Premature withdrawal will not be allowed before the completion of 3 months from the date of deposit. In case of a request for premature withdrawal after the expiry of three months, the rates given in the following table shall apply.

• After 3 months but before 6 months - The maximum interest payable shall be 4% per annum for the individual depositor, and no interest in case of other categories of depositors

• After 6 months but before the date of maturity - The interest payable shall be 1% lower than the interest rate applicable to a public deposit for the period for which the deposit has run or if no rate has been specified for that period, then 2% lower than the minimum rate at which the public deposits are accepted by HDFC.

• For premature withdrawals of deposits, the duly discharged FDR with a revenue stamp of requisite value must be surrendered to the company. Premature withdrawals of single or jointly held fixed deposits shall be processed only after such a request is signed by all the depositors along with FDR duly discharged and a canceled cheque leaf should be submitted.

• In the event of the death of a depositor, the Company may repay the Deposit prematurely (irrespective of the lock-in period) to the surviving depositor (which in the case of joint holders will be the first in the sequence of applicants in the Application) or to the nominee/ legal heir(s) of the deceased depositor, upon the request of surviving depositor/s/nominee/legal heir, as the case may be, and only subject to the submission of proof of death and other requisite documents to the satisfaction of the Company.