A fixed deposit (FD) receipt is an official document provided by a bank or financial institution as proof of an investor’s fixed deposit. It includes key details such as the principal amount, interest rate, tenure, and maturity date. This receipt is essential for withdrawing the deposit upon maturity or prematurely. It also serves as an acknowledgment of the investment, outlining its terms and conditions while ensuring the investor's funds remain secure and generate a fixed return over time
When you book a fixed deposit, you receive an acknowledgement from the financial institution, which is known as the fixed deposit receipt (FDR). It’s an important document, which acts as proof of investment.
What are the components of a Fixed Deposit Receipt (FDR)
The components of a Fixed Deposit Receipt (FDR) typically include:
- Depositor’s details: Name, address, and contact information of the account holder.
- Deposit amount: The principal amount invested in the fixed deposit.
- Interest rate: The annual interest rate applicable to the deposit.
- Tenure: The duration for which the deposit will be held, ranging from a few months to several years.
- Maturity date: The date on which the fixed deposit will mature and the investor can claim the principal along with the interest.
- Interest payment frequency: Details on how and when the interest will be paid, such as monthly, quarterly, or annually.
- Account number: The unique number assigned to the fixed deposit account.
- Nominee details: Information about the nominee, if any, who will receive the deposit in case of the depositor’s demise.
- Premature withdrawal terms: Conditions and penalties associated with withdrawing the deposit before maturity.
- Bank’s details: Name, branch, and contact information of the issuing bank or financial institution.
A fixed deposit receipt (FDR) is a document obtained when you invest your savings in a fixed deposit account with a financial institution. The FDR serves as a written confirmation of the deposit, its maturity date, and the interest rate applicable. This document has crucial details such as name, age, address, details, and more.
Your FD receipt consists of important details of your investment. Here is the list of FD receipt components that you can check.
- Check your fixed deposit details such as deposit amount, deposit period, and rate of interest.
- Check other details like FD number, maturity amount, maturity date and more.
- You can also find details of your nominee, joint accountholder if there’s any.
- Bank account details such as account number, IFSC and more.
- It also has information about premature withdrawals, which include applicable penalty.
- This document also has crucial contact information of the depositor.
When you invest in our fixed deposit, you get easy access to all your FD-related documents in Bajaj Finance service portal
We have a dedicated section called ‘Document Centre’ on our service portal where you can download your FD receipt from the comfort of your home.
Whether you’ve booked the FD with us online or by visiting our branch, you can easily download a receipt by visiting our service portal.
Factors to check in a Fixed Deposit Receipt
Fixed deposits (FDs), also known as term deposits, operate based on several key factors that determine their performance. One crucial aspect is the applicable interest rate and deposit term. These details must be double-checked, especially during renewal, as interest rates fluctuate over time and may differ from the original rate.
The maturity date and auto-renewal details should also be verified. For goal-oriented investments, such as funding higher education, accessing the funds at the right time is essential. Otherwise, premature withdrawal might be necessary, leading to interest loss. Additionally, if auto-renewal is enabled, it is important to confirm the renewal schedule.
Another consideration is penalties and charges. Some banks impose penalties for early withdrawals, which vary across institutions and should be reviewed to avoid surprises. Lastly, checking the nomination details ensures that the correct nominee is designated to receive the FD proceeds in case of unforeseen circumstances.
How to download your Fixed Deposit Receipt?
To download your Fixed Deposit Receipt (FDR) from Bajaj Finserv, follow these steps:
- Login: Visit the Bajaj Finserv website or mobile app and log in using your registered mobile number or email ID.
- Navigate to Fixed Deposits: Go to the ‘Fixed Deposits’ section under “Your relations” after clicking on ‘Service.’
- Select the FD Account: Choose the specific fixed deposit account for which you need the receipt.
- Download Receipt: Look for an option to view or download the Fixed Deposit Receipt. Click on this option.
- Save the Receipt: The receipt will be generated in PDF format. You can save it to your device or print it for your records.
If you encounter any issues, Bajaj Finserv's customer support can assist you with downloading your FDR. Ensure your contact details are updated for seamless access to your investment information.
A step-by-step guide to downloading your fixed deposit receipt
- Click on the ‘Sign-in’ option below to visit our service portal.
- Enter your registered mobile number and the OTP to sign-in.
- Verify your details by entering your date of birth and proceed.
- Select your fixed deposit from the ‘Document Centre’ section.
- Find all your FD-related documents here and click on ‘Fixed Deposit Receipt’ to download it.
What to do if you lose your fixed deposit receipt
Losing your physical Fixed Deposit Receipt can be stressful, but you can secure your investment by following a systematic replacement process. Your money remains safe with the institution, and the loss does not cancel your underlying deposit agreement.
First, inform Bajaj Finance immediately in writing about the misplaced document to prevent unauthorized premature withdrawals or fraudulent claims. Next, you must submit a formal application requesting a duplicate receipt along with your original account details and identity proofs.
Lenders generally require you to sign a standard indemnity bond on stamp paper, which releases the company from future liability if the original receipt is ever misused. Once the background verification is complete and the processing fees are paid, a fresh duplicate receipt will be issued to your registered address.
What is the significance of an FD receipt
- Proof of investment – The FD receipt serves as an official document confirming the investor’s fixed deposit with a bank or financial institution.
- Details of deposit – It includes crucial details such as the principal amount, interest rate, tenure, and maturity date, helping investors track their investment.
- Maturity and withdrawal reference – The receipt acts as a reference for withdrawing the FD amount upon maturity or initiating premature withdrawal if needed.
- Renewal and interest rate verification – It helps in verifying the applicable interest rate, especially at the time of renewal, ensuring accuracy in investment terms.
- Penalty and charges information – Any penalty for premature withdrawal is often mentioned in the receipt, preventing confusion about deductions.
- Nomination details – It specifies the nominee who will receive the FD proceeds in case of the depositor’s unfortunate demise.
- Security assurance – The FD receipt reassures the investor that their funds are securely held and will yield a guaranteed return.
Can you apply for loan against FD using your FDR
Yes, you can readily use your physical or digital Fixed Deposit Receipt as collateral to secure a formal Loan Against Fixed Deposit. Instead of prematurely breaking your account and losing out on accrued interest earnings, pledging your FDR allows you to unlock urgent liquidity while keeping your core savings intact.
Lenders like Bajaj Finance offer this secured credit facility up to a specific percentage of the total deposit value. Since the loan is backed by your own funds, the approval turnaround is exceptionally fast, requiring zero extensive income documentation or high credit score thresholds. Your investment continues to grow safely, and you only pay a nominal interest rate slightly above your regular deposit yield.
You can also download other FD-related documents easily from the ‘Document Centre’ section. You’ll find documents such as interest certificate, Form 15G/ H, statement of account and more in one place.
Our service portal offers fixed deposit services such as managing nominee details, renewing your FD, and applying for a loan against FD.
Click here to learn how to manage your Fixed Deposit in service portal.
