Bank Fixed Deposit

Question- Can spouse of staff be benefited 1 staff benefit on FD?

Ans- Spouse of any bank staff can not get the benefit of 1 % extra on FD. This benefit is only for bank staffs and not for their spouse and family members.

Question- May we put some amount in FD without opening savings account?

Ans- You may put amount in FD without opening a saving bank account in bank. For this, you need to submit your full KYC like ID and Address proof for opening fixed deposit. Now a days banks don’t prefer to open FD without saving account.

Question- What is section 206 AB Income Tax ?

Government of India has proposed new section 206 AB in Income Tax act in budget 2021. This act will be applicable from 1st july 2021. This act has been brought higher (Double )TDS for those who do not file Income Tax. Now if you have some fixed deposit in the bank then you need to submit your last 2 years Income Tax Filling details like acknowledgement number so that bank does not deduct double TDS (20 %).


You can also read about  Axis Bank FD Interest Rates  , HDFC Bank FD Interest  Rates

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