Customer would need to submit a duly signed application for the same. Along with the application form, a valid ID proof copy, a personalized cancelled cheque (with name printed) is to be submitted. If cheque is not personalized, then bank account statement is needed.
There will be absolutely no changes for the existing deposits as we are obliged to pay the contracted rate till its maturity as per the current rules. The revised rates will apply only to fresh deposits and renewals made on or after the date from which
If the estimated annual interest paid/credited or likely to be credited/paid on the deposit/s exceeds or is likely to exceed ₹5,000 /- during the financial year (i.e. year 2019-20), it is obligatory on the part of the deductor of tax to deduct income tax at
TDS certificate in Form 16A will be generated by the company from the TDS Centralized Processing Cell portal website of TDS Reconciliation Analysis and Correction Enabling System (("TRACES") and the same will be authenticated by means of digital signature. TDS certificate in Form 16A are
The address printed on the TDS certificate will be the address registered with Income Tax Department at the time when you had made an application for PAN. If your current communication address is different from the address given for PAN card application then please change
Yes. The prematurity payment norms are as under: Upto 6 months from the date of deposit/ renewal No interest* After 6 months but before the date of maturity The interest payable shall be 1% lower than the interest rate applicable to a deposit for the period for which the deposit
As per the provisions of income tax, every person receiving any sum or income from which tax would be deducted should furnish his PAN to the person deducting the tax. Please note if PAN is not furnished then form 15G/H or any other Exemption Certificate
No. Deposit will be paid back only to the corresponding bank account updated in the records of MFPL
Yes. The payment can be sent directly to the depositor’s bank.
Subject to the FD scheme being open, the deposit may be renewed on maturity by submitting a duly filled fresh FD Application Form. It is necessary that the fresh FD Application Form should be submitted along with the duly discharged old FD receipt with revenue