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, 3 months ago.

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    Tushar More

    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.


    Aadish Shah

    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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