When you are filing your Income Tax Return (ITR) for the Financial Year 2025-26 (FY 25-26), you will need an interest certificate to back up any claims for interest income or deductions on loan interest. It is essential for verifying interest amounts, whether for financial audits or for just keeping your personal records in check.
An interest certificate is a document issued by a bank where you hold your deposit(s). It shows the exact amount of interest credited to or charged on your account during the financial year, making it an important document for filing your income tax return and maintaining accurate financial records.
