If the total interest (earned from all the FD you have with that bank) exceeds 10,000 in a financial year, then bank will deduct TDS at a rate of 10%, and if bank does not have your PAN card details (I am sure they have but just in case 🙂 ) then they will deduct 20% of your interest amount when it exceeds 10,000 as TDS.
Know more about Taxation on FD and how to avoid TDS on FD in below link:
Thanks Sumit 🙂
If the total interest (earned from all the FD you have with that bank) exceeds 10,000 in a financial year, then bank will deduct TDS at a rate of 10%, and if bank does not have your PAN card details (I am sure they have but just in case 🙂 ) then they will deduct 20% of your interest amount when it exceeds 10,000 as TDS.
Know more about Taxation on FD and how to avoid TDS on FD in below link:
http://www.behealthyinvestor.com/tax-on-fixed-deposit/
Thanks
Sumit