Need A Financial Product › Forums › Trading/Investments › Is there penalty on pre-mature withdrawal from bank’s fixed deposit › Is-there-penalty-on-pre-mature-withdrawal-from-bank-fixed-deposit_REPLY
October 20, 2014 at 7:05 pm
#47997
samkapoor77Keymaster
You can withdraw the amount with ease for there is no such penalty on pre-mature withdrawal. As far as interest is concerned, it will depend on the rate of interest and period for which the deposit was held with the bank.