15g interest recieved limit

[owais ahmad]

if i make 9 lakh amount of FD each at five banks . total amount 45 lakh. total interest say 3.6 lakh. can i fill 15g at each bank. some one told limit is 2.5 lakh interest.

please clarify for FY 2025 26

AI Summary

Tax-Free Interest Limit: Aggregate Bank FDs Under Form 15G, Total Interest Determines Exemption Eligibility A taxpayer inquired about filing Form 15G across multiple bank fixed deposits totaling 45 lakhs, generating 3.6 lakhs in interest. The expert clarified that total interest must be aggregated, and there are no provisions for bank-wise 15G submissions. The interest limit and tax implications for the fiscal year 2025-26 remain subject to overall income calculation rules.