Fixed Deposits booked with monthly or quarterly interest payout option, TDS recovery will by default happen from linked current / savings account.50,000/- for senior citizens) in a financial year.Individuals seeking exemption from TDS on the interest income of FD and RD, have to submit a completed Form 15 G/H at the nearest branch or online within the first week of the new Financial Year and every time a new deposit is booked. TDS will be deducted when interest payable or reinvested on RD and FD per customer across all branches exceeds Rs.
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