State bank of India is one of the largest public sector banks in India serving so many people in the nation by their banking services. There are so many account holders have fixed deposits in State Bank Of India. Any account holder who has fixed deposit in State Bank Of India needs to submit form 15G or form 15H in every year based on their requirement to avoid TDS on their fixed deposit amount. Here you can find complete details on why form 15G/15H are required for SBI fixed deposits and how to fill form 15G for SBI fixed deposits with sample filled document.
Why Form 15G Is Required For SBI Fixed Deposits:
Any individual who is getting an interest of more than 10000 Rs from SBI fixed deposits should submit form 15G to the State Bank Of India. The main reason for submitting form 15G to SBI is to tell the SBI that our total income in that financial year is less than the tax-deductible income. Simply Form 15G/15H are request forms to do not deduct tax from interest accumulated on FD amount.
Form 15G Or Form 15H For SBI Fixed Deposits:
Form 15G is for the SBI account holders whose age is below 60 years, and form 15H for the senior citizens whose age is more than 60 years.
How to Fill Form 15G for SBI Fixed Deposits Online:
There are Two ways to submit form 15G for SBI fixed deposit one is the offline method and another one is the online method. First, we will discuss the offline method of submitting form 15G for SBI.
Filling Form 15G For SBI Fixed Deposits In Offline:
In order to fill form 15G in offline, you should get a form 15g copy from SBI branch or you can download form 15G in online.
Sample Filled Form 15G For SBI Fixed Deposits:
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Finally, Sign On All Required Places and remember there is no need to fill part 2 of form 15G.
Filling Form 15G For SBI Fixed Deposits In Online:
- To submit form 15G for SBI FD login to your SBI internet banking.
- Now click on E-services on the home page.
- Now click on submit form 15G / 15H
- Now select the CIF number.
- Now fill the required information in the form 15G