Bank FD time out (maturity) compulsory in bank
This query is : Resolved
Quick Summary
Kollipara Sundaraiah
(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.
A person fixed deposit in bank.if bank FD maturity after FD amount withdrawal compulsory or renewal not accepted for bank new provision applicable.
CA R SEETHARAMAN
(Expert)
18 May 2022
It can be renewed with a request. No automatic renewal. Withdrawal not compulsory.
Message likes :
1 times
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.
Message likes :
1 times
Kollipara Sundaraiah
(Querist)
18 May 2022
a person FD amount maturity after continuing savings bank account rate of interest new rules applicable
CA R SEETHARAMAN
(Expert)
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
