How is a deposit renewed?

Once a deposit is confirmed, the deposit is visible on the Active Deposits page in your account. Any day prior to the maturity date, you can send an instruction to the Custodian Partner for renewal of the deposit. You can choose to renew the maturity amount i.e. original principal amount and the interest earned or original principal amount only. In the second case, the interest earned will be transferred back to a specified Bank account in the name of the original Depositor. You will receive an alert on upcoming deposit maturities from the Platform at which time you could also request for renewal of the deposit.