What are the available options to auto-rollover/reinvest the bank FD proceeds?
When you bank FD matures, there are two options of rollover/renewing the FD.
Under the principal roll-over option, the original principal is rolled over and interest is directly paid (credited) into the bank account.
Under principal and Interest rolling option, the original amount along with the accrued interest is reinvested for the same tenure and the rate of interest applicable on the maturity.