SIVAGAMI RAMASAMY Deposit Account No : 300010455688

45/4 PAKKIRIPALAYAM STREET,,PUDUPATTAI POST, THORAPADI,, Cust ID of 1st Applicant : 15386784

PUTHUPET,ORAIYUR B.O-TIRUCHY Deposit Branch Name : CUDDALORE
TAMIL NADU NO-13A, NETHAJI ROADMANJAKUPPAM, CUDDALORE - 607001,PONDICHERRY,
607108 TAMIL NADU 612001
Phone Nos:

Account Title : SIVAGAMI RAMASAMY PAN No. : EEWPR1829Q

Nominee Name : Nominee not Registered Deposit Type : FUN TENURE QUARTERLY PAYOUT FD
Joint Holder # 1: N/A
Joint Holder # 2: N/A

Deposit Deposit Period Rate of Maturity Maturity

Amount Start Date of Deposit Interest (% p.a.) Date Amount(INR)

5000.00 2024-08-09 444 Day(s) 8.50 27-Oct-2025 5000.00

Deposit Amount (in Words) : INR FIVE THOUSAND ONLY

Maturity Instructions : AUTO REDEMPTION
Interest Payment Frequency : QUARTERLY
Mode Of Operation : Single Nomination : NOT REGISTERED

This is only a Deposit Advice. For original Deposit Confirmation, please contact your nearest branch.
 Terms & Conditions applicable) to the effect that the tax on his • In case of joint deposits with a survivorship • As per the Terms & Conditions of fixed
• Equitas Small Finance Bank computes interest estimated total income for the year in which clause, the Bank shall be discharged by paying deposit accounts of the bank, the penalty on
based on 365 days per year, for all years including such interest income is to be included in survivor/s, on request, in the event of death of premature closure of fixed deposits has been
Leap Year. computing his total income will be Nil. This is one or more Joint Depositor case of premature fixed by the bank at the rate of 1%.
• Tax Deduction at Source(TDS) subject to PAN availability on bank records. signatories to the deposit However, premature penalty will not be
TDS rates will be as applicable from time to time as •. The maximum Interest not charged to tax • In the case of premature encashment, all applicable for FDs which have completed a
per the Income Tax Act, 1961 and Income Tax during the financial year where form 15 G/H signatories to the deposit must sign the tenor of more than 180 days and is not a
rules. The current rates applicable for TDS would is submitted is as below: encashment instruction. BULK deposit ( FD booked for < Rs. 1 crore
be displayed by the Bank on its website. a. Upto Rs 3,00,000/- for residents of India below • All premature encashment will be governed by on or before 28 Feb 2019 & < Rs. 2 crore
Currently, TDS is deducted when aggregate interest the age of 60 years or a person (not being a rules of Reserve Bank of India prevalent at the booked on or after 1st March 2019 & < Rs. 3
payable or reinvested across all deposits with the company or firm). Upto Rs,7,00,000 for senior time of encashment crore booked on or after 7th June 2024).
bank, per customer exceeds Rs. 40,000/-for citizen residents of India who are at the age of • Premature withdrawal of fixed deposit booked • In case of death of the primary holder of the
residents of India below the age of 60 years and Rs. 60 years or more at any time during the FY on or before 28th Feb 2019 for amount equal to fixed deposit prior to the maturity date,
50,000/- for senior citizens in a Financial Year. submitted by customer in Triplicate copy to the or above Rs. 1 crore will not be allowed, further premature termination of the deposit would
Further, TDS is deducted at the end of the financial bank, for submitting one copy to Income Tax Premature withdrawal of fixed deposit booked be allowed as per the terms of contract
year on interest accruals if applicable. Department, One copy for use by branch and on or after 1st March 2019 for amount equal to subject to necessary verifications and
a. If interest amount is not sufficient to recover the third copy to be returned to the customer or above Rs. 2 crore will not be allowed. submission of proof of death of the
the TDS amount the same may get recovered with Branch seal as an acknowledgment copy. Premature withdrawal of fixed deposit booked depositor. Such premature withdrawals will
from the principal amount of Fixed Deposit. b. A fresh Form 15G/15H needs to be submitted on or after 7th June 2024 for amount equal to or not attract any penal charge.
b. In the case of renewed deposits, the new in each new Financial Year by the start of the above Rs. 3 crore will not be allowed. • This fixed deposit receipt needs to be
