For this reason many people invest in it, but if you are thinking of breaking the FD before time, then the bank charges you a penalty. If you are also thinking of breaking the FD before time, then today’s news can be very useful. In today’s news, we are going to tell you, which bank charges how much for breaking the FD before time, so let’s know about it…

Banks set the deadline

Every bank sets a time limit for not breaking the FD before the completion of the tenure. If you break the FD after crossing this limit, then there is no penalty. However, if the FD is broken before the time limit given by the bank, then the bank charges a certain percentage of the amount as penalty. This amount may vary according to each bank.

SBI Bank FD Rules

SBI Bank will charge a penalty of 0.5% for breaking a term deposit FD of Rs 5 lakh. However, in cases of more than Rs 5 lakh, the penalty rate will be 1%.

ICICI Bank FD Rules

ICICI Bank (ICICI Bank FD Penalty) on premature FD withdrawal is decided as per the rate fixed at the time of the contract. If the maturity period of FD of Rs 5 crore is one year, then a penalty of 0.50% will be charged. Similarly, if the maturity period is more than one year, the penalty rate can be 1%.

PNB Bank FD Rules

Punjab National Bank charges a penalty of 1 per cent of interest rate for all tenures in case of premature cancellation or part withdrawal.

HDFC Bank FD Rules

HDFC Bank charges a penalty of 1% on sweep ins and partial withdrawals.

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Cash transaction charge

For savings accounts, customers can avail 5 free cash transactions per month or deposit or withdraw up to Rs 5 lakh in cash, whichever is earlier. After this, a charge of Rs 4 will be levied for every Rs 1,000 or part thereof, with a minimum charge of Rs 100 per transaction.

Penalty for not maintaining Average Monthly Balance (AMB)

Club, Delight, all NRI and resident savings scheme account holders will be required to maintain an AMB of Rs 5,000.

General customers will be charged Rs 75 for a reduction of up to 20% and a maximum of Rs 375 for a reduction of 100%.

This charge on senior citizens will be between Rs 60 and Rs 300.

For all accounts in rural branches, the charges will be slightly lower — general customers will pay Rs 60 – Rs 300, and senior citizens will pay Rs 50 – Rs 250.

ATM transaction charges

Transactions beyond the free limit at other bank ATMs will be charged Rs 23 for financial transactions and Rs 12 for non-financial transactions (like balance enquiry).

• A charge of Rs 25 per transaction will be levied for rejected transactions due to low balance.
• No charges will be levied at Federal Bank ATMs.
• Inward cheque return charges
• 400 rupees per time for rural areas and senior citizens,
• For other customers, a charge of Rs 500 per time has been fixed.

Locker Rent

Rural and Semi-Urban Branches

Small locker: Annual rent of Rs 2,000

Medium: Fare Rs 3,300

Big: Fare Rs 5,500

Urban and Metro branches

Small locker: Rent Rs 2,950 to Rs 5,000

Medium: Rs 3,950 to Rs 6,800

Big: Fares range from Rs 7,400 to Rs 12,800

Account closure charges

100 rupees if closed within 6 months

If closed between 6-12 months: Rs 100 for rural or senior citizen accounts, Rs 300 for other accounts. Also, there will be no charge if the account is closed within 14 days of the first deposit.

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