Business Studies, asked by shifaaps2372, 1 year ago

How much penalty for premature withdrawal of fixed deposit?

Answers

Answered by Anonymous

Explanation:

The rules include: For retail term or fixed deposits amount up to Rs. 5 Lakh, the bank will charge a penalty of 0.50% for all tenures for premature withdrawal. For retail fixed deposits amount above Rs. 5 Lakh but below Rs. 1 crore, the applicable penalty is 1% for all tenures

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