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19 Comments

  1. Hello Mr. Santanu,

    I would like to ask a question, I am an NRI working in saudi arabia. I have a total saving of 30lakhs in SBI account. I am thinking of placing in FD for 2 years where the rate of interest is 7.5%. I would like to invest in share market monthly.

    My question is, there is TDR (Non-Cumulative – Interest paid at selected intervals), where the interest rate is written as fixed interest. What will be the value if it is fixed interest. And i want my interest payout as monthly so that i could invest that amount in Stock market directly. Since i am NRI i dont have pay any tax on the FD interest i think. Please kindly suggest me your views. And i want to know what is that fixed interest rate of interest if it is monthly payout.

    Thanks in advance for the great job of clearing us.

    Regards,

  2. As a uk NRI I cant just create/open a FD online. There is an error message saying that contact the branch. Branch and the tech helpline have tries so many things but doesnt work? this has been going on for last 8 months.!! for the 5 lakh I am putting 500000 without any comma and space. Do you think I need to write in a different way? What could be the problem??

  3. Hello Santanu,

    I want a suggestion regarding investment.
    please tell me the best investment for BOY child’s for education and development, i can invest Rs.5000 and below every month and through this i want to reduce my tax deduction.
    Waiting for your valuable suggestion.

    Thanks,
    Sravanthi

    1. I don’t know why you have specified investment for boy? Whether its a boy or girl, if the investment horizon is more than 15+ year then I would recommend you to start SIP with any of the robo advisers in India in tax saving ELSS funds. I have started the same with FundsIndia.

  4. Hi Shantanu,
    Thanks for all the information. I have opened an e-stdr at SBI online. Since receipt is not available online and I am currently leaving outside the city where I have the account, which information I CA submit for tax exemption?

  5. Hi,
    can u explain about blow things in detail………..

    1) Auto renew Principal and Interest
    2) Auto renew Principal and repay Interest
    3) Repay Principal and Interest

    i m wating……………

  6. Hello Santanu,

    Hi, Santanu…it would be great if you please explain to me how the following options work:
    1) Auto renew Principal and Interest
    2) Auto renew Principal and repay Interest
    3) Repay Principal and Interest

    I would be very helpful if you can include the explanations for these in the article itself 🙂

    Reply

  7. Hello Santanu,

    I really wanted to know about these options:
    1) Auto renew Principal and Interest
    2) Auto renew Principal and repay Interest
    3) Repay Principal and Interest

    I would be very helpful if you can include the explanations for these in the article itself 🙂

    1. Dear Sir,

      I am account holder of SBBJ saving account and using internet banking facilities . I have invest in e TDR fix deposit account and choose tenure 3560 means 10 yrs and select interest period monthly . Please tell me monthly interest paid or funded my saving account or e TDR fix account . I want to collect monthly interest amount into my saving account which is using internet banking facility .
      Kindly tell me another question that If I create e RD account by the use of internet banking facility then first installment will be deducted my saving account and same next periodic installment amount can be automatically deducted or transfer into e RD account.Please suggest me…

    1. Hi Pal,

      I didn’t get yor question. In case your income including the interest earned on FD is not taxable, but the TDS is deducted from FD then you can use 15H or 15G to claim that TDS amount.

      Kindly let me know if your question is still un-answered or not.

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