Happy New Year to all our readers. Thanks to you, this has become one of the top blogs for fixed deposits in India.
Effective January 1st, all FD applications will require your PAN information. Previously, you were required to submit PAN, only under the following circumstances:
1. The amount deposited was greater than Rs. 50,000/-
2. The interest in the year, was likely to exceed Rs 5000/-
3. The company accepting the FD, mandated PAN information.
Starting today, please provide your PAN number on all your new FD applications.
All ? Even if the duration of FD is less than 5 years or less than 1 yr ?
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