Ending Tax Deduction Scheme for Interest (TDSI) at 5th April 2016.
05 Apr 2016
From 6th April 2016 Bank of Baroda, UK Branches will no longer be deducting tax at source from savings in UK. Gross Interest will be paid on interest payments payable in UK on or after 6th April 2016.
R85 and R105 forms will no longer be required to be submitted to the Bank in UK with effect from 6th April 2016.
For Details refer to HMRC TDSI Bulletin Number 46/HMRC website www.gov.uk.
About Bank of Baroda
It has been a long and eventful journey of almost a century across 25 countries. Starting in 1908 from a small building in Baroda to its new hi-rise and hi-tech Baroda Corporate Centre in Mumbai, is a saga of vision, enterprise, financial prudence and corporate governance.
It is a story scripted in corporate wisdom and social pride. It is a story crafted in private capital, princely patronage and state ownership. It is a story of ordinary bankers and their extraordinary contribution in the ascent of Bank of Baroda to the formidable heights of corporate glory. It is a story that needs to be shared with all those millions of people - customers, stakeholders, employees & the public at large - who in ample measure, have contributed to the making of an institution.