I need your advise on TDS from FD Interest received by Ramakrishnan S I had few FD with a bank wherein interest is credited on quarterly rests to my SB account. This bank calculated interest accrued as well as interest actually paid during the financial year and deducted TDS. Is this right? If not, What is the recourse that I have against the bank. Answer : You can ask the bank to not deduct TDS if the following are satisfied: 1. Your other income is not chargeable to tax. 2. You give them Form 15H or Form 15G at the start of the financial year.