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

How is premature FD calculated?

mahindra-finance-author

by Mahindra Finance

|

March 22, 2024

|

1 mins read

The guidelines to calculate premature withdrawal of FD are:

  • To maximize your interest earnings, keep your deposit until maturity. Withdrawing between 6 months and maturity incurs a 2% penalty on the interest rate.
  • Funds cannot be withdrawn during the initial 3 months of the deposit term.
  • Withdrawals made between 3 and 6 months will not receive any interest.

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

Utility Vehicle Loan Blogs

How To Choose The Right Lender For Your Utility Vehicle Loan?

When it comes to fulfilling your dreams of owning a utility vehicle (UTV), finding the right lender is crucial. Whether you’re using it for recreational purposes or as a workhorse in rural areas...

KNOW MORE

April 18, 2024

Signing-a-personal-loan-with-a-co-signer
Personal Loan Blogs

Signing A Personal Loan With A Co-Signer: Important Factors To Consider

Are you considering taking out a personal loan but worried about your credit score or approval? Well, signing for a personal loan with a cosigner might just be the solution you need. People opt for a ...

KNOW MORE

August 13, 2024

Fixed Deposit Blogs

How Fixed Deposits Support Small Business Growth

Starting and expanding a small business requires financial support. As an entrepreneur, you may be wondering about the best financing options available to you. One such option that can provide stabili...

KNOW MORE

March 4, 2024