deposit amount consists of the original deposit Financial Year. In case form of 15G/H is • As per income tax laws, if the aggregate submitted in original to the bank to liquidate/
amount plus Interest less Tax Deducted at submitted post interest payout/credit, waiver amount of the deposits) held by a person with renew the fixed deposit, failing which the
Source(TDS) if any, less compounding effect shall be effective from the day next to the the branch either in his own name or jointly fixed deposit will be under overdue deposits.
on TDS. For reinvestment deposit, the interest interest payout / credit immediately preceeding with any person on the date of repayment • Bulk Fixed Deposit: All fixed deposits
reinvested is post TDS recovery and hence the the date of submission of form 15G/H. together with the interest at payable is equal to booked for a value of 3 crore and above
maturity amount for reinvestment deposits c. Form 15G/H needs to be submitted for every or exceeds Rs. 20,000/- then the amount will be will be treated as bulk deposit with effect
would vary to the extent of tax and deposits booked with bank for tax exemption paid by bank draft drawn in the name of deposit from 7th June 2024.
compounding effect on tax for the period d. The bank shall not be liable for any holder or by crediting the savings/current • Non-Callable Fixed Deposit Booked Under
subsequent to deduction till maturity. consequences arising due to delay or non account of the deposit holder. Bulk or Retail, cannot be redeemed till the
c. As Per Section 139A(5A) of the Income Tax submission of Form 15G/Form 15H. • Partial Premature Withdrawal and sweep-in completion of maturity period.
Act, every person receiving any sum of income e. To enable us to serve you better kindly submit facility is not allowed for fixed deposits booked • Overdraft against such Non-callable will be
or amount from which tax has been deducted the Form No. 15G/15H latest by April 1st of under preferential rates. at the sole discretion of the bank
under the provisions of the Income Tax Act the new FY. • Interest on pre-mature deposits withdrawn • In case of any discrepeancy observed in the
shall provide his PAN number to the person Note: The above is subject to change as per before the maturity date shall be as under: details of the fixed deposit, please contact us
responsible for deducting such tax. In case directives of Finance Ministry Govt. of India. Interest shall be paid at the rate applicable to within 15 days of receipt of this FD advice.
your PAN is not updated with the Bank or is • Automatic Renewal the amount and period for which the deposit • Received payment of Principal+ Interest (as
incorrect; please visit your nearest Equitas • We will be happy to renew your deposit, unless remained with the bank and not at the applicable)
Small Finance Bank branch to submit your we hear from you to the contrary, for the same contracted rate. No interest shall be paid, where • Partial Premature Withdrawal not allowed
PAN details. In case the PAN number is not period as the original deposit, at the prevailing premature withdrawal of deposits takes place for FDs booked monthly payout
provided to the Bank as required, the bank rate of interest. before completion of the minimum period • Incase of monthly deposit scheme, the
shall not be liable for the non availment of the • Premature Encashment specified in section 7(a)(i) of Master Directions interest will be calculated for the quarter and
credit of Tax deducted at Source and non • In the event of death of one of the joint account on interest rates on Deposits-RBI. paid monthly at the discounted value.
issuance of TDS certificate. holders, the right to the deposit proceeds does • Minimum period of the NRE Fixed Deposits
d. No deductions of tax shall be made from the not automatically devolve on the surviving joint is 1 year. No Interest would be paid if the
taxable interest in the case of an individual deposit account holder, unless there NRE deposit is pre-closed before the
resident in India, if such individual furnishes to survivorship clause. completion of the first 12 months.
the bank, a declaration in writing in the ________________________________________________
prescribed Form (Form 15G/Form 15H as signature