RBI Bank FD Rules: If you have also got FD done in the bank or have a plan to get fixed deposit, then big information has been given by RBI. The Reserve Bank has made a big change in the FD rules (RBI FD rules). The new rules have also become effective.
If you have also got FD in the bank or have a plan to get fixed deposit, then big information has been given by RBI. The Reserve Bank has made a big change in the FD rules (RBI FD rules). The new rules have also become effective. So before depositing your money, take information about the new rules of RBI, so that you do not have to suffer loss in any way.
RBI has given information that after the increase in the prices of repo rates by the Reserve Bank, banks have also started increasing the interest rates of FDs. RBI has changed the rules of FD after this.
Know what is the new rule?
Let us tell you that the Reserve Bank has told that from now on if you do not claim your amount even after completion of maturity, then you will get less interest on it i.e. you will be at a loss. Explain that this interest will be equal to the interest received on the savings account.
The Reserve Bank told why the rules have changed , according to the information received from the Reserve Bank of India, if your FD has matured and no further payment is required, then the interest on it will be the same as that of the savings account. Will get or fixed interest on FD, according to which of these two is less, you will get the benefit of interest.
Let us tell you that these rules apply to all banks, these new rules will apply to deposits in all commercial banks, small finance banks, cooperative banks, local regional banks.
Understand by example, for example, if you have made an FD with a period of 5 years, which has matured today, but you do not withdraw this money today, then the interest on your FD and the interest being paid on the savings account will be different. Whichever amount is less out of the two, you will get the benefit of interest accordingly.
What were the rules now?
Let us tell you that before this, if you do not claim after the FD matures, then after that the bank used to extend your FD for the same period for which you had made the deposit, but now it will not happen. That’s why you withdraw your money immediately after maturity.
