As per the Union Budget 2025, the income threshold limits for Tax Deduction at Source (TDS) on interest earned from Fixed Deposits and Recurring Deposits have been increased:
- For regular (non-senior) customers, the threshold limit has been raised from INR 40,000 to INR 50,000 per financial year.
- For senior citizen customers, the threshold limit has been increased from INR 50,000 to INR 1,00,000 per financial year.
Additionally, the revised threshold limits for Form 15G/H under the default tax regime are:
- Form 15G: INR 4,00,000
- Form 15H: INR 12,00,000
These changes will be effective from April 1, 2025.
If applicable, we request you to submit Form 15G/H at your nearest Unity Small Finance Bank branch or via mobile banking.
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