Can a customer encash a fixed deposit receipt before the due date? Discuss.

1 year 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
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