Submission of form 15g/h

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Mayank Singhvi

CA FINAL

148 Points Joined August 2009

Is form 15g/h required to be submitted for each deposit. I had submitted form 15g/h for existing FD, then I had made a new FD with same bank same branch. Am i required to submit 15g/h for new FD made with bank ?

Replies (1)

Rammohan

255 Points Joined April 2012

In the bank where I have fixed depoosts, the 15G/H forms have provision to enter the customer ID as also to list all the existing FDs held in that customer ID. The practice of the bank is to ask for a fresh. 15G/H form for a new FD (not being a renewal of an exsting FD for which 15G/H form has been submitted earlier for the same FY), assuming that the new FD is also to be included in the same customer ID.