Wednesday, July 21, 2021

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How to renew TD account after maturity and about TD autorenewal batch in Finacle?

  Admin       Wednesday, July 21, 2021

 As per CBS Manual Rule No.94 - Reinvestment of Maturity Value of Time Deposit in a new TD Account
TD Account has been renewed automatically on the due date of maturity for the same period.

Incase of auto renewal batch failure, the same may be extended by the counter PA by accepting the extension application after verifying the genuineness of the Accounts.

Is application is required for extension.

Yes. The extension application should be submitted along with passbook for the postal savings schemes RD/TD/PPF/SCS

Download Application form for extension of RD/TD/PPF/SCSS Account


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