1. Premature withdrawal is permitted for either one or more deposits provided the FD has completed more than 3 months from the date of issuance. The death claims will be settled by the terms and conditions applicable to Fixed Deposit.

2. Deposits may be withdrawn before the date of maturity subject to the regulations of the Reserve Bank of India in this regard. Please note that premature withdrawal of Deposit (including death cases) is subject to the following conditions:

• After 3 months but before 6 months - No interest is payable on the deposit. Only the principal is payable

• After 6 months but before the date of maturity - The interest rate payable is 2% lower than the interest rate applicable for the period for which the deposit has run. In case of no interest specified for the period run, interest payable will be 3% lower than the lowest rate being offered by the Company

• 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.

• 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.