{"id":5335,"date":"2022-06-29T04:50:42","date_gmt":"2022-06-29T04:50:42","guid":{"rendered":"https:\/\/bankkaro.com\/blog\/?post_type=web-story&#038;p=5335"},"modified":"2022-06-29T05:22:35","modified_gmt":"2022-06-29T05:22:35","slug":"tds-crypto-trades-july-india","status":"publish","type":"web-story","link":"https:\/\/bankkaro.com\/blog\/web-stories\/tds-crypto-trades-july-india\/","title":{"rendered":"1% TDS on crypto trades from July 1: Here are the details"},"content":{"rendered":"<p><html amp=\"\" lang=\"en\"><head><meta charSet=\"utf-8\"\/><meta name=\"viewport\" content=\"width=device-width,minimum-scale=1,initial-scale=1\"\/><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0.js\"><\/script><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0\/amp-story-1.0.js\" custom-element=\"amp-story\"><\/script><link href=\"https:\/\/fonts.googleapis.com\/css2?display=swap&amp;family=Roboto%3Awght%40400%3B700\" rel=\"stylesheet\"\/>\n<style amp-boilerplate=\"\">body{-webkit-animation:-amp-start 8s steps(1,end) 0s 1 normal both;-moz-animation:-amp-start 8s steps(1,end) 0s 1 normal both;-ms-animation:-amp-start 8s steps(1,end) 0s 1 normal both;animation:-amp-start 8s steps(1,end) 0s 1 normal both}@-webkit-keyframes -amp-start{from{visibility:hidden}to{visibility:visible}}@-moz-keyframes -amp-start{from{visibility:hidden}to{visibility:visible}}@-ms-keyframes -amp-start{from{visibility:hidden}to{visibility:visible}}@-o-keyframes -amp-start{from{visibility:hidden}to{visibility:visible}}@keyframes -amp-start{from{visibility:hidden}to{visibility:visible}}<\/style>\n<p><noscript><\/p>\n<style amp-boilerplate=\"\">body{-webkit-animation:none;-moz-animation:none;-ms-animation:none;animation:none}<\/style>\n<p><\/noscript><\/p>\n<style amp-custom=\"\">\n              h1, h2, h3 { font-weight: normal; }<\/p>\n<p>              amp-story-page {\n                background-color: #131516;\n              }<\/p>\n<p>              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Neue\", sans-serif;;\n                font-size: calc(4 * var(--story-page-vw));\n                line-height: 1.4;\n                word-break: break-word;\n                word-wrap: break-word;\n                overflow-wrap: break-word;\n              }\n              <\/style>\n<p><meta name=\"web-stories-replace-head-start\"\/><title>1% TDS on crypto trades from July 1: Here are the details<\/title><link rel=\"canonical\" href=\"https:\/\/bankkaro.com\/blog\/?post_type=web-story&amp;p=5335\"\/><meta name=\"web-stories-replace-head-end\"\/><\/head><body><amp-story standalone=\"\" publisher=\"BankKaro Blog\" publisher-logo-src=\"https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/05\/Bk-Story.png\" title=\"1% TDS on crypto trades from July 1: Here are the details\" poster-portrait-src=\"https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/cropped-jeremy-bezanger-9opiHRPIvR0-unsplash-scaled-1.jpg\"><amp-story-page id=\"209de72d-dd18-4d04-8c11-e682971763dc\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#1263ff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-a1f92ea7-4d06-4612-b4f5-f25877b3e17e\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:12.86408%;top:3.8835%;width:73.54369%;height:16.82848%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6600660066006601% 0.6600660066006601% 0.6600660066006601% 0.6600660066006601% \/ 1.9230769230769231% 1.9230769230769231% 1.9230769230769231% 1.9230769230769231%\" id=\"el-6d87b4ce-828b-480e-b1f0-1ce86ab0ab17\">\n<h2 id=\"1-tds-to-be-levied-on-crypto-trades-from-july-1-in-india\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.08763407590759031% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.474110em;line-height:1.19;text-align:center;padding:0;color:#000000\"><span><span style=\"font-weight: 700; color: #fff\">1% TDS to be levied on crypto trades from July 1 in India<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:16.01942%;top:66.01942%;width:67.47573%;height:10.19417%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7194244604316548% 0.7194244604316548% 0.7194244604316548% 0.7194244604316548% \/ 3.1746031746031744% 3.1746031746031744% 3.1746031746031744% 3.1746031746031744%;background-clip:content-box;background-color:#000\" id=\"el-f62169ef-019b-400b-a3de-cc3da7b4cdca\">\n<h3 