Process to close a fixed deposit account before maturity

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Customers are usually allowed to close their fixed deposits before the maturity date. However, if you decide to do this before the full tenure, you may not receive the full interest on your investment and may face a penalty. Essentially, interest will be paid only for the time your deposit was with the bank. When you close the FD, the…

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Fixed deposit rates by various banks and NBFCs

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Fixed deposits have turned into an alluring investment and speculative alternative for a dominant part of hazard loath specialists and in addition senior residents as far back as their loan fees began rising again this year. Furthermore, the FD rates will undoubtedly go up in this rising financing cost administration, or, in other words for speculators hoping to put resources…

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