Why avoiding auto-renewal of bank fixed deposits could get you better return now

Bank fixed deposits: Auto-renewal may not be the best option for investors, especially in the current scenario, when the interest rates on deposits are rising. You may be missing out on an opportunity to earn a better interest rate from your fixed deposit if you have opted for auto-renewal now. ET Wealth explains how auto-renewal of FDs works and when you could opt for it and when you could avoid it.

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