Can i fre mature my tax saving fdr
This query is : Resolved
11 August 2011
RES ALL MEMBERS...
I INVEST 5 YRS FDR IN MY BANK. BUT I DO NOT CLAIM 80C.
CAN I FRE MATURE MY TAX SAVING FDR.
BANK SAID:- PRE MATURE IN TAX SAVER FD ARE NOT ALLOWED.
CAN I GO CONSUMER FORUM
GIRISH AGRAWAL
DURG, CHHATTISGARH
I INVEST 5 YRS FDR IN MY BANK. BUT I DO NOT CLAIM 80C.
CAN I FRE MATURE MY TAX SAVING FDR.
BANK SAID:- PRE MATURE IN TAX SAVER FD ARE NOT ALLOWED.
CAN I GO CONSUMER FORUM
GIRISH AGRAWAL
DURG, CHHATTISGARH
11 August 2011
No.tax saving FD cannot be premature liquidated.
Message likes :
1 times
11 August 2011
5 Year tax savings FDs are specific, they can not be put for lien or pre matured,
look at face of FD receipt, where if mentitioned or stammped as "eligible for 80C deduction" then its locked and you can not encash it.
look at face of FD receipt, where if mentitioned or stammped as "eligible for 80C deduction" then its locked and you can not encash it.
Message likes :
1 times
11 August 2011
FD for tax saving cannot be matured before the expiry of the term
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