Would I be able to withdraw my eFD before maturity?
For eFD placement/renewal from 1 November 2018 onward:
No interest will be paid for any premature withdrawal before the completion of its tenure.
For eFD placements/renewals prior to 1 November 2018:
i. eFD for 1 to 3 months' tenure
No interest will be paid for any premature withdrawal before the completion of its tenure.
ii. eFD for 4 months' tenure and above Before Completion of 3 months
No interest will be paid for any premature withdrawal.
After Completion of 3 months
For any premature withdrawal, half the interest of the contracted rate for each completed month of the withdrawn amount is payable.
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