12 Interest Certificates

This topic describes the information about Interest Certificates option. Using this option, the user can view and download interest certificates for current and savings accounts, deposits (Term Deposits and Recurring Deposits) and loans.

An interest certificate is a summary of the interest credited or debited on an account. Banks issue interest certificates against accounts held by users, so that they can ascertain how much interest they have gained on their balances in their CASA or deposit accounts, or how much interest they have paid on their loans.

Interest certificates are widely used to complete tax returns.

Note:

Interest certificates prior to 3 years are not available.

To generate Interest Certificates:

1. Perform any one of the following navigation to access the Interest Certificates screen.
   • From the Dashboard, click Toggle menu, and then click Menu. From the Menu, click Accounts, and then click Certificates . From the Certificates , click Interest Certificates.
   • Access through the kebab menu of Certificates (Balance Certificates & TDS Certificates).
2. Navigate to one of the above paths.
   The Interest Certificatesscreen appears.

   Figure 12-1 Interest Certificates

   
   

   
   Description of "Figure 12-1 Interest Certificates"

   
   

   Note:

   The fields which are marked as Required are mandatory.

   For more information on fields, refer to the field description table.

   Table 12-1 Interest Certificates - Field Description

   Field Name	Description
   Account Category	Specify the account category for which the interest certificate has to be generated. The options are: Current & Savings Deposits Loans & Finances
   Select Interest Certificate for	The option to specify whether the interest certificate is to be generated for a specific account or for all accounts of the specific account type. The options are: Specific Account All Accounts
   Account Number	Select the account number for which the interest certificate to be generated. This field is enabled if you have selected the Specific Account option in the Select Interest Certificate for field.
   Select Period	Define a period for which the interest certificate to be generated. The options are: Financial Year Duration
   Financial Year	The financial year for which the interest certificate for the account/s is to be generated. This field is enabled if you have selected the Financial Year option in the Period field. Note: Interest certificates prior to 3 years are not available.
   From Date	The start date of the date range from which interest certificate to be generated. This field is enabled if you have selected the Duration option in the Choose a period for generating Interest Certificate field.
   To Date	The end date of the date range till which interest certificate is to be generated. This field is enabled if you have selected the Duration option in the Choose a period for generating Interest Certificate field.

3. From the Account Category list, select the account category for which the interest certificates are to be generated.
4. In the Select Interest Certificate for field, select the desired option for which the interest certificate is to be generated.
   1. If you have selected Specific Account;
      From the Account Number list, select the account for which interest certificate is required.
   2. If you have selected All Accounts;
      The interest certificates of all the associated current and savings accounts, will be generated once you select Apply after selecting further options.
5. In the Select Period field, select the desired option.
   1. If you have selected Financial Year;
      1. From the Financial Year list, select the financial year of choice.
   2. If you have selected Duration;
      1. From the From Date list, select the start date of the date range from which to generate the interest certificate.
      2. From the To Date list, select the end date of the date range up-to which the interest certificate is to be generated.
6. Click Apply to generate the interest certificate/s based on the defined criteria.
   The interest certificate gets displayed. Click Reset to clear the details entered.

   Figure 12-2 Interest Certificates - Outcome

   
   

   
   Description of "Figure 12-2 Interest Certificates - Outcome"

   
   

   Note:

   The fields which are marked as Required are mandatory.

   For more information on fields, refer to the field description table.

   Table 12-2 Interest Certificates - Outcome - Field Description

   Field Name	Description
   Filter Criteria	All the criteria defined in the provided fields to search or filter results will be displayed in read only mode.
   Records on Filter Criteria	The following fields are displayed as records based on filter criteria defined.
   Account Number	The account number for which the interest certificate has been generated.
   Product Type	The product type for which interest was credited/debited.
   Date	The date on which interest was credited/debited in the account.
   Interest Credited	The amount of interest which was credited in the account. This field is displayed for Current and Savings and Deposits accounts.
   Interest Paid	The amount of interest which was debited from the account. This field is displayed only for Loan accounts.

7. Click Download to download the certificate in pdf format.
   Click on the icon to change filter criteria.