In saving fix deposit at the time of renewal they will cut tds and renew it or they will cut tds when i withdr

bank will cut tds at the time of renewal every time or they will cut tds when i withdraw money 2nd or third renewal in saving fix deposit.please guide me|||TDS is cut when you withdraw the money and on the total interest you gain upon withdrawal, you can renew fixed deposit as long as you want, tax is deducted one time only|||No. In fact, it would be cut every quarter end out of the interest accrued and remitted to the Income Tax Department. The loss of compound interest would also be there due to TDS.|||No TDS will be deducted if the interest amount per financial year is less than Rs.10,000 (Last year it was 5,000). It is not on the basis of renewal. The bank will add interest to the FD every month or every quarter or every 6 months depending on the FD and they calculate how much amount they have credited to the FD per year.





Read the questions on the TDS from HDFC bank web site:


http://www.hdfcbank.com/personal/account鈥?/a>