What are ICICI bank premature closure of FD charges ?

The

premature FD closure charges

ICICI bank

vary, and it's important to check with the bank directly or refer to their official website for the most accurate information. When you close an FD before its maturity date, it is considered a premature withdrawal, and ICICI bank may impose certain charges or penalties. They include a reduction in the interest rate that you would have earned had the FD been held until maturity.

Banks often have different rules and charges based on the type of FD, the duration for which it has been held, and other factors.

• If your deposits are less than Rs 5 crore and tenure is less than 1 year. You have to pay the penalty of Rs 0.50%. 

• If your tenure is between 1 year and above, you have to pay a 1%

  ICICI FD premature closure charges

  . 

• If your tenure is above 5 years, you have to pay a 1.50%

  ICICI Bank FD premature closure charges.

You can review the terms and conditions of your FD agreement with ICICI Bank. The details about premature withdrawal charges are often outlined in these documents.

You can contact them via phone, email, or visit a branch to inquire about the specific charges for premature closure of your FD.

You can also visit the ICICI Bank for information on FD premature withdrawal charges. Many banks provide details about their fees and charges on their websites. This is all about

premature FD closure charges ICICI from my side.

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Hey,

When I got my first job, I decided to conduct research on investment. My family told me, I should open an FD. I chose ICICI bank to do the same. Though, FD is a term policy where money cannot be withdrawn for a fixed period I had to withdraw the sum. I spoke to the bank manager and spoke about ICICI premature FD closure charges. 

You can make ICICI FD premature withdrawal online or in person. If the fixed deposit is closed by the depositor before the date, he will lose the interest amount on the principal amount of the deposit. Even the interest credited up to the date of the premature closure will be taken back from the deposit amount.

Will ICICI premature fd closure charges?

Yes, ICICI bank has premature closure charges, though it is only available for certain plans and tenure periods. The charge has been decided by the lender itself. Different banks tend to have different charge amounts. Many banks don't have a premature withdrawal facility for their customers.

For deposits that are less than Rs 5 crore and tenure less than 1 year. The depositor will have to pay the penalty of Rs 0.50 percent. For a tenure between 1 year and above, the depositor will have to pay a penalty of 1 percent. The rates of the penalty are bound to change each fiscal year. 

This is all from my end on ICICI premature FD closure charges.