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Serial No.: HAUSA SAVINGS AND CREDIT COOPERATIVE SOCIETY P. O. BOX 4610106, OTTAWA Tel: 0721 177 255 Email: mausasacco gmail.com Website: www.mausasacco.comDate FIXED DEPOSIT CONTRACT FORM APPLICANTS.

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Closing a Fixed Deposit (FD) is a simple process and can be done online as well as by visiting the bank branch. You can close an FD before maturity and after maturity. The process of closing the FD by visiting the branch is same for most of the banks.

In a Fixed Deposit, you put a lump sum in your bank for a fixed tenure at an agreed rate of interest. At the end of the tenure, you receive the amount you have invested plus compound interest.

Visit your lender's website. Login by entering your user ID and password and go to the service request section. Select the option prompting for 'Premature Closure of Fixed Deposits' Enter your FD number and submit a cancellation request.

Yes, investment can be terminated before maturity; however a portion of accrued interest will be forfeited.

Disadvantages of FD Premature Withdrawal Penalty: You are liable to pay a penalty if you want to withdraw your FD before maturity. A bank usually charges anywhere between 0.50% to 1.00% of the interest as a penalty. The applicable penalty may change ing to the discretion of the bank.

You invest the amount of your choice as. Upon maturity, you can withdraw the funds that you have accumulated over the years as your investment returns. The minimum amount and the term duration for the fixed deposit vary from bank to bank. You can not withdraw the amount that you have invested till maturity.

Firstly, visiting the bank's branch office allows for a traditional withdrawal process. This can be done by completing the necessary form and submitting the required documents. Alternatively, a more streamlined approach is to utilize online banking services for fixed deposit withdrawals.

Normally, banks impose a penalty ranging from 0.50% to 1% as a fixed deposit early withdrawal penalty, depending on the bank. Banks may also not impose penalties on deposits held for a certain minimum period.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232