TDS ON INTEREST PAYABLE TO NBFCs

TDS rate is 10% for the interest other than interest on secuirties,

But where interest is credited or paid to any banking company, co-operative society engaged in banking business, public financial institutions, the LIC, the UTI, a company or a co-operative society carrying on the business of insurance, or notified institutions TDS is not applicable.

you should approch incometax department for the refund of TDS, not the deducting company, the TDS deducted from the payee will be deposited into Central government a/c.