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Query regarding fd

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 June 2013 If a person has an a/c with axis bank and if he makes an fd of 60000 with bank then entry will be fd a/c Dr
To Axis bk A/c
so in this case whether the fd of 60000 will be shown in axis bank statement as withdrawal?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
05 June 2013 yes. withdrawal only. since you are utilising the money for making FD

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