Appointment and Delisting of Brokers
The Reserve Bank of India outlines the procedures for the enrollment and registration of brokers, as well as the appointment of sub-agents by Agency banks.
Brokers can be delisted as per the guidelines outlined in the circular.
Payment and Rates of Brokerage for Savings Bonds
The circular specifies the rates of brokerage for Savings Bonds.
No Tax Deduction at Source (TDS) is applicable on the payment of brokerage.
Brokerage claims are subject to certain guidelines and procedures, which are outlined in the circular.
Chat with the Master Circular: