Press Information Bureau
Government of India
Ministry of Finance
24-April-2015 17:47 IST
Government of India
Ministry of Finance
24-April-2015 17:47 IST
TDS on Recurring Deposits
The Government
proposes to promote the recurring deposits scheme. It takes various measures on
continuous basis to promote and popularize all small savings scheme including
Post Office Recurring Deposit Scheme through electronic and print media as well
as holding seminars, meetings and providing training to the various agencies
involved in mobilizing deposits under these schemes. At present, no TDS is
deducted on Post Office Recurring Deposit Scheme.
This was stated by
Shri Jayant Sinha, Minister of State in Ministry of Finance in written reply to
a question in the Lok Sabha today.
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