फिक्स्ड डिपॉजिट की समयपूर्व निकासी पर जुर्माने से कैसे बचें?
Bank Fixed Deposit (FD) is one of the most popular investment options in our country mainly because it is considered safe and secure and investors can earn guaranteed returns.
FDs have tenures ranging from 7 days to 10 years and you can choose any FD as per your requirements. Bank FDs can be easily liquidated whenever needed. However, if you make premature withdrawals on FD, you will have to pay some penalty ranging from 0.5% to 1% of the interest earned.
Premature withdrawal of FD basically means liquidating the FD before its date of maturity. This is mostly done during a time of emergency.
There are ways through which you can avoid paying a penalty on premature withdrawal on Fixed Deposits, and we have discussed some of them here in this article.
3 Tips To Avoid Penalty On Premature Withdrawal On FD
Here are the ways through which you can avoid paying a penalty on premature FD withdrawals.
FD Laddering
FD laddering is a method that involves purchasing multiple FDs with different maturity dates. It is a more effective way of managing liquidity. All you have to do