No. Recurring Deposits have a maturity date and you can withdraw the money only after the deposit matures.
If you want to withdraw the money before maturity date, the bank will charge you a penalty for doing so.
Withdraw
A savings bank account is an account that is designed to store savings. You cannot draw money out of it using a debit card or checks, but it pays a higher interest rate than a checking account.
Withdraw all money from the account and give an account closing letter to Bank.
A checking account is one in which you keep a certain amount of money and use it for your regular day to day transactions. For ex: to pay your phone bill, to pay for your groceries etc. Banks usually do not give you a significant interest on your deposit in this account because of the liquid nature of the account and because you can withdraw your funds anytime you want. A savings account is one in which customers save their monthly savings and they are not like the current account. Though the money is available at any time for the customer to withdraw, money is not as frequently deposited/withdrawn from it like the current account. Hence banks offer a meager interest rate for the money held in this account.
A checking account is one in which you keep a certain amount of money and use it for your regular day to day transactions. For ex: to pay your phone bill, to pay for your groceries etc. Banks usually do not give you a significant interest on your deposit in this account because of the liquid nature of the account and because you can withdraw your funds anytime you want. A savings account is one in which customers save their monthly savings and they are not like the current account. Though the money is available at any time for the customer to withdraw, money is not as frequently deposited/withdrawn from it like the current account. Hence banks offer a meager interest rate for the money held in this account.
You can do it anytime. There are no restrictions as to when you can deposit or withdraw funds from your savings account. It is your account and your money and so you can use it anytime you want at your will and wish. The bank cannot and will not stop you from doing so.
One can withdraw money anytime, can be used as a liquid cash.
You will need to know the penalties and fee's for the account if you decide to withdraw money and if you are able to withdraw at anytime or if the money is locked in for a specific timeframe.
You can withdraw money from your PF account by submitting a written request to your regional PF office with your PF Account number. The PF account is not like normal bank accounts and hence you cannot do it anytime and everytime you wish. You can make only 3 withdrawals throughout the duration of the PF accounts lifetime.
A person who is a bonafide customer in the bank can withdraw the money from his/her account within his/her clear balance available in the account.
The secret to saving money is to put more in the account than you withdraw from the account.
Go to the credit union and tell them that you want to withdraw money.
Both signers on the account can withdraw money
You can make the first withdrawal even 5 mins after your account is successfully created. Usually banks may take one or two working days to create your account. But once that is done, you are free to withdraw your money anytime. how can i withdraw from my American equity investment life insurance company?
Withdraw
It means that you have money in your bank account that can be withdrawn whenever you need. A credit balance indicates that there is money in your account whereas a Debit balance indicates that you owe money to the bank. You can withdraw as much money as you have in your account anytime you want if the account is a saving or checking account. If it is a Time Deposit, you may have to wait until the deposit matures or incur the penalty for premature closure.
You can withdraw any amount you wish from your account but if you want to withdraw from an ATM there is normally a daily limit in the amount that you can withdraw that depends on each bank.