3 responses

  1. ChummaUmma
    June 14, 2012

    Normally these forms have to be obtaine din duplicate-one for depositor and the second copy for the bank.The insistence on PAN card is to ensure that correct PAN number is filled in in the forms.

    June 14, 2012

    Correct rule is to submit these forms and copy in duplicate. One copy is send to Income Tax Department by bank and other is kept by them for their records purpose.
    Form more information visit income tax web site http://www.incometaxindia.gov.in and follow link
    Income Tax Rules > Form 15G/H and read the footnote and instruction in respect of these forms.

  3. jitesh
    June 14, 2012

    form 15g/h is used for prevention of tds to be deducted on deposits income. it is to be submitted in duplicate to bank, one is sent to income tax, and other copy remains with bank.one copy of pan card can be asked for but, many banks only verify the original and see whether the correct pan is entrered in it or not

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