Maturity of RD – Money Not given back in time

Location/place: Coimbatore

Name of company/service: Corporation Bank – Millionare Recurring Deposit (RD)

I have been paying in to Corporation Bank RD accoun for last 1 year. Tenure started on 1st Oct ’12 and it should end 31st Sept ’13 for One year RD. But Bank manager says RD doesnt mature until 31st Oct 2013 which will be 13 months and not 1 year RD.

Please can some one clarify why one year RD matures only after 13 months ??


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