Example of Immediate FD Premature Withdrawal Calculation:įixed Deposit Premature Withdrawal (With 31days’ Notice Period).

No interest shall be paid on any immediate fixed deposit premature withdrawal (Without 31 days’ Notice Period) that has not completed its respective full tenure period.

Immediate Fixed Deposit Premature Withdrawal (Without 31 days’ Notice Period) With effect from 1 January 2019 (“Effective Date”), the new premature withdrawal rule for all existing, renewed and new placements of Conventional Fixed Deposit are as follows :.

Terms and Conditions on Fixed Deposit (FD) Premature Withdrawal In accordance with the Unclaimed Moneys Act 1965 (revised 1989) the money in the Fixed Deposit under Automatic Renewal shall be classified as Unclaimed Moneys if the Fixed Deposit is not operated for a period of seven (7) years from date of deposit or date of last transaction, whichever is later. Please contact the nearest Maybank branch for the latest ratesĬomputation of Interest shall be based on the number of days within the term of the deposit. What interest rates can you expect from us?Īll interest / dividend rates quoted may change without prior notice.

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