Stuck Somewhere?
search - groww
My Tickets
My Account
Stocks
Mutual Funds
Gold
FDs
US Stocks
Orders
About FDs
Taxation
Withdrawal
How To

What’s the penalty for premature withdrawal of Equitas Bank fixed deposit?

A penalty of 1% on the applicable interest rate is applicable if your fixed deposit is less than 6 months old. After 6 months, no penalty will be charged for premature withdrawal.

Note: Premature withdrawal is not applicable for tax-saver deposits.
We hope that this answer was helpful!
How was your experience?
ⓒ 2016-2021 Groww. All rights reserved, Built with in India