How much is the penalty for Premature Withdrawals in term deposits?

Depending on the bank, for smaller tenure of up to 1 year there may be no premature withdrawal penalty if the deposit is held for at least a week. For higher tenures 0.5-1% lower than interest rate running in the period your deposit was held with the bank. If part interest has already been paid they’d adjust that in that part that is to be paid.


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