The grace days will be applicable post the maturity of the deposit for the customer to decide on what the customer wants to do with the certificate of deposit.

• A configuration of the grace days for deposits at the product level, which will enable the user to define the grace days is available.
• The grace days will be applicable only for deposits with maturity instructions as auto-renewal.
• For an auto-renewal deposit - post the maturity of the deposit, the user will have a grace days (as per the configured no. of days) to perform the following actions:
  • Choose to close the deposit without incurring a penalty - A penalty is not incurred when the user closes the deposit during the grace days.
  • Choose to top-up the deposit amount - Top-up is allowed only during the grace days.