Re: Pre maturity of Partial Payment of Fixed deposit

Dear Mani,

Thanks for your quick response and useful inputs.

Now client has come up with new requirement that while doing pre maturity of partial amount, the interest rate will be reduced by the bank with some unknowed % on the partial premature amount. The balance amount will remains same with the interest rate specified earlier.

Client wants to get effect of that reduced % of interest. if he changes the interest rate, it will effect the total amount.

Please provide your valuable inputs on this.

Thanks

Sateesh Tavva.