Investing in a fixed deposit (FD) is considered a secured investment that provides you with stable returns. When you open an FD, you deposit a specific amount of money for a predetermined period at a fixed interest rate. However, the interest that you earn on your FD is considered as your income and subject to tax deductions at source (TDS).
Financial institutions usually deduct TDS every quarter on the interest accrued on your fixed deposit. The TDS rate may vary based on the applicable tax laws and your income status.
Bajaj Finance offers fixed deposit that comes with the highest safety and credibility ratings. In case you’ve invested in our fixed deposit, you can check your TDS by downloading the TDS certificate. Your TDS certificate gets generated every quarter. It can be easily downloaded by visiting our customer portal – My Account on the website or using our app.
If you’re using our customer portal, follow these simple steps to download your TDS certificate.
- Go to My Account – Bajaj Finance customer portal by clicking on the ‘Download’ button on this page.
- Sign-in by entering your registered mobile number and the OTP.
- Verify your details using your date of birth and proceed.
- Select your FD from the ‘Document Centre’ section.
- Click on ‘TDS Certificate’ to download it.
If you are using our app, you can follow these simple steps to download the TDS certificate on the go.
- Click on the ‘Download’ button on this page to open the ‘Document Centre’ section of the app.
- Select the fixed deposit for which you want to view the documents.
- Click on ‘TDS Certificate’ to download it.
If your total income, including FD interest income, is less than the taxable limit, you may be eligible for a TDS waiver. However, to apply for the TDS waiver, you need to submit Form 15G/ H as a declaration. Once you submit the declaration, you’ll receive the TDS waiver. This means there will be no TDS applicable to your fixed deposits.
If your age is less than 60 years and your total income is below the minimum tax slab for the financial year, you can submit Form 15G. However, if your age is 60 or above, you need to submit Form 15H to apply for a TDS waiver.
Our digital channels – customer portal and the app also allow you to download and submit your Form 15 G/ H easily without any branch visit. You can use our online Bajaj Finance services and submit your declaration is an easy online process.
