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Save TDS on your Bond Interest with new Form 121
Form 15G/15H will now be replaced with one unified Form to avoid unnecessary TDS deductions for eligible investors.
One form for all ages
Prevent 10% TDS
Important: From 1st April 2026, Forms 15G and 15H are no longer valid. All investors must now submit Form 121 under Section 393(6) of the Income-tax Act, 2025.
What Has Changed?
A quick side-by-side look at how Form 121 compares to the old Forms 15G & 15H
Quick Eligibility Check
Find out if you can submit Form 121 to save 10% TDS on your bond interest
Resident Individual are eligible
HUF are eligible
Expected Tax Liability should be ₹0 (NIL)
Valid PAN Required
Companies / Firms are not eligible
NRIs are not eligible
How to file via NSDL or CDSL
1. Log in
Active StepLog in to the NSDL SPEED-e or IDeAS portal using your user ID and password.
CREDENTIALS: NSDL USER ID/PASS
2. Navigate
Select Form 121 from the left-hand menu bar.
LOCATION: SERVICES/E-SERVICES
3. Select
A new Investor Services window will open. Select Form 121 from the drop-down menu.
FORM: FORM 121
4. Details
The form will open with basic details pre-filled. Enter the estimated income and ITR details for the last two years.
REQUIREMENT: ITR DATA/INCOME
5. Submit
Submit the form and receive a confirmation along with the UIN. Similar process on NSDL Speed-e Mobile App.
OUTCOME: RECEIVE UIN
Select Your Securities
Choose the bonds you hold on IndiaBonds and enter your basic income details. IndiaBonds auto-fills the entire Form 121 for you — instantly, no manual entry.
Sign the Form
Upload or draw your digital signature, or print the form and sign manually — whichever works best for you.
Submit to Issuer
Share the signed form with your bond issuer / RTA. IndiaBonds provides direct email contacts for all major issuers and registrars — so your submission reaches the right desk, fast.
