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Early (premature) Withdrawal

A withdrawal of funds from an IRA, a 401(k) plan, or any tax qualified retirement plan, usually before age 59½. Early withdrawals are subject to tax penalties, though there are some exceptions.

News On Early (premature) Withdrawal
Differential rate for bulk amount to impact banks: BoI  

16-04-2015| Source:CNBC-TV18

According to an RBI note: Term deposits of Rs 15 lakh and below must have premature withdrawal facility. For deposits above Rs 15 lakh, banks may or may not offer premature withdrawal.

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