You will not be charged for domain transfer and the amount you pay for domain transfer will be added for 1 more year from the current expiry date of renewal.
For example, if you are going to renew your domain on 01/07/2017 which is going to expire on 21/07/2017. The payment will be added for 1 more year from current expiry date (i.e) from 01/07/2017 to 01/07/2018.
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