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Double Taxation Avoidance Agreement
Double Taxation Avoidance Agreement (DTAA) is a bilateral agreement that the Government of India has with certain foreign countries to promote and foster economic trade and investments between these countries. The advantage under this agreement is that rate of taxes deducted on the interest earned on Non-Resident Ordinary Deposits and Non-Resident Ordinary savings account may be lower than the normal applicable rate of taxes deducted at source.
DTAA benefit is available on IDFC Bank NRO Savings, NRO Fixed Deposits & NRO Recurring Deposits.
To update DTAA details with the bank please provide the following documents:
Please e-mail the signed forms & self-attested copies of documents to email@example.com or submit it at the nearest IDFC Bank Branch.
Please refer to the table below to understand the benefits of Double Taxation Avoidance Agreement: