13 Feb 2026 | 5 Mins Read
Claim TDS refund on fixed deposit interest earned
Flipitmoney
Banks deduct TDS on FD interest if it exceeds the designated limit of ₹ 40,000 in a fiscal year with a single bank. The threshold doubles to ₹ 80,000 if your PAN is updated. If your overall tax liability is less than the deducted TDS, you may receive a refund by filing an income tax return with correct information, such as Form 26AS and your bank's interest certificate.