TDS is not applicable on the interest paid by co-operative banks to the shareholders on their deposits.

If a depositor is a shareholder of the co-operative bank TDS is not at all applicable for his deposits, irrespective of any amount. In all other cases Form 15H/ 15G required to be submitted for exemption of TDS. More importantly.

TDS is not all applicable irrespective of the amount of share capital held by the shareholder in the co-operative bank.