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Banks Sucker You On Automatic FD Renewals

Your bank tries to sell you fixed deposits with an “Auto renewal” facility where, if you don’t say anything, they will renew your deposit for the same term forward.

Turns out they are using slimy, sleazy tricks to sucker you out of the best interest rate you can get.

Look at HDFC Bank’s interest rate structure;

You were probably told to have . . .

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