Fixed deposit
This query is : Resolved
22 August 2013
if a fixed deposit is withdrawn before the maturity date, does the bank charge any penalty? if yes, what is the amount/rate of the penalty ?
22 August 2013
it is not generalised,,
Fixed deposit breakage charges will be depends on bank to bank as per their internal rules and regulations
Fixed deposit breakage charges will be depends on bank to bank as per their internal rules and regulations
Message likes :
1 times
22 August 2013
Thank you sir for the answer but in what range is it usually charged ?
22 August 2013
This varies from Bank to Bank. Some bank do not deduct premature penalty. Generally premature penalty if any is within the range of 1%.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- LC charges in relation to Asset purchased should be Capitalised ?
- FORM 26A APPLICABILITY
- Regarding TDS Applicability For Director Remuneration
- Copyright software
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
