Question 1

Is this FD insured by the RBI?

Accepted Answer

Yes, this FD is insured up to ₹5L by the RBI. In any unfortunate instance, if the bank faces closure, the RBI ensures coverage for the invested amount plus interest, up to ₹5L, whichever is lower.

Question 2

What happens when the FD tenure is over?

Accepted Answer

For cumulative plans (where you get all the interest at maturity): When the tenure is over, you'll get the invested amount plus the total interest.

For non-cumulative plans (where you get interest at a certain frequency, such as monthly): When the tenure is over, you'll get the invested amount plus the last interest payment.

Note: The payout usually takes 2 working days and gets credited to the bank account you used while creating the FD.

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