login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
phone
|

Can I withdraw my Rs. 10 Lakh FD before maturity?

mahindra-finance-author

by Mahindra Finance

|

February 29, 2024

|

1 mins read

No, you cannot withdraw the amount you deposit in your fixed deposit account before the end of the investment tenure or the maturity date. When you invest Rs. 10 Lakh in FD, you have the flexibility to choose the investment duration; you can invest for a maximum duration of 60 months or five years. However, if you choose an investment tenure of two years and want to withdraw the funds before the maturity date, you may have to pay a penalty for the same. Also, you will lose all the accrued interest benefits.

Blog Category

Fixed Deposit Blogs Credit Score Blogs Used Car Loan Blogs Sme Loan Blogs Loan Against Vehicle Blogs Business Loan Blogs Machinery Loan Blogs Loan Against Property Blogs Mutual Funds Blogs Personal Loan Blogs Home Loan Blogs Commercial Vehicle Loan Blogs Car Loan Blogs Utility Vehicle Loan Blogs Tractor Loan Blogs

Recent Posts

Related articles

Fixed Deposit Blogs

PPF vs FD: Which One Should You Choose | Mahindra Finance

When it comes to safe investment options in India, PPF and FD are among the most preferred. They both offer a plethora of benefits and are attractive choices, regardless of one’s income. These finan...

KNOW MORE

June 30, 2023

Understanding-Credit-Score-Ranges-What-Each-Score-Means
Credit Score Blogs

Understanding Credit Score Range: What Each Score Means

Introduction Your credit score is a crucial factor in determining your financial health. It represents your creditworthiness and can have a significant impact on your ability to secure loans, get favo...

KNOW MORE

July 10, 2024

Business Loan Blogs

Boost Your Working Capital With Business Working Capital Loans

Running a successful business requires a constant flow of funds to manage day-to-day expenses and seize growth opportunities. This is where working capital plays a vital role. Working capital is the d...

KNOW MORE

April 26, 2024