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Fixed deposits rate change
Sir/ Madam, suppose i take an FD of Rs 1 Lakh on 15-Apr-15 for 1 year @ 8.75 % . Now The FD rates are changed for 1 year to 9% from 8.75 % . Is it possible that i take advantage of it, without foreclosing it.?
Replies (2)
No, now if you break fd then you have to pay penal interest about to 1 to 1.5%.
If you are bank staff member, I mean if your account is open under staff member only then you can take this benefits.
Okay. So you mean that, if in the same case if rate changed to 8 %, then i ould still continue to receive 8.5% till the FD Matures?
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