Yes, premature withdrawal allowed in Shriram Finance Ltd FD, details are as below: –

1) The company reserves the right to allow, at its absolute discretion, withdrawal of Fixed deposit before maturity. Where a deposit is so allowed to be prematurely withdrawn the relative deposit receipt must be discharged by all the depositors in case of A or S/s deposit and by the first named depositor in case of F or S/s deposit.
2) As per the Directions of Reserve Bank of India currently in force: premature repayment:
a) Up to 3 months from the date of deposit/renewal (Lock-in-period): No repayment allowed, except in the event of the depositor’s death.
b) After 3 months but before 6 months: No interest payable.
c) After 6 months but before the date of maturity: The interest payable will be 2 percent lower than the interest rate applicable to the fixed deposit for the period it has run. If no rate is specified, it will be 3 percent lower than the minimum rate at which fixed deposits are accepted by the company.

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