The Government proposes to promote the recurring deposits scheme. It takes various measures on continuous basis to promote and popularize all small savings scheme including Post Office Recurring Deposit Scheme through electronic and print media as well as holding seminars, meetings and providing training to the various agencies involved in mobilizing deposits under these schemes. At present, no TDS is deducted on Post Office Recurring Deposit Scheme.

 This was stated by Shri Jayant Sinha, Minister of State in Ministry of Finance in written reply to a question in the Lok Sabha today.

TDS on recurring deposits remains not deducted for Post Office Recurring Deposit Scheme, affirmed in government statement. The current tax position is that TDS is not deducted on the Post Office Recurring Deposit Scheme. This non-deduction stance was communicated by the Ministry of Finance in a written parliamentary reply, identifying the operative tax treatment for deposits under the Post Office Recurring Deposit Scheme without indicating an affirmative change to withholding obligations.