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Fixed Deposit FAQs

Understand fixed deposits better with our comprehensive FAQs. Get clear, precise information to make informed investment decisions.

  • Posted:20th November, 2024
  • Updated:20th November, 2024
The interest payout for fixed deposits can be received in the following ways

How Does a Loan Against a Fixed Deposit Work?

  • Posted:20th November, 2024
  • Updated:20th November, 2024
A loan against a Fixed Deposit (FD) works as follows.
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Why Do Individuals opt for Loans Against Their Fixed Deposits?

  • Posted:20th November, 2024
  • Updated:20th November, 2024
A loan against a fixed deposit is taken for several reasons.
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Can Money Be Withdrawn from a Fixed Deposit Before Maturity?

  • Posted:20th November, 2024
  • Updated:20th November, 2024
Yes, money can be withdrawn from a fixed deposit (FD) before maturity.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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What Happens If a Fixed Deposit (FD) Is Broken Before Maturity?

  • Posted:20th November, 2024
  • Updated:20th November, 2024
Breaking a fixed deposit (FD) before maturity usually leads to the following
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How can I close my FD early?

  • Posted:20th November, 2024
  • Updated:20th November, 2024
To close your Fixed Deposit (FD) early, you'll typically need to submit a written request or online application form to your financial institution.
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How long does it take for FD withdrawal?

  • Posted:20th November, 2024
  • Updated:20th November, 2024
The time it takes to withdraw your fixed deposit (FD) depends on the financial institution and the withdrawal method you choose.
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