Question:

Is premature withdrawal allowed in India HDFC Bank on RDs?

by Guest5008  |  12 years, 8 month(s) ago

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I want to withdraw my RDs while they are premature. Is premature withdrawal allowed in India HDFC Bank on RDs?

 Tags: allowed, bank, HDFC, India, Premature, RDS, withdrawal

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  1. Guest4372
    Yes, premature withdrawal is allowed. However, no partial withdrawal is allowed. The interest rate applicable for premature closure of deposits (all amounts) will be the lower of: the base rate for the original or contracted tenure for which the deposit has been booked OR the base rate applicable for the tenure for which the deposit has been in force with the Bank. The base rate is the rate applicable to any deposit less than Rs.15 lacs, as on the date of booking the deposit.

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