Form 15g or 15h

Rajeev Dewan (Accounts Executive) (45 Points)

12 June 2014  

Dear All,

 

My mother have renewed her FD in May, 2014 for Rs. more than 1 lakh and the interest payable to her will be more than 10k. My mother also turned 60 in January 2015. And there is no any other income of my mother than it. My Question is that in that case i have to submit form 15G or 15H to bank.

And also please share that banks provide interest on FD on daily basis or on maturity.

 

Thanks

Rajeev Dewan