My father had 2 nos. of Tax saving fixed deposit & is maturing in the year 2015/16. Recently my father expired, there is a TDS on the interest reeived.
I have asked my bank to premature the FD as per the death of holder.
Bank is saying that due to lock in period, it can not be premature.
Is it correct? if yes what about the TDS which will be cut? how to get the refund of TDS?
Thanks in advance