[Resolved]  ICICI Bank — PREMATURE WITHDRAWAL DEDUCTION ON FD INTEREST

Ihad two Fds in the name of my daughters. Tired of everyday rumors of bank getting bankrupt I went to withdraw the FDs from the bank only 16 days prior to its maturity. I was supposed to be given ROI @ 9.5 % for 590 days but to my horror they gave me interest @ 5% after all the deduction where as their representative keeps us telling that only 1% penalty is deducted from the amount. It is a huge hidden loss.