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Bank FD time out (maturity) compulsory in bank

This query is : Resolved 
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(Querist)
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.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
18 May 2022 It can be renewed with a request. No automatic renewal. Withdrawal not compulsory.
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
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.
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Kollipara Sundaraiah

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Kollipara Sundaraiah (Querist)
18 May 2022 a person FD amount maturity after continuing savings bank account rate of interest new rules applicable
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 May 2022 It's for persons not renewing FD.
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