Tax deduction at source on interest applies to court-ordered deposits; banks must credit TDS to the named depositor. Where a court directs one or more litigants to deposit specified sums in a bank, the bank must deduct TDS on interest accruing on such deposits at rates in force and issue the certificate of deduction in the name of the depositor; where multiple depositors are involved, TDS is to be apportioned to each depositor's share and separate certificates issued. Depositors must submit a prescribed declaration to the court for transmission to the bank. The procedure excludes deposits held or administered by the court or arising from attachment and cases of a representative assessee.