I opened a Tax Saving FD in Bank A last year,. I deposited Rs 1.5 lakh in good faith and with full knowledge that I cannot touch it for 5 years.
But now, my Bank A is going to merge with Bank B. As a result, my FD and savings account will be transferred to Bank B.
But I do not want to have anything to do with Bank B.
Do I have any options here regards the Tax Saving FD?
Can I transfer it to Bank C? Or close the FD?
CAclubindia
