GoldenPi: Buy Bonds, Debentures & Other Fixed Income Assets
Frequently Asked Questions
Can I withdraw the funds from my online FD investment account before maturity?
Key things to know
While premature closures are generally permitted to handle liquidity needs, issuing banks and NBFCs usually levy a penalty, commonly ranging from a 0.5% to 1% reduction in the interest rate applicable for the actual tenure the deposit was held. However, certain instruments, such as tax-saver FDs, come with a mandatory five-year lock-in period where premature exit is strictly prohibited. The specific penalty terms and premature withdrawal policies are determined entirely by the individual issuer and are fully disclosed in the FD’s official offer document at the time of booking.
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