Loss of principal on premature withdrawal of fixed deposit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 July 2012 Is the loss of principal on premature withdrawal of fixed deposit a capital loss ?
Can it be shown as long term / short term capital loss????????????

CA. Vikash Dwivedi

CA. Vikash Dwivedi (Expert)
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26 July 2012 there can not be loss of Principal on premature withdrawal of FD it only impacts the interest. generally bank reduces ROI by 2% max it can be 0% but in no case it will impact your principal.

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