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Security Deposit Interest Statement

At a glance

Price
₹99 · GST included
Stamp duty
No stamp duty — records a tenancy fact, not a new interest.
Registration
Not compulsory — not a s.17(1)(d) registrable lease, Registration Act, 1908.
Witnesses
Not required, unless recast as a separate witnessed undertaking.

₹99

GST included

Launch period: downloads are free for now. The prices shown apply once payments open.

Guided questions, full draft on screen, download in Word.

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Also called

  • deposit interest account
  • security deposit interest calculation

Whether you can fill this in here

You can fill this in here

You can fill this one in on this site, and read the whole draft on screen before you decide anything about it. It is a carefully drafted template; it is not advice about your own facts.

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Why you need it

When you need it

States a deposit's interest treatment plainly — payable or not, period, rate/basis, resulting amount — since disputes arise when one side assumes interest accrues and the other doesn't. Creates a clean account rather than leaving the basis assumed.

See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

No stamp duty — records a tenancy fact, not a new interest. New rights created are stamped on their true character.

Registration

Not compulsory — not a s.17(1)(d) registrable lease, Registration Act, 1908.

Notarisation

Not required — a dated signature or delivery record works better.

Witnesses

Not required, unless recast as a separate witnessed undertaking.

Talk to a lawyer about this document₹3,539 including GST (₹2,999 + 18% GST), per documentRequest Stamp Paper

Sample preview — placeholder answers, not your data

SECURITY DEPOSIT INTEREST STATEMENT

The tenancy concerning Flat 804, Maya Garden City, Zirakpur, Punjab commenced on 1 April 2026.

Statement date: 4 April 2026.

Security deposit: ₹90,000 (Rupees Ninety Thousand only), received on 2 April 2026.

Interest basis: No contractual interest is payable.

Interest period: 3 April 2026 to 5 April 2026. Interest: ₹5,400 (Rupees Five Thousand Four Hundred only). Net credit/payable: ₹5,400 (Rupees Five Thousand Four Hundred only).

Calculation note: Simple interest at 6% for 12 months

This statement does not create interest where the tenancy instrument provides none and does not authorise deduction from the deposit except under the tenancy terms and Punjab or Chandigarh law.

PERSONAL DATA NOTICE

This notice is given under the Digital Personal Data Protection Act, 2023. Personal data in this document is collected only to administer and evidence the security deposit interest statement, communicate about that purpose, verify the information expressly supplied, and retain an evidentiary record.

Questions about this document

Does the Security Deposit Interest Statement need stamp paper or stamp duty in Punjab and Chandigarh?

No stamp duty — records a tenancy fact, not a new interest. New rights created are stamped on their true character.

Does the Security Deposit Interest Statement need registration in Punjab and Chandigarh?

Not compulsory — not a s.17(1)(d) registrable lease, Registration Act, 1908.

What does the Security Deposit Interest Statement cost on Kaagazaat?

₹99, GST included.

Launch period: downloads are free for now. The prices shown apply once payments open.

Does the Security Deposit Interest Statement need witnesses?

Not required, unless recast as a separate witnessed undertaking.

Often needed with this document

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