interest on bank deposits
chandansingh640:
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Answered by
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.
- 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.
Answered by
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!
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!
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