id=\"all-crypto-exchanges-will-deduct-the-tax-at-source\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.11634442446043128% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.372168em;line-height:1.2;text-align:center;padding:1.4388489208633095% 2.877697841726619%;color:#000000\"><span><span style=\"font-weight: 700; color: #fff\">All crypto exchanges will deduct the tax at source<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:11.65049%;top:89.64401%;width:56.79612%;height:3.72168%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8547008547008548% 0.8547008547008548% 0.8547008547008548% 0.8547008547008548% \/ 8.695652173913043% 8.695652173913043% 8.695652173913043% 8.695652173913043%\" id=\"el-f1d938c2-1ff3-4494-a9a8-1852243238a9\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.1201923076923077% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.323625em;line-height:1.2;text-align:left;padding:0;color:#000000\"><span><span style=\"font-weight: 700\">Here are the details<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:58.49515%;top:83.81877%;width:25%;height:15.69579%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" id=\"el-70ddff7a-2912-4f8d-a5f0-c7feca47a761\"><svg style=\"display:block;position:absolute;top:0;height:100%;width:auto\" viewBox=\"0 0 18 17\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><title>Arrow<\/title><path d=\"M16.8371 7.04675L10.4371 0.24707L8.83708 1.75308L13.4942 6.70109H0.0371094V8.89842H16.0371C16.4754 8.89842 16.8718 8.63788 17.0457 8.23551C17.2195 7.83314 17.1376 7.36593 16.8371 7.04675Z\" fill=\"#F9F3E9\"><\/path><path d=\"M14.1383 9.78401L8.85498 15.3973L10.3635 17L15.6468 11.3867L14.1383 9.78401Z\" fill=\"#F9F3E9\"><\/path><\/svg><\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:15.7767%;top:27.6699%;width:67.47573%;height:25.24272%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-ffd93a99-afda-4106-bd03-ef0cc56bb9bc\">\n<div style=\"position:absolute;width:100%;height:118.86477%;left:0%;top:-9.43238%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/images.unsplash.com\/photo-1624996379697-f01d168b1a52?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHw1fHxjcnlwdG98ZW58MHx8fHwxNjU2NDc5MzQ5&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=4841&amp;h=3229&amp;fit=max\" alt=\"media\/unsplash:9opiHRPIvR0\" srcSet=\"https:\/\/images.unsplash.com\/photo-1624996379697-f01d168b1a52?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHw1fHxjcnlwdG98ZW58MHx8fHwxNjU2NDc5MzQ5&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=4841&amp;h=3229&amp;fit=max 4841w,https:\/\/images.unsplash.com\/photo-1624996379697-f01d168b1a52?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHw1fHxjcnlwdG98ZW58MHx8fHwxNjU2NDc5MzQ5&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=3872&amp;h=2583&amp;fit=max 3872w,https:\/\/images.unsplash.com\/photo-1624996379697-f01d168b1a52?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHw1fHxjcnlwdG98ZW58MHx8fHwxNjU2NDc5MzQ5&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=2904&amp;h=1937&amp;fit=max 2904w,https:\/\/images.unsplash.com\/photo-1624996379697-f01d168b1a52?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHw1fHxjcnlwdG98ZW58MHx8fHwxNjU2NDc5MzQ5&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=1936&amp;h=1291&amp;fit=max 1936w,https:\/\/images.unsplash.com\/photo-1624996379697-f01d168b1a52?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHw1fHxjcnlwdG98ZW58MHx8fHwxNjU2NDc5MzQ5&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=968&amp;h=646&amp;fit=max 968w,https:\/\/images.unsplash.com\/photo-1624996379697-f01d168b1a52?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHw1fHxjcnlwdG98ZW58MHx8fHwxNjU2NDc5MzQ5&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=340&amp;h=227&amp;fit=max 340w\" sizes=\"(min-width: 1024px) 30vh, 67vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"40a5c338-23eb-45a4-8a5b-c8255db1ac1e\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#1263ff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-520b563a-9ff5-4cda-ae5f-591531c576d7\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:14.80583%;top:2.589%;width:69.66019%;height:8.09061%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6968641114982579% 0.6968641114982579% 0.6968641114982579% 0.6968641114982579% \/ 4% 4% 4% 4%;background-clip:content-box;background-color:#000\" id=\"el-97e95088-8a7e-4bad-bfd7-f07492c46c5b\">\n<h1 