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Form 121 to DP or NSDL

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My brother has 5* scriptts and 2 NCDs in  Demat account. My brother went to HDFC Share section and asked for 121 form. They are asking him to submit each form  to respective RTAs. The finance bill for 2026-27 what does it say. Finance minister clearly said One 121 (earlier 15G/15H) is necessary.    

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Form 121 is the new, unified replacement for Form 15G/15H as of April 2026. It is a self-declaration used to prevent TDS when your tax liability is zero. You can file it online through your depository (NSDL or CDSL) rather than needing to visit individual RTAs for each scriptt or NCD.


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