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Current/Check/Savings Account and Fixed Deposit Termswww.sc.com/zw Copyright 2015 Standard Chartered Bank Zimbabwe LimitedV1 2015Contents1 2 3 4 5 6 7 8 9 10 11Choosing the account that is right for
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Current, cheque, savings account, and fixed deposit are types of bank accounts that differ in terms of accessibility, interest rates, and minimum balance requirements.
Individuals who hold these accounts and earn income from interest are required to report them on their tax returns.
You can fill out the details of these accounts on the appropriate sections of your tax forms, providing accurate information about the income earned.
The purpose of these accounts is to provide individuals with a safe and convenient way to manage their finances and earn interest on their savings.
You must report the total interest income earned from these accounts during the tax year.
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