Wednesday, 3 December 2014

SBI deposit holder can generate Form 15G or 15H to avoid TDS deductions by Online "Generate 15 G/H" Utility

Recently, State Bank of India has provided a very important and useful utility with the name of "Generate 15 G/H".  To avoid TDS deduction on the fixed deposits, please download form 15 G/H, verify it , sign it and submit it to the branch concerned (in three copies) for recording the same in CBS. The branch will subsequently submit the form 15 G/H to the Income Tax Assessing Officer under whose jurisdiction the branch is located.  The functionality for online generation of Form 15G/H has been introduced for the sake of customer convenience by obviating the manual filling up fixed deposit details by the customers.

Required Fields to Generate 15 G/H :

  • Name
  • Address
  • Mobile No.
  • Pan No.
  • Deposit Details etc.

Some fields like A.O. Codes and nature of business were asked to enter manually

Requirement for generation of Form 15G / 15H :

  • SBI login user id and password.
  • Any deposit in the shape of FDR with any branch of State Bank of India.
  • Path for Generation of Form 15G or 15H. is given in below picture. 

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