Your deposit will be auto renewed.
- If a deposit of tenure of 6 months & above has matured and if no instruction for renewal is received from the depositor(s) within 14 days (both days inclusive) from the date of maturity, the deposit will be auto renewed for a further period of 1 year at the rate of interest prevailing as on the maturity date.
- If a deposit of tenure of less than 181 days has matured and if no instruction for renewal is received from the depositor(s) within 7 days (both days inclusive) from the date of maturity, the deposit will be auto renewed for a further period equal to the original tenure of the deposit, at the rate of interest prevailing as on the maturity date.