https://www.taxtmi.com/article/detailed?id=9193 Proposal creates a bank product linking a mandatory fixed deposit to a zero balance savings account and an automatically generated overdraft account secured by a lien of 90-95% of the deposit; KYC is completed at account opening. The linked savings account offers standard cheque and ATM access, free SMS, normal savings interest crediting, and overdraft usage after savings are exhausted. Overdraft interest is charged monthly at a margin above the fixed deposit rate, and incoming credits first repay overdraft before appearing as savings balance. en-us Wed, 20 May 2020 09:22:34 +0530 Wed, 20 May 2020 09:22:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9193 Proposal creates a bank product linking a mandatory fixed deposit to a zero balance savings account and an automatically generated overdraft account secured by a lien of 90-95% of the deposit; KYC is completed at account opening. The linked savings account offers standard cheque and ATM access, free SMS, normal savings interest crediting, and overdraft usage after savings are exhausted. Overdraft interest is charged monthly at a margin above the fixed deposit rate, and incoming credits first repay overdraft before appearing as savings balance. Articles Other Topics Wed, 20 May 2020 09:22:34 +0530 https://www.taxtmi.com/article/detailed?id=9193