Help and Support
En
हि

What is the tax implication on FD?

TDS of 10% is deducted by the bank if the annual interest earned is more than Rs 40000, or Rs 50000 in case of senior citizens.
Was the answer helpful?
Vaishnavi Tech Park, South Tower, 3rd Floor
Sarjapur Main Road, Bellandur, Bengaluru –
560103 Karnataka
© 2016-2025 Groww. All rights reserved. Version - 6.7.4
Download the App
Groww
Products
Share Market
Indices
F&O
NIFTY 50 FuturesNIFTY Bank FuturesYes Bank FuturesTata Motors FuturesTata Steel FuturesCoal India FuturesFinnifty FuturesZomato FuturesInfosys FuturesBSE Sensex FuturesAxis Bank FuturesITC FuturesAshok Leyland FuturesAsian Paints FuturesWipro FuturesVedanta FuturesICICI Bank FuturesHDFC Bank FuturesLupin FuturesDLF FuturesReliance Industries FuturesBiocon FuturesUPL FuturesCipla FuturesBajaj Finance FuturesHindustan Copper FuturesIndusind Bank FuturesAdani Enterprises FuturesIDFC First Bank FuturesPiramal Enterprises FuturesNIFTY Bank OptionsNIFTY 50 OptionsBse Sensex OptionsFinnifty OptionsTata Motors OptionsSBI OptionsHDFC Bank OptionsTata Steel OptionsInfosys OptionsITC OptionsBajaj Finance OptionsWipro  OptionsNTPC OptionsAsian Paints OptionsICICI Bank OptionsAxis Bank OptionsDLF OptionsBajaj Auto OptionsCoal India OptionsAdani Enterprises OptionsHindustan Unilever OptionsREC  OptionsIndusind Bank OptionsAshok Leyland Options
Mutual Funds
MF ScreenerCompare Mutual FundsMF Knowledge CentreMutual Fund HousesMutual Funds CategoriesDebt Mutual FundsBest Debt Mutual fundsBest Equity Mutual fundsBest Hybrid Mutual fundsBest MidCap Mutual fundsBest Multicap Mutual fundsBest Large Cap Mutual fundsBest Small Cap Mutual fundsBest ELSS Mutual fundsBest Sector Mutual fundsBest Contra Mutual fundsBest Value Mutual fundsBest Arbitrage Mutual fundsBest Dividend Yield Mutual fundsBest Aggressive Mutual fundsBest Conservative Mutual fundsParag Parikh Flexi Cap FundMotilal Oswal Midcap FundNippon India Small Cap FundQuant Small Cap FundSBI Contra FundHDFC Mid Cap Opportunities FundSBI Small Cap FundHDFC Flexi Cap FundSBI Magnum Children's Benefit FundNippon India Nifty 500 Momentum 50 Index FundMotilal Oswal Nifty India Defence Index FundHDFC Small Cap FundTata Small Cap FundUTI Nifty 50 Index FundHDFC Balanced Advantage FundICICI Prudential India Opportunities FundKotak Multicap FundTata Ethical FundJM Flexicap FundQuant Mid Cap FundKotak Small Cap FundICICI Prudential Infrastructure FundMirae Asset ELSS Tax Saver FundHSBC Small Cap FundBank of India Small Cap FundCanara Robeco Bluechip Equity FundBandhan Nifty Alpha 50 Index FundQuant Infrastructure FundFranklin India Multi Cap FundQuant Multi Asset FundGrowwMFSBIHDFCICICI PrudentialNippon IndiaMotilal OswalQuantPPFASLICTATAAditya BirlaMirae AssetUTICanara RobecoBandhanAxisDSPKotak MahindraWhiteoakEdelweissBank of IndiaBaroda BNP ParibasZerodhaFranklin TempletonHSBCBajaj FinservMahindra ManulifeInvescoNJUnionHeliosSundaramNaviJMQuantumITISamcoPGIM360 OneShriramTrustTaurus
ETFs
Funds By Groww
IPO
Calculators
Miscellaneous
Others
NSEBSEMCXTerms and ConditionsPolicies and ProceduresRegulatory & Other InfoPrivacy PolicyDisclosureSMART ODRDownload FormsInformation Security PracticesInvestor Charter and GrievanceBug Bounty
Mutual Funds:
ABCDEFGHIJKLMNOPQRSTUVWXYZOthers