id=\"background\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.11367595818815267% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.582524em;line-height:1.19;text-align:center;padding:1.3937282229965158% 2.7874564459930316%;color:#000000\"><span><span style=\"font-weight: 700; color: #fff\">Background<\/span><\/span><\/h1>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:17.96117%;top:22.49191%;width:63.34951%;height:15.21036%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7662835249042145% 0.7662835249042145% 0.7662835249042145% 0.7662835249042145% \/ 2.127659574468085% 2.127659574468085% 2.127659574468085% 2.127659574468085%;background-clip:content-box;background-color:#000\" id=\"el-e9a571f9-4db1-45c9-aca6-a43263a6b9d5\">\n<h3 id=\"certain-virtual-asset-taxation-policies-were-released-last-year\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.12931034482758566% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:1.532567049808429% 3.065134099616858%;color:#000000\"><span><span style=\"color: #fff\">Certain virtual asset taxation policies were released last year<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:20.63107%;top:49.19094%;width:58.25243%;height:19.90291%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8333333333333334% 0.8333333333333334% 0.8333333333333334% 0.8333333333333334% \/ 1.6260162601626018% 1.6260162601626018% 1.6260162601626018% 1.6260162601626018%;background-clip:content-box;background-color:#000\" id=\"el-bb87d5fe-9cd3-4c8f-97ea-2588c9b46bcb\">\n<h3 id=\"the-finance-ministry-had-proposed-taxation-on-trading-and-profits\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.14062499999999942% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:1.6666666666666667% 3.3333333333333335%;color:#000000\"><span><span style=\"color: #fff\">The Finance Ministry had proposed taxation on trading and profits<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:20.38835%;top:75.88997%;width:58.25243%;height:10.19417%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8333333333333334% 0.8333333333333334% 0.8333333333333334% 0.8333333333333334% \/ 3.1746031746031744% 3.1746031746031744% 3.1746031746031744% 3.1746031746031744%;background-clip:content-box;background-color:#000\" id=\"el-71d54a24-69da-436c-a165-83ad4b2169c2\">\n<h3 id=\"the-tds-comes-into-effect-from-july-1\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.13476562499999956% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.372168em;line-height:1.2;text-align:center;padding:1.6666666666666667% 3.3333333333333335%;color:#000000\"><span><span style=\"color: #fff\">The TDS comes into effect from July 1<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"9709233d-128b-4031-9e1c-abfc1bf0f194\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#1263ff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-fa9b621e-f669-4e90-b19f-6cf791c9b966\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:14.80583%;top:2.589%;width:69.66019%;height:15.04854%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6968641114982579% 0.6968641114982579% 0.6968641114982579% 0.6968641114982579% \/ 2.1505376344086025% 2.1505376344086025% 2.1505376344086025% 2.1505376344086025%;background-clip:content-box;background-color:#000\" id=\"el-463a5bea-6cc8-42d5-8d93-66899a3d0ecb\">\n<h1 id=\"what-has-happened\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.11367595818815267% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.582524em;line-height:1.19;text-align:center;padding:1.3937282229965158% 2.7874564459930316%;color:#000000\"><span><span style=\"font-weight: 700; color: #fff\">What has happened?<\/span><\/span><\/h1>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:17.96117%;top:25.24272%;width:63.34951%;height:14.56311%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7662835249042145% 0.7662835249042145% 0.7662835249042145% 0.7662835249042145% \/ 2.2222222222222223% 2.2222222222222223% 2.2222222222222223% 2.2222222222222223%;background-clip:content-box;background-color:#000\" id=\"el-75f54032-7776-4659-9731-5999b45d9fb8\">\n<h3 id=\"the-tds-was-announced-in-the-union-budget-2022-23\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.12392241379310305% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.372168em;line-height:1.2;text-align:center;padding:1.532567049808429% 3.065134099616858%;color:#000000\"><span><span style=\"color: #fff\">The TDS was announced in the Union Budget 