Premature Repayment of Term/Fixed Deposits in banks with "Either or Survivor or "Former or Survivor" mandate - Clarification

Last updated: 17 August 2012

RBI/2012-13/168 DBOD No. Leg. BC. 37/09.07.005/2012-13 August 16, 2012 All Scheduled Commercial Banks (excluding RRBs) Dear Sir Premature Repayment of Term/Fixed Deposits in banks with Either or Survivor or Former or Survivor mandate Clarification Please refer to para 4 of ourcircular DBOD No. Leg BC 46 /09.07.005/2011-12 dated November 4, 2011whereby we had advised that in case joint depositors of term/fixed deposits with Either or Survivor or Former or S
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