Need A Financial Product Forums Trading/Investments Is TDS applicable on ICICI bank’s iWish account

This topic contains 1 reply, has 2 voices, and was last updated by  Atul Dalvi 2 years, 1 month ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #48046

    Atul Dalvi
    Member

    I am maintaining a savings bank account with ICICI Bank. I am planning to reap their services of iWish account. This is a recurring deposit account. But I am not sure whether tax deduction at source is applicable on iWish or not. Can anybody help on this please?

    #48047

    To the best of my knowledge, tax deduction at source is not applicable on recurring deposits for any bank in India. ICICI bank’s iwish account is a recurring deposit account, the same goes for it as well.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.