Gift

"First name on fd is dad"

"We are having sb a/c. First name is mine"

"Int on fd is deducted @ 20% "

It suggests, your dad didn't have PAN, or if yes, not recorded in FD with Bank.

Technically, the owner of the FD was your father and now after his demise (though redeemed) can be shared as per family settlement. Either of you & your mother can share it as per mutual understanding, without any tax liability. (Assuming no Will being left by your dad, and you two only legal beneficiary)

but sir

i want to know i am a salaried person. FD amt is 20 lakh . So , if that fd is trf to my a/c . I awant to know the tax liability

You are not owner of the fund, (as of now). Its owner as specified earlier, was your father. The capital still belongs to the legal beneficiary of your dad, which can be distributed among the family members, without any tax liability.

Yes, the tax liability on the interest accrued yearly is to be assessed/checked.

thank you sir ,

My pleasure