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Dear Depositors,

This refers to Notification No.F.No.275/25/2020-IT(B) dated 03rd April, 2020 issued by the Government of India has passed Order U/s 119 of the Income Tax Act,1961. It states, that all valid Forms 15G and 15H furnished by the depositors to the Banks for F.Y.2019-20 shall continue to remain valid up to 30/06/2020 for financial year 2020-21.
The extracts of the Order are reproduced as under:

“In case if a person had submitted valid Forms 15G and 15H to the Banks or other Institutions for F.Y. 2019-20, then these Form 15G and 15Hwill be valid up to 30.06.2020 for FY 2020-21 also. It is reiterated that the payer who has not deducted tax on the basis of said Forms 15G and 15H,shall require to report details of such payments/credits in the TDS statement for the quarter ending 30.06.2020 in accordance with the provisions of rule 31A(4)(vii) of the Income-tax Rules, 1962.”

Accordingly, all eligible & valid Form 15G/15H furnished by our customers during financial year 2019-20 have been flagged in our CBS as valid till quarter ending 30.06.2020.

Separately the eligible customers who have not furnished Form 15G/15H earlier but now intends to submit the Form, can visit your base branch or submit the duly filled & signed forms through registered email ID.

By Order

Also Forms 15G and 15H shall be available to the Deposiotrs for downloading Form 15G/15H

15G form for exemption in TDS on Deposits as applicable

15H form for exemption in TDS on Deposits as applicable

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