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Jay   21 March 2022

What should bank mitra do on receiving notice of high-value transactions from it department

Generally Bank Mitra's are connected to bank and have current account for withdrawal and deposit. They do Adhar based(AEPS) transaction in rural areas to help people to avoid frequent visit. The withdraw amount from their current account and it get deposited back gain to current account when a customer withdraw from POS based AEPS device.


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G.L.N. Prasad

G.L.N. Prasad (Retired employee.)     21 March 2022

The Bank is supposed to recover TDS if the commission per annum is taxable and they provide such commission statements every year.  Please do not apprehend such actions by IT and contact a local CA for precise guidance.


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