Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

SFT-005 No FD done..still ICICI reported 24 lakhs time deposit ??

353 views

Save Share

Sumit Kumar Gupta

MBA

38 Points Posted on 17 July 2026

I have noticed a wrong transaction reported by ICICI bank on 08/06/2024 . I have neither made any FD nor cashed out any FD on 08-June.

Why ICICI has reported wrong SFT-005 transaction on AIS ?

Gross amount received = 24 lakhs

Gross amount paid to the person = 26 lakhs

Could you guys advise what can be done in this case ?

Replies (2)

Quick Summary

A user has reported an incorrect transaction on their AIS statement, showing a £24 lakh time deposit from ICICI Bank on 8th June 2024, which they did not make. The bank has reported both gross amounts received and paid. This might be due to auto-sweep or flexi deposits. The advice given is to check sweep statements and, if no deposit is found, provide 'Information is denied' feedback to AIS to prompt the bank to review and correct the entry.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

121546 Points Posted on 17 July 2026

File fedback in AIS that 'the data do not belong to you.'

Aashok Kumar Sharma

Finance/Compliance Consultant

78018 Points Posted on 31 October 2026

Such entries usually arise from auto-sweep or flexi deposits created from the savings account, which banks report as time deposits under Rule 114E; check the sweep statement for that date, and if no deposit exists, give AIS feedback 'Information is denied' so the bank is asked to confirm or correct it.