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How to make the entry of a Premature fixed deposit?

In case of a fixed deposit is closed before the maturity date, it can be entered following the below steps.


Login to dashboard.mygate.com →  Accounts → Bank Accounts → Fixed Deposit → Click on the View button according to the fixed deposits listed here → Click on the button “Premature” → Input Pre-maturity date → Input Interest amount (If any extra interest received) → Input Penalty if any penalty is being charged → Click on “Premature” button. 

 


Note: Prematurity Amount is automatically calculated based on the Principal amount + Interest collected + (Extra interest - Penalty if any deducted).