Tds by by banks

if a person has taxable income by way of pension and iby way of interest,,can he insisit the bank to deduct 10% of the total income as TDS every year .In such case can the depositor dispense with filing the it return annually to IT department? if some exemptions are there how does the bank calculate TDS on such income, say the depositor is over and above 60 years and and a woman ?