Does the TDS amount get debited from the fixed deposit principal amount?

Home

Services

Products

Help

Get App

Yes, bank can debit TDS from your principal amount, but only in the following scenarios:

1) If you have booked a Fixed Deposit with a monthly or quarterly interest payout option - Where the interest is already paid to you in your Savings/ Current Account; and at any time in the financial year, if we find out that the interest you have earned exceeds the exempted limit of Rs.40,000

2) If you have multiple Fixed Deposits and few of them got matured - Where the interest and principal amount are already credited to your Savings/ Current Account; and at any time in the financial year, if we find out that the interest you have earned exceeds the exempted limit of Rs.40,000.

Click here to explore more bout fixed deposit here.

Useful Links

Was this information helpful?