Question:

Can the maturity amount of the India HDFC Bank deposit reduce due to TDS ?

by Guest22733851  |  8 years, 6 month(s) ago

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Due to TDS, Can the maturity amount of the India HDFC Bank's deposit reduce

 Tags: Amount, bank, deposit, due, HDFC, India, maturity, reduce, TDs

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  1. Banking Expert
    Yes, in case of reinvestment deposits ,the interest reinvested is post TDS recovery & hence the maturity amount for re-investment deposits would very to the extent of tax and compounding effect on tax for the period subsequent of deduction till maturity.

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