FD interest Rate for auto renewal FDs
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Suppose I had opened a FD in OCT 2019 with interest rate 7% for 1 year
Currently interest rate is just 6% for 1 year.
If my FD auto renewed for next 1 year in this OCT, then , will not be with a interest rate of 6% ?
Or it will keep the old interest rate ?
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6 %
ya bro.. it works like that but don’t know why the bank official said … it will be renewed with interest on which it was created .
It doesn’t get renewed with the old interest rate! One of my FD renewed last year, they renewed with the new interest (not interstate lol) rate and not the previous with previous interest rate! It was with HDFC bank!
100% sure it will be done with new interest rates. I had asked the people from my home branch back then.
it will be with new interest rates…
Yes bro. You see the screenshot above, how bank official saying it will renew with old interest rate . So was little confused . But checked with all other sources , it is definitely with new interest rate only
Some of my Physical FDs were renewed/ extended at old interest rate i.e 8-9 % by Indian bank / Dena Bank etc .
Physical FD ? Opened at branch ?
8-9% Great bro .. 
Rather go for debt or liquid funds
Paisa lock bhi nhi hota aur intrest bhi jayada.
Best part btau…..
FD me paisa 6% se badhta hai to 4% par inflation bhi….
Usse Acha 7-8% me debt me daalo.
1 baat aur Yaad rkho….
#AppFDKePicheInflationAapkePiche
still FD is better for immediate requirements . Debt or liquid funds still take 1-2 days or more if a holiday falls in between. Also a little risk is always associated with debt or liquid fund . Debt funds are to go if we do not have any requirement for next 3-5 years . Isse humne short term capital gain tax bhi nahi dena padega .. weise FD income pe bhi tax lagta he … 
May be for Imperia customers they are doing it! Ask RM
Still I believe it will be 6% only
Maine bhi paytm me FD ki he, wahi dar rehta he
Dena / Indian / PNB / Canara etc are age old trusted bank … money is safe with them since years … hope for future too .
@ZitOO just a FYI, RD continues with original interest rate for its entire duration so if you opened a 5 years RD with every month 5k installment deposit at 7% interest rate then for next 5 years every month you will deposit 5k at 7% interest rate irrespective of current interest rates.
New interest rate gets applied if fd gets auto renewed.
Kerala Transport Development Finance Corporation (KTDFC) FD offers good interest rates up to 8.25% and one can can get yield up to 9.8%. These FD’s are guaranteed by the Government of Kerala
http://www.ktdfc.kerala.gov.in/deposites/intere...
How to invest?
Which debt funds you are refering?
I am getting 3-4% in axis liquid.
I wanted to withdraw and do FD. But, thinking i might increase in coming years + indexation benefits in 3 years.
You can invest in low duration debt funds which are good for six to twelve months period.
Induslnd bank is very cunning in case of FD’s
So, I have 2 FDs small in 1 month gap in Induslnd bank
The interest rates for 1 year is 7%
But the interest rates till 364 days are as follow –
Old one – 6.25%
New one – 6.15%
Similarly very less interest rates in second one compared to old one in respect for same duration.
Also, Min interest rates was 4.0% for old one
For new one for less than 60 days it is 3.75%
.