Renewal guide
Fixed deposit renewal guide
A renewal checklist for Sri Lankan fixed deposits: compare current rates, terms, source pages, and tax estimates before rolling over.
Questions this guide answers
Should I renew my FD automatically?
When should I compare new rates?
Can I change bank or tenure at renewal?
Quick steps
- 1Check the maturity date before it passes.
- 2Compare current FD rates across banks.
- 3Review payout type and tax view again.
- 4Ask your bank about renewal and early withdrawal rules.
- 5Keep the source page or branch confirmation for your records.
Renewal is a new decision
A previous FD may have been a good choice when it was opened, but market rates can change before maturity.
Treat renewal as a fresh comparison between banks and tenures.
Use alerts if you follow rate changes
FD alerts can help savers watch top rates, selected banks, or rate changes before renewal.
This is useful if you do not want to manually check every source page every week.
Frequently asked questions
Is automatic FD renewal a bad idea?
Not always, but you should compare current rates and terms before accepting it.
Can I change tenure at renewal?
Usually you can choose a new product or tenure, but confirm the bank's process before maturity.