
Best Saving scheme , also my friends jointed very good scheme.
Dec 08, 2015
Its very good scheme because each deduction goes to the interest of fixed deposit and the advantage is in case if we want to withdrew the money we can do it with loss.. and this worth than Local chit-funds (Chittys) in the base of returns and safety point of view