Dear Sir,
I have Home loan from IDBI bank under name Home Loan Interset Saver Scheme, similar to SBI Maxgain Home loan Scheme.
Bank has opened Flexi current account which is linked to my homelaon account and the direct debit of EMI take place from my current current. My interest amount gets saved when i park any surplus amount in this current account.
My question : When I park surplus amount in this flexi current account , will be there any income tax implication under preavailing tax rules?
Kindly give me your suggestions.
Thanks,
Syed
