TDS threshold on bank time-deposit interest raised, with exemption computed per bank or co operative branch. Amendment raises the withholding threshold under section 194A(3) for interest on time deposits with banking companies and co operative societies, with the exempt amount computed branch wise. It replaces clauses to treat deposits other than time deposits separately and covers deposits with primary agricultural credit societies, primary credit societies, co operative land mortgage and development banks, and other co operative societies engaged in banking. An Explanation defines time deposits as deposits excluding recurring deposits, repayable on expiry of fixed periods.