If I don t withdraw the fixed payment after 1 year of maturity, will it be automatically converted t

If you make an automatic appointment and do not go after expiration, it will automatically roll over to a one-year fixed term with interest.

After expiration, if there is a change in the previous interest rate, it will automatically change to the new interest rate, otherwise, it will not change.

If you deposit a lump sum deposit with China Merchants Bank, it will be automatically rolled over according to the original deposit period at maturity, and there are two ways to transfer it (you can choose when you deposit the fixed deposit for the first time).

1.Rollover of principal with interest after maturity: It refers to the transfer of the principal and interest obtained into a lump sum deposit with the same deposit period after maturity;

2.Principal rollover and interest transfer to current account: It means that after maturity, the interest earned will be transferred to the current account, and only the principal will be transferred.

If the deposit is a lump sum deposit, the principal and interest will be automatically transferred to the current account when due.

After the maturity of the specified period of deposit, the principal and interest will be settled, and the interest will be deposited again with principal and interest for a fixed term of the same period, and the interest rate will be based on the interest rate of the same grade listed on the day of automatic transfer.

As long as you choose the time of withdrawal on the same day of the same month and month of the deposit, the bank will calculate it according to the regular interest rate, otherwise the excess time will be calculated according to the current interest rate.

Automatically dumped. If you refuse this business because you did not take the initiative to fill in the form, the bank will assume that this business is valid - automatic rollover.

After the maturity of the customer's deposit, if the customer does not go to the bank to go through the rollover procedures, the bank can automatically transfer the principal and interest of the mature deposit at the same time according to the same deposit period, without any restriction on the number of times, and the interest on the renewal period will be calculated according to the interest rate of the previous maturity date.

Fixed deposits that can be withdrawn in advance.

If you do not withdraw it at maturity, the bank will automatically roll over by default, and you can withdraw it before maturity, losing part of the interest. However, you will need to have your ID card.

Go to the bank counter to handle it, and the interest after the transfer will be calculated according to the current interest. Before rollover, it is still calculated at regular interest. Fixed deposits will be automatically rolled over. For unexpired fixed savings deposits, depositors must hold certificates of deposit if they withdraw in advance.

and the depositor's identity certificate; If the withdrawal is made on behalf of the depositor, the withdrawer must also hold his identity certificate, and the interest rate shall be calculated and paid according to the current savings deposit interest rate announced on the withdrawal date, and the withdrawer shall also sign the name of the withdrawer on the payment voucher.

Extended information: The fixed deposit of the rural credit cooperatives will be automatically redeposited and redeposited after maturity, and if the fixed deposit of the rural credit cooperatives is not withdrawn after maturity, the bank will automatically settle the principal and interest and transfer the deposit, and if the deposit is transferred at the latest interest rate, the term will be automatically transferred according to the original deposit term. That is, it will be automatically rolled over at the original deposit period until you withdraw it.

Automatic rollover is the abbreviation of automatic rollover of time deposits, that is, after the maturity of the customer's deposit, if the customer does not go to the bank to go through the rollover procedures, the bank can automatically transfer the principal and interest of the mature deposit according to the same deposit period, without any limit on the number of times, and the interest during the renewal period will be calculated according to the interest rate of the previous maturity date. If the customer requests to withdraw the deposit after the renewal period, the interest of the deposit will be calculated according to the current interest rate on the date of withdrawal during the renewal period.

When the RMB unit time deposit is withdrawn at maturity, it will be deposited by the People's Bank of China on the date of deposit.

The interest rate of the corresponding grade of the fixed deposit is calculated and the interest is paid off with the principal, and the interest is not calculated in stages if the interest rate is adjusted during the deposit period. If the deposit is not withdrawn on the maturity date, the interest on the current deposit will be automatically transferred to the principal, and the interest rate of the same grade announced by the People's Bank of China on the date of transfer and the original agreed deposit period will be automatically transferred.

When the small foreign currency time deposit is withdrawn at maturity, the interest will be calculated according to the corresponding grade interest rate of the time deposit announced by the China Banking Association on the date of deposit. Preferential interest rates are available for large foreign currency time deposits, but they are not auto-rollover.

Yes, the bank will automatically transfer the deposit after the maturity of the fixed deposit, if it is not due, it can be withdrawn, but the bank will only give you the current interest, because I have withdrawn money like this, so I know, so I advise you not to deposit money in the bank, all kinds of deductions so that you can get the least interest.

It can be withdrawn, and the interest after the rollover is calculated according to the current interest. Before rollover, it is still calculated at regular interest.

You can take this, but it is automatically rolled over, and then you withdraw the interest according to the current account.

