Question

what are deposit and withdrawal slip and fixed deposit ​

Answer 1

Answer:

here's your answer

Explanation:

However, in case of an lock in FD, a bank may refuse a premature withdrawal as per RBI guidelines. Let us have a look at premature penalty. Usually banks charge a penalty of 0.5% to 1% lower interest on FDs which are closed before maturity. This penalty may be waived off by some banks if it is an emergency.

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