Canara Bank & RBIH Collaborates to Launch ‘Digitalised Submission of Form 15G/15H’

Current Context: Canara Bank, in collaboration with Reserve Bank Innovation Hub (RBIH), has launched a new customer-friendly service called “Digitalised Submission of Form 15G/15H”.

• This service is aimed at simplifying the process of submitting these forms, which are self-declaration forms that individuals submit to the bank to avoid the deduction of TDS on interest income, provided their income is below the basic exemption limit.
• The service leverages technologies that are familiar to senior citizens and also uses an OMNI-channel approach.
• All deposit holders, including senior citizens, can now easily submit their tax waiver forms through SMS and website.

Question: 

Q.1 Which bank has collaborated with Reserve Bank Innovation Hub to launch “Digitalised Submission of Form 15G/15H”?
a. State Bank of India
b. HDFC Bank
c. Canara Bank
d. ICICI Bank