Search in Indianmoney's WealthPedia

What is the premature withdrawal penalty in Recurring Deposit?

By IndianMoney , 11 months ago

On premature withdrawal, the interest earned will be at the rate prevalent for the period during which deposit stays with the bank. Additional 1% penalty will be levied. If premature withdrawal takes place before three months(minimum lock in period), zero interest will be earned.

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!

This is to inform that Suvision Holdings Pvt Ltd ("") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.