Kapil left a comment informing everyone that Â Edelweiss Brokerage isÂ offering an opportunity to its account holders to apply for the SBI bonds online, and I thought it was a useful enough piece of information to be shared in a full post of its own.
Applying online is far more convenient than hunting for a bank branch because other readers have emailed to tell me that not every SBI branch has the forms, and some SBI employees don’t even know about the issue, and aren’t even able to point to where someone might get a form.
I haven’t come across a list of branches that will be have these application forms, so if you know of any then please leave a comment as a lot of folks are looking for that info.
Now on to something totally different.
TDS on SBI Bonds
Shiv shared another bit of useful information about TDS being applicable on the SBI bonds if the interest earned is more than Rs. 10,000.
I was not sure about this aspect because it was my understanding that TDS is not applicable to bonds issued only in Dematerialized form, but the prospectus does talk about TDS, so I wasn’t sure how this was going to work out.
Matters related to taxation always leave me scratching my head.
Any input you have on other brokerages allowing their customers to apply for the SBI bonds online, or about where one could get a form even if it is just one branch that you know about is much appreciated. Please leave a comment, and someone else might benefit from your knowledge.