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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) |