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Form 16A, also known as TDS certificate, is issued when TDS is deducted on income other than salary. In the case of banks including SBI, Form 16A mentions TDS on interest income on fixed deposits.
In case of SBI fixed deposit, if you wish to submit the forms in the SBI bank offline, here are the links to download Form 15G and Form 15H . Here are the steps to submit the Form 15G or 15H in ...
India’s largest lender, State Bank of India (SBI) has given a friendly reminder to its customers that Form 16A is now available at all SBI branches. The bank tweeted that it has mailed the TDS ...
All those SBI customers, who do not have a taxable income, can fill out form 15G to request the bank not to deduct tax at source on interest paid/payable on fixed deposits.
Meanwhile, SBI FDs between 7 days to 45 days fetch 2.9%. Term deposits between 46 days to 179 days give 3.9%. FDs of 180 days to less than one year will earn an interest rate of 4.4%.
SBI annuity scheme vs fixed deposit vs recurring deposit: Investment cheat sheet The EMIs comprises a part of the principal amount as well as interest on the reducing principal amount, compounded ...
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