Withdrawing money from SBI FD prematurely? Here are penalty charges you may end up paying
The bank fixed deposits have remained one of the safest investment options over the years. Bank FDs offer a wide range of tenures to choose from, ranging from 7 days to up to 10 years. All the banks offer different interest rates, giving some flexibility to investors.
The bank FDs can be broadly categorised into two types – FDs with premature withdrawal and FDs without premature withdrawal. Source - PTI.