Hey,
According to the Bank Term Deposit Scheme 2006, you are not allowed to close tax saver FD, before five years. The 5-year lock-in period does not allow you to make
premature withdrawals, loans, or overdraft facilities. You can accumulate wealth and save taxes if you wait for the account to mature.
Read more:
How to Close Tax Saver FD in SBI? How to Save Tax on FD Interest What is the penalty for breaking FDYour Feedback Matters! How was this Answer?
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I want to close tax saver FD before five years. How to do it?
SHATONG
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2022-11-23T10:27:59+00:00 2022-11-28T11:32:26+00:00Comment
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