As per the Directions of RBI currently in force, premature repayment: Where a recurring deposit is allowed to be prematurely withdrawn the relative recurring deposit receipt must be discharged by all the depositors in case of A or S/s deposit and by the first named depositor in case of F or S/s deposit. The company reserves the right to allow, at its absolute discretion, withdrawal of recurring deposit before maturity.
How can premature withdrawal be done and what are charges applicable?
