If I reinvest my term deposit at the end of the tenure, will the interest rate remain the same?

Whether the interest rate stays the same when you reinvest your term deposit at the end of the tenure depends on a few factors such as the financial institution's current offerings and market conditions. Here is a breakdown of what to expect:

• Rate at Renewal Time: Most financial institutions generally apply the current interest rate when reinvesting, not the one from your original FD. If rates have gone up or down, your new rate could differ.
• Auto-Renewal Details: If you have opted for auto-renewal, the bank or NBFC typically renews your fixed deposit for the same tenure at the prevailing interest rate, unless you provide alternative instructions. It is advisable to review the terms carefully to understand the applicable conditions.
• Promotional Rates May End: If your fixed deposit was initially offered at a promotional or elevated interest rate, please note that this rate may not apply upon reinvestment. It is advisable to confirm with your bank or NBFC whether the original rate was a one-time offer.

Consult with your bank or NBFC at maturity to confirm the new rate and ensure it aligns with your financial plans.