Regarding Entry of SFT-005 in Form 26AS

Navin Talati (Others) (44 Points)

25 August 2020  

Dear Sirs,

I am a Sr. citizen. My question is regarding the entry by the Bank in my New Form-26AS for the F.Y.2019-20 (A.Y.2020-21).

Sir, I am holding a FDR/TDR  since year 2011 with a Bank. Since then I am renewing it from time to time. During this year (i.e. F.Y.2019-20 ) also, I renewed my FDR/TDR for further some years as it was maturing. The BANK has shown it in Form-26AS as SFT-005 under Part E - Details of SFT Transaction. 

Sir, I needs your valuable guidance regarding this for following points:

  1. Does the RENEWED fixed deposit or term-deposits are required to be reported as SFT-005? – ( I understand that it is excluded).
  2. As the bank has reported, how to get it rectified?
  3. What formalities need I do?

Please guide me in detail for this.

Regards.

N.M.Talati /25-08-2020