| FAQ Category | Sr. No | FAQ | Answer |
| Rate of TDS, applicable date | 1 | From when will the revised TDS deduction be applicable? | It will be applicable from May 14, 2020. |
| 2 | Is there any change in the way TDS is calculated? | There is no change in the way TDS is calculated. Only rate of TDS has got changed from 10% to 7.50%. | |
| 3 | How will you calculate my TDS? | The TDS will be calculated @10% for the interest paid out during the period April 01, 2020 to May 13, 2020 and @7.50% for interest being paid w.e.f. May 14, 2020 till March 31, 2021. | |
| 4 | If there is no TDS deducted on my FDs til date and if in future my interest income is eligible for TDS, then how will you deduct TDS? | In such a case, your TDS will be deducted @7.50% on interest earned by you for the entire financial year, i.e. April 01, 2020 to March 31, 2020. | |
| 5 | How long will I get this benefit? | This is applicable till March 31, 2020. | |
| Eligibility of TDS | 6 | I have not submitted PAN. Will I get the benefit? | No concession in TDS is available for you. The TDS will be deducted at the present rate of 20% under section 206A of the Income Tax. |
| 7 | Is revised TDS applicable to Non-Resident customers? | No. It is applicable only for Resident customers. | |
| 8 | Is revised TDS applicable to non-individuals like private limited, partnerships, HUF etc? | Yes the revised TDS rate of 7.50% is applicable for non-individual entities as well. | |
| 9 | Is there a TDS rate deduction on cash withdrawals also? | There is no change in calculation of TDS on cash withdrawals. Applicable rate would be 2%. | |
| TDS Certificate/15 H G | 10 | Will I get a bifurcation of TDS deducted by you @10% and @7.50%? | Yes, we will provide you with the break up on request. |
| 11 | When will I get my TDS certificates? | In normal circumstances, within 45 days from the close of previous quarter. For example, for quarter ending June 30, 2020, you can expect the TDS certificate to reach you by August 15, 2020. | |
| 12 | Is there a change in TDS threshold for interest income? | No change in the threshold as of now. | |
| 13 | By when can I submit my form 15G/H for this financial year? | You may submit this by June 30, 2020 FAQs. |
Notifications
Branch Relocation
Our Solapur branch will be relocating to RBL BANK Limited, Sr No 01 Ground Floor H.R. Heights Duffrin Chowk ,Solapur – 413001. w.e.f. December 16, 2024.
Our Kagal branch will be relocating to RBL BANK Limited, Upper Ground Floor, R S No.532, Shree Prabha, Behind Ganesh Mandir, Ring Road, Kagal, Dist- Kolhapur – 413001. w.e.f. December 30, 2024.
Linking PAN with Aadhaar
Last date to link PAN with Aadhaar was June 30, 2023. Link your PAN with Aadhaar & Avoid your PAN from becoming inoperative!
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