Can a customer encash a fixed deposit receipt before the due date? Discuss.
3 years ago
Banking
In case a depositor requires the money before the due date, he or she makes a request to the bank for its payment. When the payment of fixed deposit is made before the due date, the depositor loses interest which is normally 1 % less compared to the rate applicable for the period.
Susmita Sah
Jan 16, 2022