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If you'll do this manually by yourself - the RI will not be changed automatically to match your new instance type. If you want to do it before that time, I'd suggest to open a support case and ask if they can help to change to a new RI earlier - https://docs.aws.amazon.com/awssupport/latest/user/case-management.html - choose Billing support, and find RI category.
There might still be some time where you'll pay on-demand for the new instance during the transition, but maybe support can provide some options how to minimize that.
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but is it possible to do manually and could you share some documentation which helps