Fixed Deposit Auto-Renewal — Smart or Not?

Most Indian banks offer FD auto-renewal at maturity, so your deposit keeps earning interest without manual intervention. The renewed FD will earn interest at the bank’s prevailing rate on the renewal date — and you can always update instructions before maturity.

📘 Full guide here:
https://www.bankbazaar.com/fixed-deposit/auto-renewal-of-fixed-deposit.html
https://www.icici.bank.in/blogs/fixed-deposits/auto-renewal-of-fixed-deposit

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