State Bank of India offer a 1.5% easy access business savings account.
With the tax-free portion of dividends being reduced to 5k + salary in April, it makes sense to save your money in the business as efficiently as possible. The previous method of pulling out your war chest (under the higher limit) to invest elsewhere is no longer an option with the 7% tax.
Anyone had experience with this bank? They seem to offer the best easy access returns but what is their website like, how long do transfers take, what was it like for you to set the account up?
With the tax-free portion of dividends being reduced to 5k + salary in April, it makes sense to save your money in the business as efficiently as possible. The previous method of pulling out your war chest (under the higher limit) to invest elsewhere is no longer an option with the 7% tax.
Anyone had experience with this bank? They seem to offer the best easy access returns but what is their website like, how long do transfers take, what was it like for you to set the account up?
Comment