2022-23<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:20.63107%;top:46.92557%;width:58.25243%;height:14.56311%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8333333333333334% 0.8333333333333334% 0.8333333333333334% 0.8333333333333334% \/ 2.2222222222222223% 2.2222222222222223% 2.2222222222222223% 2.2222222222222223%;background-clip:content-box;background-color:#000\" id=\"el-470d0c28-c03b-4e89-90ba-5bd5311f40ce\">\n<h3 id=\"it-levies-a-1-tax-on-all-virtual-asset-transfers\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.13476562499999956% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.372168em;line-height:1.2;text-align:center;padding:1.6666666666666667% 3.3333333333333335%;color:#000000\"><span><span style=\"color: #fff\">It levies a 1% tax on all virtual asset transfers<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:20.87379%;top:68.77023%;width:58.25243%;height:14.40129%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8333333333333334% 0.8333333333333334% 0.8333333333333334% 0.8333333333333334% \/ 2.247191011235955% 2.247191011235955% 2.247191011235955% 2.247191011235955%;background-clip:content-box;background-color:#000\" id=\"el-d27549ab-b745-45f1-b28b-461ccb667d5c\">\n<h3 id=\"this-is-levied-irrespective-of-profits-or-losses\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.1318359375% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.364078em;line-height:1.2;text-align:center;padding:1.6666666666666667% 3.3333333333333335%;color:#000000\"><span><span style=\"color: #fff\">This is levied irrespective of profits or losses<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"399f5075-667b-41a2-b601-b1186d9b2e0b\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#1263ff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-cc273099-2822-4219-b4e4-67f303dce6ba\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:15.04854%;top:0;width:69.66019%;height:8.25243%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6968641114982579% 0.6968641114982579% 0.6968641114982579% 0.6968641114982579% \/ 3.9215686274509802% 3.9215686274509802% 3.9215686274509802% 3.9215686274509802%;background-clip:content-box;background-color:#000\" id=\"el-2896eb0d-d3eb-4cd3-ba22-eba939b93086\">\n<h1 id=\"consequences\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.11367595818815267% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.582524em;line-height:1.19;text-align:center;padding:1.3937282229965158% 2.7874564459930316%;color:#000000\"><span><span style=\"font-weight: 700; color: #fff\">Consequences<\/span><\/span><\/h1>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:18.68932%;top:17.79935%;width:63.34951%;height:10.5178%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7662835249042145% 0.7662835249042145% 0.7662835249042145% 0.7662835249042145% \/ 3.076923076923077% 3.076923076923077% 3.076923076923077% 3.076923076923077%;background-clip:content-box;background-color:#000\" id=\"el-7e036fd3-22db-4718-8ac6-fd2637d774e9\">\n<h3 id=\"regular-crypto-traders-will-be-heavily-affected\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.12931034482758566% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:1.532567049808429% 3.065134099616858%;color:#000000\"><span><span style=\"color: #fff\">Regular crypto traders will be heavily affected<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:20.87379%;top:39.80583%;width:58.25243%;height:14.56311%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8333333333333334% 0.8333333333333334% 0.8333333333333334% 0.8333333333333334% \/ 2.2222222222222223% 2.2222222222222223% 2.2222222222222223% 2.2222222222222223%;background-clip:content-box;background-color:#000\" id=\"el-35deac95-6bb7-465c-8b2d-f3e092aba1a4\">\n<h3 id=\"a-full-buysell-transaction-will-attract-a-2-charge\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.13476562499999956% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.372168em;line-height:1.2;text-align:center;padding:1.6666666666666667% 3.3333333333333335%;color:#000000\"><span><span style=\"color: #fff\">A full (buy+sell) transaction will attract a 2% charge<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:20.87379%;top:67.63754%;width:58.25243%;height:10.19417%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8333333333333334% 0.8333333333333334% 0.8333333333333334% 0.8333333333333334% \/ 3.1746031746031744% 3.1746031746031744% 3.1746031746031744% 