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The bank,on request from the depositor,
will allow withdrawal of Term Deposit before completion of the period of
the deposit agreed upon at the time of placing the deposit. The bank shall
declare their penal interest rates policy for premature withdrawal of Term
Deposit. The interest rate applicable for premature closure of deposits
will be lower of the original rate at which the deposit has been booked
OR the base rate applicable as on the date of booking the deposit for the
tenure for which it has been in force with the bank.
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