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.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
11 August 2026
Chartered Accountant

Aviv Global Pvt Ltd

Ahmedabad

CA

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
18 August 2026
Audit Assistant - Remote / Work From Home

CA ANOOP P K & ASSOCIATES

Kozhikode

CA Inter

View Details
Company
11 August 2026
COMPLIANCE EXECUTIVE

YMW COMPLIANCE SERVICES LLP

Others

CA Final

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details