Digitalisation of 15G/15H form
Mission
Enabling the frictionless, omnichannel filing of 15G/15H forms (TDS forms) for the elderly.
Reduction in time taken for form submission
Omnichannel form submission
Increased convenience for senior citizens
15G/15H self-declaration forms are submitted by individuals to their banks, requesting that TDS not be deducted from their interest if their income is below the basic exemption limit. This facility is primarily used by senior citizens, who stand in long queues to submit their forms, and are generally not fluent with internet or mobile-based banking tools. This initiative, however, aims to make the process both intuitive and seamless.
Key Issues identified from field study
Proposed Solution
The project aims to redesign the submission and filing process to make it simpler for senior citizens. It will leverage channels most familiar to the elderly, such as messaging applications like WhatsApp and SMS.
Problem Statement / Problem identified:
In India, women often face barriers to saving money due to various reasons such as lack of financial literacy, limited access to banking services, and complex user interfaces of existing savings applications. These challenges make it difficult for women to save money effectively and efficiently.
Proposed Project Phase:
We propose the implementation of an improved UI/UX for the Frictionless Savings App. Our primary objective is to create a user-friendly and intuitive interface tailored to the specific savings needs and preferences of women. By simplifying the savings process and incorporating features that promote financial literacy and empowerment, we aim to encourage regular saving habits among women.
Conclusion:
The Frictionless Savings Product for Women project strives to impact and enhance women’s saving practices in India. By designing an intuitive and women-friendly user experience, we aim to provide women with a technological means to take more control over their financial futures and help them achieve their family’s long-term financial goals.
Partners
