In case of Premature withdrawal from HDFC Bank Fixed Deposits (FDs) – Further, interest will not be paid on the FDs which remain for a period of less than 7 days. – For the period the deposit has remained with SBI, the interest is 0.50% or 1% below the rate applicable at the time of fixed deposits or 0.50% or 1% below the contracted rate, whichever is lower. 1 crore, the bank will charge you a fixed penalty of 1% for all tenors, according to SBI. – In case of Premature withdrawal from SBI fixed deposit within Rs. 5 lakh, you have to pay a penalty of 0.50% across all maturities. – According to SBI’s website (sbi.co.in.), if you want to make a premature withdrawal from SBI FDs, for an amount below Rs. In case of Premature withdrawal from SBI Fixed Deposits (FDs) Here is the comparison of premature withdrawal rules and regulations on fixed deposits of SBI and HDFC Bank: Should you invest in Fixed Deposit or Recurring Deposit? Check the difference
