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Can I redeem my index-linked Certificate of Deposit (CD) before its maturity date??

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asked Nov 2, 2015 in Others by Savita Vagmare

Can I redeem my index-linked Certificate of Deposit (CD) before its maturity date?

1 Answer

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answered Nov 2, 2015 by Deepak
Ms Savita,

Redemption of index-linked Certificate of Deposit depends on the terms of the contract. If the contract provides for sale/transfer, you will have to approach a broker who will find a buyer in the secondary market. If the new CDs are accepted at higher rate then you might have to sell your CD at a loss.

Please go through the terms and conditions of your contract that will throw light on the redemption.

Regards

Deepak
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