Fixed Deposit FAQS

Fixed deposit without PAN

What are the implications of booking a Fixed Deposit without PAN?

  • Fixed Deposit without PAN

In the absence of PAN Card, following are the implications for customers:

  • TDS will be recovered at 20% (as against 10%).
  • NO TDS credit from the Income Tax department.
  • NO TDS certificate will be issued (As per CBDT circular no: 03/11).
  • Form 15G/H and other exemption certificates will be invalid and penal TDS will apply.

See More


    © 2017 IDFC Bank.

    all rights reserved


Connect PCI DSS
Security Compliant