What is Form 121?

Form 121 is the government-prescribed form that replaces the earlier Form 15G and Form 15H. 

The purpose remains the same, if your total estimated income from all sources for the financial year is below ₹12 lakhs (the applicable taxable income threshold under current tax rules), you can submit this form to request that no TDS be deducted on the bond interest earned through Wint Wealth.

Please note that submitting Form 121 is not mandatory. However, it is relevant for investors who wish to avoid upfront TDS deduction on the interest earned from their investments.

To understand more about the form, you can refer to the official announcement from the Income Tax Department using the link below:
https://www.incometaxindia.gov.in/documents/d/guest/fn121