I have registered my domain at netfirms.com and the expired date is 10-Feb-2013. I've started a transfer process to bigrock.com on 08-Feb-2013 and they have charged 1 year renual.
All the authentications are done, but BigRock says "Your current Registrar needs to approve your domain name's transfer. Please wait while this transfer request is processed."
I asked their support center and they told me it will take 5-7 days to process a transfer. Which means my domain will expire within that range of date.
I don't want to lose my domain. Please suggest me what to do now.
I searched all over and found something. According to ICAN FAQ:
Q) My domain name has just expired. Can my registrar require me to pay for a renewal before I can transfer to a new registrar?
A) No. Your new registrar of choice can initiate a transfer request on an expired domain name once they receive the required authorization from you. Expiration or nonrenewal of a domain name is not a valid reason for denial of a transfer request. Note that if the registrar has already begun the deletion process on the domain name and its status shows it to be within a 30-day Redemption Grace Period, the name must be restored. by your current registrar before it can be transferred.
Is that mean I'm saved? Please suggest me, I'm in a huge load of tension.