FD Rules Change: RBI has changed the rules of FD! Know the new rules immediately, otherwise there will be a big loss

FD Rules Change: RBI has changed the rules of FD! Know the new rules immediately, otherwise there will be a big loss

 

 

FD Rules Changed: If you are also thinking of getting FD then you should be aware of this news. RBI has changed the rules of FD. If you are not aware of these rules then you may have to bear the loss. After this change, if your FD is not claimed even after maturity and the money is lying with the bank, then you may have to suffer the loss of interest on FD.


New Delhi: FD Rules Changed: If you also put money in fixed deposits, then there is news of work for you. RBI has changed the rules related to FD. The new rules have also come into effect. For the past few days, many government and non-government banks have congratulated the interest rates on FDs. Therefore, before getting an FD, act a little wisely. If you do not know these rules then you may have to suffer loss.

Also Read :  7th pay commission: Big news! Arrears will be paid, up to 40,000 rupees will come in the account in July, know details here

Changed rules on maturity of FD

Actually, RBI has made a big change in the rules of Fixed Deposit (FD) that now after the completion of maturity, if you do not claim the amount, then you will get less interest on it. This interest will be equal to the interest received on the savings account. Currently, banks usually give more than 5% interest on FDs with a longer tenure of 5 to 10 years. Whereas the interest rates on savings account are around 3 percent to 4 percent.

RBI issued this order

Never Miss An Update
Join Us On Twitter Click Here
Join Us On Telegram Click Here
Join Us On Instagram Click Here
Join WhatsApp Group Click Here
Download Our App Click Here

According to the information given by RBI, if the fixed deposit matures and the amount is not paid or claimed, then the interest rate on it according to the savings account or the rate of interest fixed on the matured FD, Whichever is less will be given. These new rules will be applicable on deposits in all commercial banks, small finance banks, cooperative banks, local regional banks.

Also Read :  7th Pay Commission: Update on 18 months DA arrears, 1.50 lakh rupees will come together in salary, confirmed

Know what the rules say

Understand this in such a way that, suppose you have got an FD with maturity of 5 years, which has matured today, but you are not withdrawing this money, then there will be two situations on this. If the interest received on FD is less than the interest on the savings account of that bank, then you will continue to get the interest on FD. If the interest earned on FD is more than the interest earned on the savings account, then you will get the interest on the savings account after maturity.

This was the old rule

Earlier, when your FD matured and if you did not withdraw or claim it, then the bank used to extend your FD for the same period for which you had made the FD earlier. But now this will not happen. But now if the money is not withdrawn on maturity, then FD interest will not be available on it. So it would be better if you withdraw the money immediately after maturit,

Also Read :  NPS Retirement Planning: Now you will get 2 lakh rupees pension every month after retirement, know the way of investment
Download Our App For Quick Updates Click Here
Join Whatsapp Group
Download App
Join Telegram
error: Content is protected !!
Join Our Whatsapp Group