Is TDS applicable on ICICI bank’s iWish account

[Sameer Kapoor]

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?

[samkapoor77]

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.

[Author]

Posts