Now the bank's automatic rollover is unlimited, and each automatic rollover is to deposit the original principal plus interest as the principal, calculated according to the interest rate on the rollover date, and then start a new deposit period. If you withdraw money before the new deposit period expires, it is an early withdrawal, so the interest of the new deposit period is calculated according to the current period, and the original redeposit that has expired is still calculated on a regular basis.

Answer, after the maturity of the fixed deposit, the bank will automatically transfer it and then it should be able to withdraw it at the end of the maturity, because you have deposited it on a regular basis

After the maturity of the fixed deposit, the bank will automatically transfer it, and the bank will automatically transfer the fixed deposit if it is not withdrawn when it expires, and it can be withdrawn before it expires, and part of the interest will be lost.

It can be withdrawn in advance, but you need to go to the bank counter with your ID card, and the interest rate is based on the current deposit rate.

What can be taken is that you only need your documents, and the interest after the transfer will be calculated according to the current account.

Generally, bank certificates of deposit can be automatically rolled over after maturity without going through any procedures.

If you deposit a lump sum deposit in China Merchants Bank, it will be automatically rolled over according to the original deposit period when it expires, and there are two ways to roll over the deposit (you can choose when you deposit the fixed deposit for the first time):

1.Rollover of principal with interest after maturity: It refers to the transfer of the principal and interest obtained into a lump sum deposit with the same deposit period after maturity;

2.Principal transfer and interest transfer to demand.

Further information: Time deposit refers to a form of savings in which the depositor deposits cash into a fixed savings account opened by a banking institution, agrees in advance to save for a fixed period of time, and receives a return at an interest higher than that of the current deposit, and can receive the principal and interest after the maturity.

A fixed deposit is the money or currency that the depositor temporarily transfers the right to use to the bank under the condition that the depositor retains ownership, and is the most important source of credit funds for the bank.

Note: If the depositor withdraws the fixed deposit before the agreed savings period, the bank will usually handle the transaction in the form of demand deposit. Depositors are often required to notify the bank one day in advance to request an appointment for withdrawal before they need to withdraw a large amount of deposit, in case the bank has enough cash to make the payment.

There are usually two types of time deposit documents: "time deposit certificate" and "time deposit passbook".

2.Types: Generally, according to the deposit period, it is divided into 3 months, 6 months, 1 year, 3 years, etc.

3.Interest rate: The interest rate on a fixed deposit is the rate of return paid by the bank to the depositor on the amount of the fixed deposit.

4.Extraction method:

The full amount shall be withdrawn at maturity, and the principal and interest shall be settled at one time according to the prescribed interest rate;

If the full amount is withdrawn in advance, the bank will pay interest according to the current deposit interest rate announced on the date of withdrawal;

Part of the withdrawal is made in advance, the withdrawal part is calculated according to the current period, and the rest is still according to the regular period.

Under normal circumstances, the interest rate of fixed deposits is different according to the different years of life, the interest rate of bank deposits is not adjusted every year, the adjustment is carried out by the state at any time according to the economic operating conditions, the interest rate of fixed deposits of all banks in China, such as the Industrial and Commercial Bank of China, the Construction Bank, the Bank of China, the Agricultural Bank of China and the Bank of Communications, is the same, which is uniformly stipulated by the People's Bank of China.

Interest rates are divided into simple interest and compound interest rates:

Interest i=p*i*n, where i represents interest, i represents interest rate, and n represents the number of years of deposit. China uses the simple interest calculation method.

Simple interest method. Interest = Principal Interest Rate Term.

Compound interest method. (Used to calculate interest on automatic rollover).

f=p (1+i)n (power).

f: Compound interest terminal value.

p: Principal. i: Interest rate.

n: an integer multiple of the time the interest rate was obtained.

If the bank does not withdraw the regular hand block when it expires, the bank has two ways to deal with it:

Automatic rollover: depositors do not need to operate, and the money is automatically renewed for the same period as the previous period.

Automatic Transfer: When the term expires, it will be automatically transferred to your current account with principal and interest.

Generally speaking, unless the depositor explicitly requires that the deposit be automatically transferred to the current account when the term expires, the bank will automatically transfer the deposit by default, that is, the deposit will be automatically renewed if the deposit is not withdrawn when the term expires.

Further information: If the customer requests to withdraw the deposit for less than one deposit period after renewal, the interest of the current period will be calculated according to the current interest rate on the withdrawal date during the renewal period.

For example, if a customer deposits a one-year fixed deposit of A-dollar, and the customer does not request to withdraw or divert the deposit after the maturity of the deposit, the bank will automatically deposit A-dollar and the interest accrued by A-dollar in the current year into a one-year time deposit; If the customer requests to withdraw the principal and interest at the time of one year and five months, the interest rate for five months during the renewal period will be calculated according to the interest rate on the date of withdrawal.