Withdrawal
You can instantly withdraw upto 90% of your total value or Rs. 50,000 (whichever is lower) from Big Savings Account 24*7.
If the amount exceeds 90% or Rs. 50,000, redemption proceeds will be credited to your bank account on next working day.
The amount withdrawn will get deposited in your bank account within 30 minutes.
To invest, visit Big Savings Account section from the menu.
The entire amount is not taxable. Only the capital gains once withdrawn is taxable depending on the tax slab, investment period and the amount withdrawn.
To invest visit, Big Savings Account section from the menu.
For withdrawals within 1 year of investing, STGC tax is payable at 15% or as per the tax-slab. For withdrawals after twelve months of investing, 10% LTCG tax is payable when the capital gain is more than Rs. 1 Lakh.
