Seeing a huge entry in AIS Purchase of time deposits (SFT-005), what it is for

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A user is perplexed by a large entry labelled SFT-005 from HDFC bank, which appears to represent a significant gain on time deposits. They initially believed it indicated unusually high interest. However, it's clarified that this figure is the cumulative result of multiple Fixed Deposit (FD) creations, liquidations, and renewals throughout the year, not actual interest earned. This entry is separate from F&O trading turnover and, based on past experience, can likely be ignored for tax purposes without issue.

Qamar Alam

Qamar Alam (Querist)

08 August 2026 I can see an entry given by HDFC bank, as SFT 005
it is like I open a 48 lakh TD and got back 68 lakh within same year,
how can hdfc give 20 lakh interest in one year, it is like hdfc started paying 20-30 % interest.
this entry looks huge and bizar, but there is no entry for my FnO turn over,
I am confused if it is some how linked with FnO turn over but reported incorrectly
I also confused because I keep doing FD and pre-mature liquidation but still such a huge interest is beyond my understanding

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)

08 August 2026 The large entry under SFT-005 is caused by the cumulative aggregation of multiple FD creations, liquidations, and renewals throughout the year rather than interest income, and it is entirely unrelated to F&O trading turnover.

Qamar Alam

Qamar Alam (Querist)

09 August 2026 Should we ignore this entry, do we need to bother about, last year similar entry was like I did 1.2Cr FD and took out 1.48 Cr, and I ignored it and nothing happened my ITR was CPC cleared, I dont know why does bank report a data which serves no purpose, just confuse tax payer

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