“The objective of this customer-friendly feature is to inculcate and encourage retail customers to go for long-term savings without worrying about the sudden need for liquidity,” the bank said in a statement.
source https://economictimes.indiatimes.com/industry/banking/finance/banking/axis-bank-announces-no-penalty-on-premature-closure-of-term-deposits/articleshow/80210333.cms
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