Common 15 G forms and 15 H for all Banks

Since Oct 2015 as per IT department instructions every bank has to use common format released by IT in Oct 2015.

Now Banks have been allowed to collect or accept these tax exemptions forms in digital format which means Indian citizens are allowed to submit 15 G or 15 H online. So confirm with your bank if that facility have been started by them or not.

Please note NRIs are not allowed to submit 15 G or 15 H.

Download 15 G here - DOWNLOAD 

Download 15 H here - DOWNLOAD 

Please read these forms and check your eligibility before submitting these forms otherwise you can be jailed and fined for not paying taxes.

To check whether you can submit or not please follow one of our latest post on the same - CLICK

Pre 2005 Old Currency Notes can be exchange at RBI Offices

The Reserve Bank of India has observed that a major portion of the pre-2005 banknotes have been withdrawn from circulation and only a small percentage of these notes remains in circulation. On a review, therefore, the Reserve Bank has decided that from July 01, 2016 the facility of exchanging the pre-2005 banknotes will be available only at the following offices of the Reserve Bank of India:

Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, Thiruvananthapuram and Kochi.

The Reserve Bank of India had, in December 2015, set June 30, 2016 as the last date for public to exchange pre-2005 banknotes at the identified bank branches and Issue Offices of the Reserve Bank of India.

The Reserve Bank has also clarified that these pre-2005 banknotes will continue to remain legal tender.

The Reserve Bank of India has stated that it is a standard international practice not to have currency notes from multiple series remaining in circulation at the same time.

Soliciting cooperation from members of the public in withdrawing these banknotes from circulation, the Reserve Bank of India has urged them to exchange pre-2005 banknotes at the above mentioned offices of the Reserve Bank of India, as per their convenience. The Reserve Bank of India will continue to monitor and review the process so that the public is not inconvenienced in any manner.

PPF | SUKANYA SAMRIDDHI | TAX SAVING SCHMES | KISAN VIKAS PATRA RATE OF INTEREST

If you are not happy about fixed deposits rate currently offered by Banks, then you can save in following small saving schemes  offered by Government of India. 

Rates are further reduced w.e.f 1 APRIL 2016, including popular scheme such as 5 year senior citizen scheme from 9.3% to 8.6% and PPF public provident fund reduced from 8.7% to 8.1% to discourage people to save money in these tax saving instruments to ensure flow of money in the economy as these funds have 5 years lock in period.

Small Saving Scheme Rate of Interest

“Canara Vidya Jyothi” Scheme, to provide school scholarship to meritorious SC/ST girl students by CANARA BANK

Scholarship to meritorious SC/ST girl students in Government schools

“Canara Vidya Jyothi” scheme is introduced to provide scholarship to meritorious SC/ST girl students in Government schools of rural areas covered under command area of our rural, semi urban & urban branches. With the splendid success of the scheme for the past 3 years in serving the good cause of promoting education among girl students belonging to SC/ST families.

I.Objective of the Scheme:

To encourage education among girl children belonging to SC/ST communities by extending financial support.

Scheme Details:

A. Eligibility Criteria:

1.One Girl Student from each of the class from 5th Standard to 10th Standard

2.Students studying in Government/Government aided School within the command area of the Branch

3.Students from SC/ST family

4.Should be the highest scorer in the immediate preceding class Annual examination among SC/ST girl students in the class.

B. Amount of Assistance:

1.Rs 2500 per student of class 5TH to class 7TH

2.Rs 5000 per student of class 8TH to class 10TH