![]() This is done to ensure that the interests earned on the particular deposit account are not subjected to TDS deductions. What is Form 15 G?įorm 15 G is an authorized document that an individual below the age of 60 years holding a fixed deposit account in a bank needs to fill out. To ensure that our fixed deposits and the interests we earn from there are not subjected to TDS deductions, we are required to fill out a form which goes by the name- “Form 15 G”. This usually happens in the form of Tax Deduction at Source(TDS). No one would want to see their hard-earned thoughtful investments slipping out of their hands. ![]() However, the commercial advantage that banks have to pertain to the area of interest provisions. As a primary repository for the hard-earned fruits of our labour, banks play the most foundational role in the economy. ![]()
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