Fixed Deposit Rules: How much loss is there in breaking FD, investors must know the rules of banks..

FD new rules: The purpose of making FD is to raise more money in the future so that financial security is maintained. Sometimes, such a situation also arises that this amount deposited for profit has to be withdrawn. Whenever FD has to be broken (fixed deposit maturity rules), the bank imposes a penalty on it, and the customer suffers a loss instead of a profit. Those who make FD (FD Investment) must know the rules set by the banks regarding FD break (return on FD breaking).
Banks' rule of imposing a penalty-
Usually, on breaking FD, banks impose a penalty by deducting the interest amount fixed on the FD. This deduction can also be from 0.50 to 1 percent. However, banks may have different rules on breaking FD (FD tudwane ke nuksan). Many banks decide the penalty by looking at the amount and duration of the FD (bank FD rules), while many also see how long the FD (FD interest rates) of the duration is being broken. The penalty amount can be increased or decreased on this.
SBI charges this much penalty -
If we look at the rules of the State Bank of India, then this bank charges a penalty (FD Penalty Rules) by deducting 0.50 percent from the fixed interest on breaking the FD up to Rs 5 lakh before maturity. If the FD is more than 5 lakh and less than one crore, then the customer will have to pay a 1 percent penalty (FD break penalty) while breaking it.
Take these measures to avoid loss -
If, for some reason, a situation arises to break the FD (FD ke niyam) before maturity, then you also have a way to avoid it. The first solution is that you get a short-term FD. Apart from this, if you know while making FD (FD kab tudwaye) when you will need money for some work in the future, then you can choose the duration of FD as per that need. Instead of breaking FD (FD breaking rules), you can also take a loan on it (loan on bank FD).
You can also consider this trick -
It is sometimes beneficial to make many FDs of a small amount (Penalty on FD breaking). Especially when you need more money again and again. In such a situation, instead of investing money in a single FD (FD investment rules), you can make many FDs. For this, you can divide 5 lakh rupees into 1-1 lakh rupees and get 5 short-term or different-term FDs (FD news). In such a situation, you hardly need to break all the FDs in need of money.
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