The TDS (Tax Deducted at Source) on a fixed deposit interest is calculated when you fall under the minimum taxable limit. If you do not fall under the taxable limit, you will not have to pay TDS, but you will need to submit proof documents. Form 15H and 15G must be submitted to a bank or Non-Banking Finance Company (NBFC) to charge TDS on your fixed deposit. for visit https://www.stfc.in/