Hi, I opened FD for 5L on 9/1/2018 for 91 days at the rate of 6.75% and it matured on 10/4/2018. The actual interest that was shown in the invoice during opening the FD was 8414 Rs, but when it matured, i got only 7656 Rs. When asked the bankers, they told TDS is deducted (please note I earned more than 10K interest during 2017 FY and 0 interest so far in 2018), but this interest (7656Rs) earned and credited only in 2018 FY. How can they deduct the TDS? I wanted to know if the TDS will be calculated and deducted immediately while opening FD or will they deduct only at the time of maturity?