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Can Tax Saving FD be renewed on maturity or does it compulsorily have to be surrendered with no renewal choice?

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  • Can Tax Saving FD be renewed on maturity or does it compulsorily have to be surrendered with no renewal choice?


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Answer #1 | 21/12 2013 08:04
Renewing or closing and again go for new FD is almost same. In case of renewal the paper work will be less. As you said, two banks procedure may different. It depends on their software and policy.
Answer #2 | 21/12 2013 08:58
let both FD maturity comes one by one. After that make the FD at one bank only. it will easy for you to handle at times of maturity. Select the option of amount comes back to your account.

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