Bank FD time out (maturity) compulsory in bank


This query is : Resolved 

Quick Summary
If your bank Fixed Deposit (FD) has reached maturity, you generally have a choice. Withdrawal is not compulsory, and you can opt to renew the FD at the bank's current interest rate. If you don't actively renew, the funds may continue earning interest at the savings account rate, depending on new bank provisions for non-renewed FDs.

18 May 2022 Sir,
A person fixed deposit in bank.if bank FD maturity after FD amount withdrawal compulsory or renewal not accepted for bank new provision applicable.

18 May 2022 It can be renewed with a request. No automatic renewal. Withdrawal not compulsory.

18 May 2022 it will be renewed at the new rate of interest. withdrawal is not necessary. you can continue from the date of meturity.

18 May 2022 a person FD amount maturity after continuing savings bank account rate of interest new rules applicable

19 May 2022 It's for persons not renewing FD.


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