Notice for Depositors

As per Income Tax Act 1961 a new provision relating to tax deduction at source (TDS) has become applicable w.e.f. 01/04/2010, under which it is obligatory for every person, who is liable for deduction of TDS on interest on deposit, to furnish a copy of PAN card. If the PAN card is invalid or does not belong to the deductees, TDS is required to be deducted @ 20% or at the rate which is in force, whichever is higher in all cases, whereas the TDS applicable for customers having PAN cards is currently 10% only.

Customers may note that, your Bank is providing service of issuance of PAN Card. Hence this facility may avail to save in TDS deduction.

Key Announcements

Know Your Balance through Missed

VSV Bank customer’s call from their
Regiseterd Mobile for knows their
Account Balance.
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Registered Mobile

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