Loss of principal on premature withdrawal of fixed deposit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 July 2012
Is the loss of principal on premature withdrawal of fixed deposit a capital loss ?
Can it be shown as long term / short term capital loss????????????
Can it be shown as long term / short term capital loss????????????
26 July 2012
there can not be loss of Principal on premature withdrawal of FD it only impacts the interest. generally bank reduces ROI by 2% max it can be 0% but in no case it will impact your principal.
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