Fixed Deposit

Can I avail loan from BFL against FD of some other NBFC/bank?
No. BFL provides loan against BFL FDs only.
Fri, 12 Mar, 2021 at 9:34 AM
The primary applicant has expired. Can the co-applicant in the FD request for prematurity?
Yes, the co-applicant has to submit a written request, along with the death certificate of the primary holder, and the FDR to nearest branch. Upon verificat...
Fri, 12 Mar, 2021 at 9:35 AM
The primary applicant has expired within a few days of investing in FD. Will BFL still deduct TDS in case of premature withdrawal?
Yes, the TDS will be deducted, if applicable, as per provisions of Income Tax Act, 1961.
Fri, 12 Mar, 2021 at 9:35 AM
If the primary applicant dies, then is it mandatory to inform BFL about the death?
Yes, that's because BFL cannot continue to pay interest and deduct TDS on the PAN of a deceased person
Fri, 12 Mar, 2021 at 9:36 AM
Can I show this FD investment for tax exemption?
BAJAJ FINANCE LIMITED FD investment cannot be shown as an investment under section 80C of the Income Tax Act, 1961('Act') for tax deduction benefit.
Fri, 12 Mar, 2021 at 9:38 AM
When will TDS certificate be provided to the depositor?
The TDS certificate will be emailed to the depositor every quarter.
Fri, 12 Mar, 2021 at 9:38 AM
Is the interest on FD taxable? What is the taxable amount?
Yes, as per Section 194A of the Act, your interest income is taxable when the interest earned from investment in fixed deposits across all NBFCs exceeds ₹5,...
Fri, 12 Mar, 2021 at 9:43 AM
Is tax deducted (if applicable) on every deposit?
No, with effect from 01 Dec 2020, tax will be deducted (if applicable) on PAN-level. This means if a customer has 5 deposits with BFL, BFL will calculate th...
Fri, 12 Mar, 2021 at 9:45 AM
Where can I get and submit form 15 G/H?
1. Experia: Log in to BFL's customer portal Experia > Account Information > My relations > Fixed Deposit Details > View Details (for each de...
Fri, 12 Mar, 2021 at 9:46 AM
How frequently is TDS deducted?
TDS is deducted on quarterly basis for all modes of interest payment, except monthly.
Fri, 12 Mar, 2021 at 9:50 AM