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Old 4th November 2016, 12:47 PM
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Default TDS on FD in SBI

Hi buddy do you have info about TDS on FD State Bank of India (SBI), if yes then will you plz tell me about the same ??
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Old 4th November 2016, 01:23 PM
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Join Date: Mar 2013
Default Re: TDS on FD in SBI

State Bank of India (SBI) is a government-owned corporation with its headquarters in Mumbai, Maharashtra.

TDS on fixed deposits is liable to have a deduction of 10% by the bank in india and in SBI reference TDS at prevalent Income tax rate is deducted if Form 15G/15H not submitted.

Bank profile:
Type Public company
Traded as NSE: SBIN
BSE: 500112
LSE: SBID
BSE SENSEX Constituent
CNX Nifty Constituent
Industry Banking, financial services
Founded 2 June 1806, Bank of Calcutta
27 January 1921, Imperial Bank of India
1 July 1955, State Bank of India
2 June 1956, nationalization
Headquarters Mumbai, Maharashtra, India
Area served Worldwide
Key people Arundhati Bhattacharya
(Chairperson)
Products Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, asset management, wealth management, credit cards,
Revenue 2.7287103 trillion (US$41 billion) (2016)
Profit 127 billion (US$1.9 billion) (2016)
Total assets 20.480 trillion (US$300 billion) (2014-15)
Owner Government of India
Number of employees 293,469 (2016)
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