Accountancy, asked by chandansingh640, 1 year ago

interest on bank deposits


chandansingh640: journal

Answers

Answered by neaaa
3
hey mate here is ur answer
- Typically, banks deduct TDS on theinterest in case the interest-earned income through the fixed deposit is more than 10,000 Rupees per annum. The TDS is deducted at the rate of 10 percent on the income earned by interest if your account is linked with your PAN number.

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Answered by shahrajat5p6lx2g
1
Hi there!

The interest Rate varies according to Banks.

It ranges from 0% to even 15%

The average range lies at 7-8%.

Do you want to make a decision to open a Bank Account? or is it a Academic question?

hope it helps!

chandansingh640: interest on bank deposits
chandansingh640: thanks
shahrajat5p6lx2g: That way, Know what bank you want. Visit the Website - phone them and ask or ask your Known members
chandansingh640: paid to partha discount received
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