Can I withdraw the money invested in a tax-saver FD before maturity? Will there be a penalty on it?
No, tax-saver FDs cannot be withdrawn before maturity.
My bank has not yet replaced my credit card with a new one that requires a PIN. Can I ask my bank to do it?
In case you have a magnetic stripe credit card and wish to replace the same with a chip-enabled (EMV) credit card, you will need to reach out to your bank for it. Banks at this point of time have replaced those credit cards, which have done at least one international transaction.
Alternately, while you could choose to wait for your bank to replace the card on expiry, it would be advisable to replace your card proactively, as you will get the enhanced security benefits associated with a chip (EVM) card.
I want to take a loan to set up my dental clinic and the bank wants a guarantor. Can my retired father be a guarantor?
Since, the purchase of property (commercial) is a long-term loan, lenders do insist on another co-applicant /guarantor. Generally, the age of the co-applicant/guarantor should not exceed 60/65 years for salaried and self-employed customers, respectively, at loan maturity.
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