Home |Aadhaar Card | I have to submit Form 15G/ 15H to the bank to avoid higher TDS on the interest earned from a fixed deposit. Can I give my Aadhaar number instead of PAN to the bank?

I have to submit Form 15G/ 15H to the bank to avoid higher TDS on the interest earned from a fixed deposit. Can I give my Aadhaar number instead of PAN to the bank?

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Varun Varun
Answered on December 17,2019

Notification dated November 6, 2019 has amended Form15G (Individuals)/Form 15H (senior citizens) which allows quoting of either Aadhaar number or PAN to avoid higher TDS in Form 15G/Form 15G. Therefore, to avoid higher TDS deduction from this financial year, individuals and senior citizens can give Aadhaar number instead of PAN to their bank. However, do keep in mind that the Form 16A given to you by your bank will reflect your Aadhaar number instead of your PAN.

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