FD Investment: While there are many benefits of investing in FD (FD ke fayde), there is an equal disadvantage in breaking it before maturity. Most people are unaware of this disadvantage (FD ke nuksan), they come to know about it only when they do not get the benefit as per the expected return. If you are facing the situation of breaking the FD made in the bank (bank FD rules), then definitely know about the rules related to it and the financial loss before maturity.

Banks impose a penalty-

Many times in life, such a financial situation arises that suddenly money is needed. Many people take a loan (bank loan news) in this situation, and many times, they withdraw the money invested by themselves in an FD.

On breaking the FD (Fixed deposit), the bank imposes a penalty on the customer (Penalty on FD breaking). In this situation, instead of profit, there is a loss. However, by taking some measures, this can be avoided.

Penalty is charged according to this-

Whenever a customer breaks the FD before maturity, he is not given the interest amount that was decided by the bank at the time of starting the FD. Talking about the country's largest government bank, the State Bank of India, according to its rules, a penalty of 0.50 percent is charged for breaking an FD up to Rs 5 lakh before maturity. This means that a 0.50 percent amount is deducted according to the amount of the FD (FD demerits).

If the FD is of a large amount, then this much will be deducted-

If you break an FD of more than 5 lakh and less than one crore, then this penalty (FD break krne par penalty) increases to 1 percent. Apart from this, interest can also be deducted by 1 percent.

This is how you can avoid financial loss-

If you have to break FD before time (FD breaking Rules), then to avoid financial loss, you should get a short-term FD. This can also be the right decision when you know at the time of getting an FD (FD kab tudwaye) that you will need money in the future. In such a situation, make sure in advance that when you need this money, you get an FD of shorter duration (FD tenure) than that.

Get multiple FDs of a small amount-

Instead of investing money in a single FD (FD investment rules), you can get multiple FDs of a small amount. If you have 5 lakh rupees, then you can get 5 FDs of 1 lakh rupees each (FD news). In such a situation, at the time of need for money, you can manage by breaking 1 or 2 FDs; your remaining FDs will be safe, and you will keep getting the fixed interest (FD interest rates). Instead of breaking FD, you can also fulfill your financial needs by taking a loan on it (loan on FD).

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