Penalty charges for account holders looking to rebook FDs after RBI rate cut

Sat, Feb 22, 2025 | 10:14 AM IST

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1	Penalty charges for account holders looking to rebook FDs after RBI rate cut Different banks impose different penalty charges, and it typically involves a reduction in interest rate. The penalty can range from 0.5% to 1%. Here is a look at the penalty charges of State Bank of India (SBI), HDFC Bank, ICICI Bank, Punjab National Bank (PNB), Canara Bank, Bank of India, and YES Bank for premature withdrawal of FD.

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