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Thursday, June 2, 2016

Agent commission changes

From: FSI (CBS) Team, CEPT <>

Date: 1 June 2016 at 16:04

Subject: Draft: Agent commission changes

Dear CPC Teams,
TDS percentage on Agent Commission is changed to 5%  (from 10%) with effect from 01/06/2016. This change is configured in Finacle.

Please do not raise tickets stating lesser TDS is getting calculated. 

In the case of back-value dated transactions for which 10% TDS is already accounted for, necessary error entries & accounting should be carried out.

Thanks & regards,

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