A fixed deposit is a popular investment tool that allows you to invest your money for a set tenure. During this period, you earn a fixed per cent of interest on the invested amount. If you’ve invested in an FD, it’s important to stay updated on the interest amount you earn. This helps you to plan your financial goals better as you’re aware about your investment and overall income.
A provisional interest certificate helps you to stay updated on your interest amount. It provides a detailed insight into the estimated interest income you’ll earn on your ongoing fixed deposit during the financial year. This certificate simplifies financial record-keeping.
Sections of your fixed deposit provisional interest certificate:
Deposit number: When you book an FD, a unique string of numbers is assigned to your deposit. It’s known as the deposit number. This FD number helps you track details of your deposit.
Deposit amount: This section outlines the principal amount you’ve invested in the fixed deposit.
Interest start date: This signifies the commencement of interest accrual on your fixed deposit. It marks the point from which your investment begins to generate earnings.
Maturity date: This section marks the end of your fixed deposit. It signifies the end of your deposit term, and when you’re entitled to the accumulated principal and the accruing interest.
Interest payment frequency: This component shows how frequently your interest is credited or paid out. If you’ve opted for a cumulative FD, you’ll receive the interest amount at the time of maturity. While if you have a non-cumulative FD, you can get the interest amount as per the selected pay out option.
Rate of interest: The rate of interest (per annum), is a critical factor in determining your interest earnings. This percentage indicates the annual interest rate at which you will be earning on your invested amount.
Estimated interest for the financial year: This section provides an estimate of the interest you might earn during the fiscal year, helping you plan your finances more effectively.
Lien status: This section informs you whether any portion of your fixed deposit has been pledged as collateral against a loan.
If you have a Bajaj Finance Fixed Deposit, you can download your provisional interest certificate easily by visiting our customer portal – My Account.
You can follow this step-by-step guide and download your provisional interest certificate in a few simple steps.
- Click on the ‘Sign-in’ button on this page to visit My Account – Bajaj Finance customer portal.
- Enter the registered mobile number and the OTP to sign-in.
- Verify your details by entering your date of birth and proceed.
- Select your deposit from the ‘Document Centre’ section.
- Click on the ‘Provisional Interest Certificate’ to download it.
You also use our app and download your provisional interest certificate while you are on the go. Visit the Play Store/ App Store and download the Bajaj Finserv app today.
