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Mature and Pre-mature Closer Of Time Deposit Account

Mature and Pre-mature Closer Of Time Deposit Account. Premature closure - After six month from date of opening at reducing rate as under For example - A 5 year TD account opened on 01/04/2012 (8.5%) if closed after Two years the rate of interest is (8.3 - 1) 7.3%

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Mature and Pre-mature Closer Of Time Deposit Account

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  1. Mature and Pre-mature Closer Of Time Deposit Account Premature closure - After six month from date of opening at reducing rate as under For example - A 5 year TD account opened on 01/04/2012 (8.5%) if closed after Two years the rate of interest is (8.3 - 1) 7.3% A 3 year TD account opened on 01/03/2012 (8.0 %) if closed after one year the rate of interest is (7.7-1) 6.7% RULE NO : 133 & 140 POSB Manual Volume -I

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