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Financial FAQs Page

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If the depositor passes away, the maturity proceeds of the Fixed Deposit are typically transferred to the nominee or legal heir.
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Eligibility to invest in a Fixed Deposit (FD) typically depends on the following criteria.
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The amount that can be invested in a Fixed Deposit (FD) varies by financial institution. Most institutions set a minimum deposit amount.
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A loan against a fixed deposit is taken for several reasons.
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Yes, money can be withdrawn from a fixed deposit (FD) before maturity. However, early withdrawal usually incurs penalties and may result in reduced interest rates.
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A loan against a Fixed Deposit (FD) works as follows.
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If a loan against a Fixed Deposit (FD) is not repaid, the financial institution follows a specific process to recover the outstanding amount.
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