Does FD have a lock-in period?

Yes, fixed deposits (FDs) generally have a lock-in period. This means that you cannot withdraw your funds before the maturity date without incurring a penalty. The lock-in period is typically the same as the maturity period. Regular FDs typically have a minimum of lock-in period ranging from 7 days to 10 years.

Premature Withdrawal is applicable for most FDs often with a penalty. It's essential to check the specific terms and conditions of your FD agreement to understand the lock-in period and any exceptions.