now that you are planning to close the fd, did you calculate how much interest you earn after also calculating penalty. If you required to close it anyway why not keep 1cr in sa only because your fd will also attract same roi only and not the roi mentioned in your 1 year fd
Around 30-35K penalty as to adjust FD ROI.
What was the interest amount of 50 days adjusting penalty
omg, do you realize you spent around 70k just to get that card. You could have earned 1 lakh in 50 days by keeping that amount in savings account say example idfc first bank.
I'm curious if you knew you will break the fd, why didn't you put that amount in savings account only and save the penalty charges. They are not okay with 1 cr in sa?
They are okay with CASA, can maintain 1 Cr in savings. There’s no penalty, it’s just ROI adjusted to what they have to offer for 2 months FD. It’s still more than ROI on SA.
