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Upload an Excel File containing your bank statement




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Identify Which Note/Narration/Text denotes savings bank interest and FD/RD interest in your bank statement.
  • Please do not forget to enter the proper savings bank/credit interest entry identifier for the bank statement you are about to upload.
  • Every bank has a different identifier. Select the correct identifier before uploading the bank statement.
  • If the identifier text is not found in the bank statement, the savings bank interest may not be added. Same advice applies to the interest on FD (Fixed Deposit) or (RD) Recurring Deposit.
Identify Which Column number (1-based index i.e. starting from 1) contains the Note/Narration/Text that denotes savings bank interest and FD/RD interest in your bank statement.
  • Please do not forget to enter the proper savings bank/credit interest entry identifier column number for the bank statement you are about to upload.
  • Every bank has a different column number for the identifier. Select the correct column number for the identifier before uploading the bank statement.
  • If the identifier text is not found in the bank statement in the given column, the savings bank interest may not be added. Same advice applies to the interest on FD (Fixed Deposit) or (RD) Recurring Deposit.
Identify Which Column number (1-based index i.e. starting from 1) contains the deposit amount in your bank statement.
  • Please do not forget to select the proper savings bank/credit interest Deposit amount column number for the bank statement you are about to upload.
  • Every bank has a different column number for the deposit column. Select the correct column number for the deposit column before uploading the bank statement.
  • If the deposit amount is not found in the bank statement in the given column, the savings bank interest may not be added. Same advice applies to the interest on FD (Fixed Deposit) or (RD) Recurring Deposit.
Bank statements
  • Please refer to the bank account statement you have provided. If you possess multiple bank accounts, use the calculator to combine statements from different accounts. Ensure that each bank statement is uploaded only once for a specific period (for example, six months within the relevant financial year) and for one bank. It is recommended to consult with your tax advisor or contact us for additional details.
Deductions (Chapter VI-A) Related to Bank Savings accounts and FD/RD accounts
  • 80TTA/80TTB: Savings interest deduction (₹10,000 / ₹50,000 for senior citizens).
    Interest must be reported as "Income from Other Sources" first; deduction is then claimed under Section 80TTA.
  • Breakdown
    • Interest from Fixed Deposits (FDs) – Taxable under Income from Other Sources.
    • Interest from Recurring Deposits (RDs) – Also taxable under Income from Other Sources.
    • Savings Bank Interest – Taxable under Income from Other Sources, but eligible for deduction.
    • Section 80TTA: Deduction up to ₹10,000 for savings bank interest (for individuals and HUFs, other than senior citizens).
    • Section 80TTB: Deduction up to ₹50,000 for savings bank interest + FD/RD interest (only for senior citizens, i.e. aged 60+).

    • 👉 So, except in the case of senior citizens under 80TTB, FD and RD interest are fully taxable with no separate deduction.

Screenshots
  • Bank statement example for FD/RD interest and Savings interest entries

    The example below shows two Savings Bank Interest entries (denoted by :Int.Pd:) and one FD (Fixed Deposit) interest entry (denoted by Int on FD/RD).

    The naration column number is 5 and deposit column number is 7 in the example image below.

    Different banks may provide varying entries. It is advisable to consult with the relevant bank representative to identify how interest for savings accounts and fixed or recurring deposits is shown in the account narrative or comments.

    Bank statement example for FD/RD interest and Savings interest entries
  • Bank statement example for FD/RD interest and Savings interest entries

    The example below shows four Savings Bank Interest entries (denoted by CREDIT INTEREST CAPITALISED) and one FD (Fixed Deposit) interest entry (denoted by FD INTEREST CAPITALISED or similar). Please check your bank statement for exact narration.

    The naration column number is 2 and deposit column number is 5 in the example image below.

    Different banks may provide varying entries. It is advisable to consult with the relevant bank representative to identify how interest for savings accounts and fixed or recurring deposits is shown in the account narrative or comments.

    Bank statement example for FD/RD interest and Savings interest entries