Suppose you expect that your total interest income from these FDs will exceed the prescribed threshold limit. In that case, you may not be eligible to submit Form 15G.

TDS (Tax Deducted at Source) is a fixed sum taken from your earnings like salary, commission, rent, interest, or professional fees. But, here's the catch: If your interest income is less than a specific limit, you can use Form 15G and 15H to your advantage.