Canara Bank, in collaboration with Reserve Bank Innovation Hub (RBIH), has announced the launch of Digitalised Submission of Form 15G/15H as one of customer friendly services adding to our pursuit of Customer Delight.

• Form 15G (Individual and HUF) and Form 15H (Individual-Senior Citizen) are self-declaration forms that an individual submits to the bank requesting not to deduct TDS on interest income as their income is below the basic exemption limit.
• For this, providing PAN is compulsory.The Reserve Bank Innovation Hub (RBIH) recognized the problem, engaged with various banks to explore possible solutions, and developed a blueprint to resolve the issue.
• The Reserve Bank of India Innovation Hub (RBIH) is an initiative of the Reserve Bank of India (RBI) that was launched to promote innovation in the financial sector.