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Does FD have a lock-in period?

Posted:20th November, 2024
Updated:24th July, 2024

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1898

Yes, fixed deposits (FDs) generally have a lock-in period. This means that you cannot withdraw your funds before the maturity date without incurring a penalty.

Posted:24th July, 2024
Updated:24th July, 2024

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1454

The maximum time limit for a fixed deposit (FD) varies depending on the financial institution.

Posted:24th July, 2024
Updated:24th July, 2024

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1619

Yes, you can typically deposit 10 lakhs in a Fixed Deposit (FD).

Posted:24th July, 2024
Updated:24th July, 2024

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1404

The best type of Fixed Deposit (FD) depends on individual financial goals.

Posted:24th July, 2024
Updated:24th July, 2024

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1361

Yes, most financial institutions allow you to open a Fixed Deposit (FD) online.

Posted:24th July, 2024
Updated:24th July, 2024

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1668

Yes, Fixed Deposits (FDs) offer monthly interest payouts. The non-cumulative FD scheme provides an option to get payouts credited to your account each month.