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How SBI Fixed Deposit Holders Can Submit Forms Online To Avoid TDS
Forms 15G/H needs to be submitted while making new term deposit, says SBI Form 15G, Form 15H meant for avoiding deduction of TDS on interest income 15G for individuals less than 60 years in age, 15H for senior citizens
05 Apr 2018, 12:51 PM IST 
By submitting Forms 15G/15H against fixed deposit, you save tax on interest income, said SBI.
If you hold a term or fixed deposit (FD) with State Bank of India (SBI) or plan to invest in one you need to submit Form 15G or Form 15H at least once every financial year. This was said by SBI, India's largest bank, on microblogging site Twitter. This is applicable to individuals who don't come under the income tax bracket for a financial year. By submitting Forms 15G and Form 15H against a fixed deposit, individuals save tax deduct...
