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Fixed Deposit

What happens if I become an NRI during the tenure of my FD? Do I need to close it?

If your residential status changes to NRI during the FD tenure, you should inform the bank/NBFC. Some institutions may require premature closure or conversion of the FD to an NRO/NRE deposit, depending on their policy.

If your residential status changes to NRI during the FD tenure, you should inform the bank/NBFC. Some institutions may require premature closure or conversion of the FD to an NRO/NRE deposit, depending on their policy.

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