• Sat. Jun 10th, 2023

Customers of this bank can submit their Form 15/H for free via Doorstep Banking

Last update: May 03, 2023, 09:53 IST

Canara Bank has developed a special program for its customers to submit Form 15G and Form 15H. Canara Bank customers can submit their 15 G/H forms through home banking. For customers over 75, the bank has also waived fees for three home banking services per month. The special diet will be valid until May 24. Sharing a tweet about it, Canara Bank wrote, “Now easily submit your Forms 15G/15H via Canara Bank’s Doorstep Banking.”

Apart from this method, customers can also submit their 15 G/H form via SMS, netbanking or through the Canara Bank website.

To submit your Form 15G/H via the Canara Bank website, you must follow these steps:

― Visit canarabank.net.in/TDSWaiver/Home/index.

― Enter your PAN or your customer ID and confirm after completing the security captcha.

You can also login to the Canara Bank website and follow the process given below.

― Log in to your account and click on the ‘deposits’ tab.

― Click on ‘Tax Exemption Form 15G/H’ in the retail banking section.

― Submit your 15G/H form.

To submit your 15G/H form by SMS, you can type 15G the amount of other income, if any, and send it to 7036000157

What are Forms 15G and 15H?

Form 15G/15H is submitted by individuals to the bank to prevent them from automatically subtracting withholding tax (TDS) from their interest. The individual must submit the form to the bank if their annual income (including interest) is below the tax threshold. Then the bank will not deduct TDS from any interest credited to the individual’s account. For seniors, Form 15H must be submitted, while for those under 60, Form 15G is required.

Home banking by Canara Bank:

The bank has launched the installation of home banking services in 100 centres. To know the list of centers offering the facility, people can visit the bank’s website. The service charge will be Rs 75 plus a goods and services tax of Rs 13.5. This means that people who avail the facility will have to pay Rs 88.50.

How can I benefit from Canara Bank’s home banking services?

Canara Bank customers can benefit from the services in three ways:

― The bank’s home banking web portal.

― By downloading the DSB mobile application to their phone.

― Call 18001213721 or 18001037188.

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