Forms to be filled when applying for FD

Hi Quicko,

Are there any forms or documents that i need to file while applying for a bank fixed deposit? I want to know what are the tax benefits if i invest in a Fixed deposit.
Hoping for a prompt reply.

Form 15G/ Form 15H is one of the form which is used to make sure that TDS is not deducted from your income. If your tax liability for a year is zero then you can file Form 15G or Form 15H with the deductor.

Moreover, fixed deposits also provide tax benefits under section 80C of the Income tax Act.

Hope this helps!