Government service tax on forex conversion rate

Code of Bank’s Commitment government service tax on forex conversion rate Customers :Jan. Revision of Interest rate on Savings Bank Deposits wef 16.

Aggregate value of deposits placed on the day for an identical tenor will be reckoned for deciding applicable interest rate. Senior Citizen Accounts: For Domestic Term Deposit for Senior Citizens, additional rate of interest payable would be 0. The additional rate would be offered on deposits of 15 days to 10 years over the card rate in respect of Short Term Deposits, Fixed Deposits and Reinvestment Plan Schemes. 1988 Scheme is not eligible for this benefit. Similarly in the case of term deposits standing in the name of an HUF, the Karta of the HUF is not eligible for higher rate of interest, even if he is a senior citizen, as the beneficial owner of the deposit is the HUF and not the Karta in his individual capacity.

The revised interest rates on domestic term deposits are applicable only to fresh deposits and on renewal of maturing deposits. All other terms and conditions remain unchanged. Incremental balance over `50 lakhs . Incremental balance over Rs 50 lakhs . No penalty to be levied for pre closure of deposits provided the deposit has been retained for atleast 181 days i.

For deposits closed before 181 days, eligible rate will be the applicable card rate for the actual period run prevailing on the date of deposit less 1. Eligible rate will be the applicable card rate for the actual period run prevailing on the date of deposit less 1. Discretion to disallow foreclosure of large value Term Deposits opened on or after 07. 2015 : Bank may at its discretion disallow withdrawal of large value Rupee Term Deposits of Rs.

00 crore and above, before completion of the deposit period agreed upon at the time of placing the deposit. NRE term deposits should be opened for a minimum term of one year. No interest is payable on NRE term deposits pre-closed before one year from the date of opening of the said deposit. Interest rates on NRE deposits cannot be higher than those offered on comparable domestic rupee term deposits.

NRE term deposit, pre-closure of such deposits is not permitted. The politics of Iran take place in a framework of a theocracy in a format of syncretic politics that is guided by Islamic ideology. The neutrality of this section is disputed. Relevant discussion may be found on the talk page. The early days of the revolutionary government were characterized by political tumult.

The Islamic Republic Party was Iran’s ruling political party and for years its only political party until its dissolution in 1987. The Iranian Government is opposed by several Militias, including the Mojahedin-e-Khalq, the People’s Fedayeen, and the Kurdish Democratic Party. The Supreme Leader is appointed and supervised by the Assembly of Experts. Guardian Council, half of whose members are selected by the Supreme Leader of Iran.