FD details to be added to CAS statements
In short
Fixed deposit details will soon appear in consolidated account statements, or CAS statements. These statements are usually sent by NSDL, CDSL, Karvy or CAMS and already show mutual funds, bonds and listed shares.
This matters because it could make it easier for people to track their savings in one place. The reporting does not say when the change will start or exactly which FDs will be included.
What the reporting says
Fixed deposit details will soon be included in consolidated account statements, according to the publisher summary. The report says CAS statements are usually sent by NSDL, CDSL, Karvy or CAMS and already show demat and non-demat holdings such as mutual funds, bonds and listed shares. The rollout date, scope and whether all FDs will be covered are not stated.
Why it matters
Fixed deposit details will soon be added to consolidated account statements, according to the publisher summary. CAS is already used by NSDL, CDSL, Karvy and CAMS to show demat and non-demat holdings such as mutual funds, bonds and listed shares. The source does not say when the change begins or which account holders will see it first.