Diffrence between FD'R and Sweep In
This query is : Resolved
19 September 2023
what are difference between
FDR's and Sweep In.
is TDS applicable on both interest received.
FDR's and Sweep In.
is TDS applicable on both interest received.
19 September 2023
TDS is applicable in both of interest as per nature.
28 September 2023
FDR - This is Fixed Deposit Receipt
Sweep In - Generally means the FD created is not a static and rather flexible which we can pull out money as and when required
There will a SWEEP IN entry each time we withdraw amount from such FD and we will be paid interest for that amount for the no of days we have kept with bank. Yes TDS will be deducted on any such interest credits as applicable
Sweep In - Generally means the FD created is not a static and rather flexible which we can pull out money as and when required
There will a SWEEP IN entry each time we withdraw amount from such FD and we will be paid interest for that amount for the no of days we have kept with bank. Yes TDS will be deducted on any such interest credits as applicable
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