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.