Whenever a particular domain name is not renewed till the Expiry date, it would slip into the Renewal Grace Period. This Renewal Grace Period would be for 40* days (for most domain name extensions). All such domain names would be put on a Temporary Commercial Parking Page, which would indicate that the domain name has Expired. During this period, any website and mails associated with the domain name would become non-functional.
After you have Renewed the domain name, it would take around 24-48 hours for DNS propagation to complete World-wide and the actual website to start resolving properly and mails to be received on the domain name.
IMPORTANT NOTE
During this DNS propagation period, your website may intermittently revert to the Parking Page and then change again to your actual website, depending on how ISP caches refresh. However, if you have already Renewed your domain name, do not Renew your domain name again. The parking page will automatically get removed as soon as the DNS propagation completes.
If you do not Renew the domain name in the Renewal Grace Period, then the domain name would be Deleted. However, should there be no back-order for the domain name, you would still have the option to Redeem it.
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