Pranam Had you not specified for auto renewal it won't be done as banks used to do earlier. So one has to exercise option either for auto renewal or credit to sb ac KR IRS 5721
On Mon, 5 Jul 2021 at 17:20, 'RAVI SHANKAR' via iyer123 < [email protected]> wrote: > The Circular is Attached herewith > > Earlier it will be auto renewed as FD > > Is that continue now or ..... ?? > > > > On Monday, 5 July, 2021, 3:12:05 pm IST, Rajaram Krishnamurthy < > [email protected]> wrote: > > > Pranam > > RBI New FD Rules: Claim your money as soon as the Fixed Deposit matures or > you will face a loss > > The Reserve Bank of India (RBI) has changed the rules for Fixed Deposits > as it said that if a customer has not claimed FD even after maturity, > then he/she will have to bear the loss in terms of interest in savings. > > The Reserve Bank of India (RBI) has changed the rules for Fixed Deposits > as it said that if a customer has not claimed FD even after maturity, then > he/she will have to bear the loss in terms of interest in savings. The bank > further stated that customers can still earn interest after Term Deposit > (TD) matures and proceeds are unpaid. > > "It has been decided that if a Term Deposit (TD) matures and proceeds are > unpaid, the amount left unclaimed with the bank shall attract rate of > interest as applicable to savings account or the contracted rate of > interest on the matured TD, whichever is lower," the RBI stated in > statement. > > KR: Then either give an auto renewal if inability exists or ask them to > credit to your SB ac which yields some interest. (KR IRS 5721) > > -- > You received this message because you are subscribed to the Google Groups > "iyer123" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > To view this discussion on the web visit > https://groups.google.com/d/msgid/iyer123/CAL5XZopdDTrbC44ESNW9YZn7yRxh4nXCpzsQi9k4DnduLHCkbQ%40mail.gmail.com > <https://groups.google.com/d/msgid/iyer123/CAL5XZopdDTrbC44ESNW9YZn7yRxh4nXCpzsQi9k4DnduLHCkbQ%40mail.gmail.com?utm_medium=email&utm_source=footer> > . > > -- > You received this message because you are subscribed to the Google Groups > "iyer123" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > To view this discussion on the web visit > https://groups.google.com/d/msgid/iyer123/255657790.913416.1625485851372%40mail.yahoo.com > <https://groups.google.com/d/msgid/iyer123/255657790.913416.1625485851372%40mail.yahoo.com?utm_medium=email&utm_source=footer> > . > -- You received this message because you are subscribed to the Google Groups "Thatha_Patty" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/thatha_patty/CAL5XZorXOm7xzCCjWO6wtUwm50NeMh-9xRmvg-OcS6j2Q1o_DQ%40mail.gmail.com.