3.1746031746031744%;background-clip:content-box;background-color:#000\" id=\"el-0f5f235b-be8d-48d7-8682-7e7275becc7c\">\n<h3 id=\"trading-volumes-are-expected-to-go-down\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.13476562499999956% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.372168em;line-height:1.2;text-align:center;padding:1.6666666666666667% 3.3333333333333335%;color:#000000\"><span><span style=\"color: #fff\">Trading volumes are expected to go down<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"a4de9786-ddcf-4c09-bb6c-7fbb93eacd70\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#1263ff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-82e554fa-5bd0-40da-bee5-b82c03f2938a\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:14.80583%;top:2.589%;width:69.66019%;height:15.04854%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6968641114982579% 0.6968641114982579% 0.6968641114982579% 0.6968641114982579% \/ 2.1505376344086025% 2.1505376344086025% 2.1505376344086025% 2.1505376344086025%;background-clip:content-box;background-color:#000\" id=\"el-e4064f59-cd12-4991-a9e6-1114c5e9b0e9\">\n<h1 id=\"market-in-numbers\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.11367595818815267% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.582524em;line-height:1.19;text-align:center;padding:1.3937282229965158% 2.7874564459930316%;color:#000000\"><span><span style=\"font-weight: 700; color: #fff\">Market in numbers<\/span><\/span><\/h1>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:17.71845%;top:31.22977%;width:63.34951%;height:10.5178%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7662835249042145% 0.7662835249042145% 0.7662835249042145% 0.7662835249042145% \/ 3.076923076923077% 3.076923076923077% 3.076923076923077% 3.076923076923077%;background-clip:content-box;background-color:#000\" id=\"el-12303b09-8e4e-4725-8888-64913e7dd5e4\">\n<h3 id=\"crypto-asset-holdings-in-india-5-3-billion\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.1266163793103447% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.380259em;line-height:1.2;text-align:center;padding:1.532567049808429% 3.065134099616858%;color:#000000\"><span><span style=\"color: #fff\">Crypto asset holdings in India: $5.3 billion+<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:20.38835%;top:54.20712%;width:58.25243%;height:15.21036%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8333333333333334% 0.8333333333333334% 0.8333333333333334% 0.8333333333333334% \/ 2.127659574468085% 2.127659574468085% 2.127659574468085% 2.127659574468085%;background-clip:content-box;background-color:#000\" id=\"el-d1a08f76-6de7-4aa6-a5bb-8d40a2478a16\">\n<h3 id=\"est-total-number-of-crypto-owners-in-india-100-million\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.14062499999999942% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:1.6666666666666667% 3.3333333333333335%;color:#000000\"><span><span style=\"color: #fff\">Est total number of crypto owners in India: 100 million+<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:20.14563%;top:77.18447%;width:58.25243%;height:10.5178%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8333333333333334% 0.8333333333333334% 0.8333333333333334% 0.8333333333333334% \/ 3.076923076923077% 3.076923076923077% 3.076923076923077% 3.076923076923077%;background-clip:content-box;background-color:#000\" id=\"el-2bb18fef-3cb0-43af-b7b7-5e638097a9dc\">\n<h3 id=\"80-crypto-owners-in-india-are-male\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.14062499999999942% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:1.6666666666666667% 3.3333333333333335%;color:#000000\"><span><span style=\"color: #fff\">80% crypto owners in India are male<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"42192b3c-a257-470d-b7d7-4cbcdaa9631c\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#1263ff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-17718595-7492-49cf-8693-fa09f1fad7e8\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:15.04854%;top:0;width:69.66019%;height:17.47573%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6968641114982579% 0.6968641114982579% 0.6968641114982579% 0.6968641114982579% \/ 1.8518518518518516% 1.8518518518518516% 1.8518518518518516% 1.8518518518518516%;background-clip:content-box;background-color:#000\" id=\"el-b4a4587c-a17e-497f-a8a4-b3b767829b4c\">\n<h2 id=\"want-to-keep-your-money-safe-and-protected\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.08841463414634151% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.453074em;line-height:1.19;text-align:center;padding:1.3937282229965158% 2.7874564459930316%;color:#000000\"><span><span style=\"font-weight: 700; color: #fff\">Want to keep your money safe and protected?