Need A Financial Product Forums Trading/Investments Automatic renewal of SBI recurring deposit without my prior permission

This topic contains 1 reply, has 2 voices, and was last updated by  Tushar More 2 years, 1 month ago.

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  • #48018

    Tushar More
    Member

    I opened a recurring deposit account with SBI for 12 months. Before maturity of RD, I called the customer care to credit the amount in my account. He told me that it will automatically be transferred to my account. When I have checked my online statement, it has automatically been renewed for next 12 months. Since I am in aborad for an official project, I cannot visit the branch. Please tell me what to do in this case.

    #48019

    Aadish Shah
    Member

    Redeem your RD amount online. If you worry about penalty charges on premature withdrawal then try marking an e-mail to your bank.

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