SECURITY DEPOSIT INTEREST STATEMENT
The tenancy concerning __________ commenced on __________.
Security deposit: __________, received on __________.
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.
The record will be held by __________ and may be shown only to the landlord, tenant, authorised property manager or property consultant involved in this tenancy, a bank or payment service provider where this document expressly instructs payment, a verification agency instructed for the stated purpose, and a statutory or tax authority where disclosure is required for the transaction recorded here.
If the transaction does not proceed, or this document is withdrawn before it takes effect, the personal data will be retained for 90 days from that decision and then erased. If the transaction proceeds, the record will be retained for the term of the tenancy or transaction plus 12 months and then erased, except for a record that a statute requires to be kept for a longer named period.
Data minimisation: this document deliberately does not require a full Aadhaar number, Aadhaar-card copy, passwords or unrelated identity material. Detailed KYC should remain in the separate KYC workflow; tax or payment identifiers are collected here only where the whole purpose of this document requires them.
ACKNOWLEDGMENT
______________________________
Signature
Landlord: __________
Place: ____________________
Date: ____________________
______________________________
Signature
Tenant: __________
Place: ____________________
Date: ____________________