<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:14.80583%;top:58.41424%;width:69.66019%;height:24.11003%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6968641114982579% 0.6968641114982579% 0.6968641114982579% 0.6968641114982579% \/ 1.342281879194631% 1.342281879194631% 1.342281879194631% 1.342281879194631%;background-clip:content-box;background-color:#000\" id=\"el-27bc6ca4-d0fa-419f-a42c-6166683b4825\">\n<h2 id=\"here-is-an-ultimate-guide-to-the-best-banks-for-fd-in-india-in-2022\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.09472996515679369% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.485437em;line-height:1.19;text-align:center;padding:1.3937282229965158% 2.7874564459930316%;color:#000000\"><span><span style=\"font-weight: 700; color: #fff\">Here is an ultimate guide to the best banks for FD in India in 2022!<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:14.56311%;top:26.69903%;width:68.20388%;height:27.34628%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-a902588c-750a-44c4-b161-a00a11ab0930\">\n<div style=\"position:absolute;width:100%;height:110.84811%;left:0%;top:-5.42406%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/images.unsplash.com\/photo-1554224155-8d04cb21cd6c?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHw5fHxhY2NvdW50fGVufDB8fHx8MTY1NTcwMTU3NA&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=5568&amp;h=3712&amp;fit=max\" alt=\"black Android smartphone\" srcSet=\"https:\/\/images.unsplash.com\/photo-1554224155-8d04cb21cd6c?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHw5fHxhY2NvdW50fGVufDB8fHx8MTY1NTcwMTU3NA&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=5568&amp;h=3712&amp;fit=max 5568w,https:\/\/images.unsplash.com\/photo-1554224155-8d04cb21cd6c?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHw5fHxhY2NvdW50fGVufDB8fHx8MTY1NTcwMTU3NA&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=4454&amp;h=2969&amp;fit=max 4454w,https:\/\/images.unsplash.com\/photo-1554224155-8d04cb21cd6c?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHw5fHxhY2NvdW50fGVufDB8fHx8MTY1NTcwMTU3NA&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=3340&amp;h=2227&amp;fit=max 3340w,https:\/\/images.unsplash.com\/photo-1554224155-8d04cb21cd6c?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHw5fHxhY2NvdW50fGVufDB8fHx8MTY1NTcwMTU3NA&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=2227&amp;h=1485&amp;fit=max 2227w,https:\/\/images.unsplash.com\/photo-1554224155-8d04cb21cd6c?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHw5fHxhY2NvdW50fGVufDB8fHx8MTY1NTcwMTU3NA&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=1113&amp;h=742&amp;fit=max 1113w,https:\/\/images.unsplash.com\/photo-1554224155-8d04cb21cd6c?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHw5fHxhY2NvdW50fGVufDB8fHx8MTY1NTcwMTU3NA&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=340&amp;h=227&amp;fit=max 340w\" sizes=\"(min-width: 1024px) 31vh, 68vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-page-outlink layout=\"nodisplay\" cta-image=\"https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/best-banks-for-fd-india.jpg\"><a href=\"https:\/\/bankkaro.com\/blog\/best-banks-for-fixed-deposits-in-india\/5040\/\" rel=\"\">Read more<\/a><\/amp-story-page-outlink><\/amp-story-page><\/amp-story><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"1% TDS is to be levied on all cryptocurrency transfers in India from July 1, 2022. What does this mean for you? What are the alternatives? Read our story to find 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style=\"color: #fff\">Crypto asset holdings in India: $5.3 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style=\"color: #fff\">Est total number of crypto owners in India: 100 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style=\"color: #fff\">80% crypto owners in India are 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style=\"font-weight: 700; color: #fff\">Want to keep your money safe and 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