Capital gains term deposit withdrawal

M S RAMESH (Service) (71 Points)

28 November 2013  

Can anyone let me know whether I can withdraw the amount deposited in SBI under capital gains account scheme in CG Term Deposit account prematurely. I have made a deposit of Rs 5 lacs for 1 year in Oct, 2013. Now, I may require to pay to the builder in Jan, 2014 for the flat booked with him. Is it possible? If so, what is the procedure? I am not getting proper clarification from the bank.