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Query regarding fd

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 June 2013 If a person has an a/c with axis bank and if he makes an fd of 60000 with bank then entry will be fd a/c Dr
To Axis bk A/c
so in this case whether the fd of 60000 will be shown in axis bank statement as withdrawal?

05 June 2013 yes. withdrawal only. since you are utilising the money for making FD


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