BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
bob World Internet user can do Premature Closure of FD which are opened through ____
A
bob World Internet only
B
Any ADC mode only
C
Branch Only
D
Any Mode
Explanation: 

Detailed explanation-1: -If the FD had been made online, it can be withdrawn through online banking or internet banking.

Detailed explanation-2: -A penalty on premature close of deposit for Rs. 1 Crore and above will be levied 1.5% from the applicable rate of interest for which the deposit has remained with the Bank.

Detailed explanation-3: -How to Break a Fixed Deposit Account Before Maturity. You can withdraw your fixed deposit prematurely online as well as offline. For premature withdrawal of an FD offline, you need to visit the nearest branch of your respective bank.

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