BusinessPhoto: News18Hi BusinessWhat Happens to FD Money After Maturity and Interest Rules
After a fixed deposit (FD) matures, the treatment of the money depends on the bank's instructions and FD terms. With an auto-renewal option, the FD may restart automatically. Otherwise, the matured amount may be transferred to the linked bank account. If unclaimed, interest is paid at the lower rate between savings account or contracted FD rate. Unclaimed funds for 10 years can be transferred to RBI's DEA fund.
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