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Form 15G/15H ; What the Bank should do ?

This query is : Resolved 
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(Querist)
08 June 2011 Please let me know the following:-

1.Is, the Bank which has received form 15G/15H from its customers, required to submit it to IT Deptt ? If yes, what is the procedure, frequency & form ?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
08 June 2011 One copy of the form 15G /H has to be forwarded by the bank to the Chief Commissioner / Commissioner of income tax on or before the seventh day of the month next following the month in which the declaration is furnished to the bank.
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CA Mukkul Mehta

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CA Mukkul Mehta (Querist)
08 June 2011 Thank u Sir !!

Please tell me the Format for the same.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
08 June 2011 Write a simple letter to the concerned officer stating submission of form 15G/15H and the list of persons.
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