Is there a penalty on premature withdrawal from FD created by auto-sweep ?

POSTED BY sumeetdesaeee ON January 4, 2014 7:16 pm ONE COMMENT

Hi,

If I prematurely withdraw any amount FD  that is created by auto sweep-in, is there any penalty on it? What will be the interest gained on that particular amount?

One reply on this article “Is there a penalty on premature withdrawal from FD created by auto-sweep ?”

  1. Amrutha says:

    As per my knowledge there will be no penalty on it.
    And the interest rate will depend on the period for which the deposit was with the bank.

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