Fixed deposit renewal

Others 319 views 2 replies

Dear Sir/Madam

I had a Fixed Diposit with a Bank.for a Locker and that FD has been Lien to the Locker.In the Mean time the Maturity Date has been gone for some time i.e for 90 Days. Now I am renewing the Deposit.Bank is Insisting it to renew from the Original maturity Date .He is Renewing it from Now.And Paying me with a Lesser rate of Interst for 90 days.

Has the Bank given me Justice.

 

Please Clarify

Replies (2)

By renewing from the Original maturity Date you will not lose interest for 90 days. If it  is renewed it from Now you will lose interest for 90 days.

Bank is justified in renewing it from original maturity date.

 


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