Kotak FD | Difference in maturity amount

[|V|]

So I had created an FD 5 years back and following. were the details mentioned in the FD advice receipt.



Now, I received an email which says :
Your Fixed Deposit XXXXX is maturing on 09-JAN-2025. The same will be actioned as per your maturity instruction registered with us. Please find the details as below:

Principal Amount: INR 110000.00
Deposit Date: 09-JAN-2020
Interest Rate: 6.1
Tenure: 60 months and 0 days
Maturity Amount: INR 146322.00
Maturity Instructions: AUTO CLOSURE

The difference in Maturity amount is 2497 Inr.
This is the second time its happening, the difference in promised maturity amount vs received amount. Earlier let it go but this time I wanted some clarity.

Is there any calculation which I am not able to understand ? Anyone has similar experience or can share more clarity on above ?

Thanks

 

[Jack007]

So I had created an FD 5 years back and following. were the details mentioned in the FD advice receipt.

View attachment 79638

Now, I received an email which says :
Your Fixed Deposit XXXXX is maturing on 09-JAN-2025. The same will be actioned as per your maturity instruction registered with us. Please find the details as below:

Principal Amount: INR 110000.00
Deposit Date: 09-JAN-2020
Interest Rate: 6.1
Tenure: 60 months and 0 days
Maturity Amount: INR 146322.00
Maturity Instructions: AUTO CLOSURE

The difference in Maturity amount is 2497 Inr.
This is the second time its happening, the difference in promised maturity amount vs received amount. Earlier let it go but this time I wanted some clarity.

Is there any calculation which I am not able to understand ? Anyone has similar experience or can share more clarity on above ?

Thanks

It could be TDS deduction for the current year interest

 

[|V|]

It could be TDS deduction for the current year interest

FD Interest hasn't exceed 40k limit.

 

[talkwithfino]

FD Interest hasn't exceed 40k limit.

send an email to customer care and see....

Thread 'All Banks Customer Care Dept Contact Info (Mail and Phone Numbers)'

Apr 14, 2024

Hello Everyone,

Here, you can find Bank's Customer Care Dept details (Banking related queries)

• talkwithfino
• Replies: 99
• Forum: Informative Threads

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If required, just submit Form 15 G/H whichever is applicable to you

 

[ccdc]

normally TDS is deducted on actual paid in account....you have to connect with branch officials to get more info on this...