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Can I redeem my FD before the original term?

No. As per Government notification, no premature withdrawal FD can be closed before the original term of the FD. In the event of the Fixed Deposit being closed before completing the original term of the deposit, interest will be paid at the rate applicable on the date of deposit, for the period for which the deposit has remained with the Bank. In case of premature withdrawal the deposit may be subject to penal rate of interest as prescribed by the Bank on the date of deposit. Withdrawal is allowed for the Tax-Saver FD.