TDS

TDS will be deducted@10% for PANCARD Holders and TDS@20% for Non PANCARD Holders on Deposit Interest exceeding Rs.10,000/- in a Financial Year.
TDS applicable Form 15H/15G required to be submitted for exemption of TDS. If you are exempt from paying tax, you need to present Form 15H when you open a Fixed Deposit and subsequently at the beginning of the following financial year.