Tax Deducted at Source (TDS) will be deducted when interest payable or reinvested on RD and FD per customer across all branches exceeds Rs 50,000/- (Rs 1 lakh 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 they book a new fixed deposit.
HDFC Bank FD rate change 2025: Will your current FD returns be impacted as the top bank cuts interest rate by 15 BPS?
