Fixed deposit refers to a deposit method that is deposited in the bank for a certain period of time and withdrawn the principal and interest at one time after maturity. If you want to transfer your fixed deposit to someone else, you need to understand some knowledge and processes.
First of all, it should be noted that once a fixed deposit is converted into a demand deposit, it can be transferred like a regular demand deposit. Therefore, in order to transfer a fixed deposit to someone else, you need to go to the bank counter or convert the fixed deposit into a demand deposit through online banking, mobile banking, etc.
The next thing you need to know is the account information for the transfer. If you already know the other party's bank account information, you can directly transfer money. If you don't know the other party's bank account information, you can obtain the other party's account information through the inquiry service provided by the bank.
When transferring money, you need to fill in the transfer form and fill in the other party's bank account information accurately, including the beneficiary's name, beneficiary account number, opening bank, etc. At the same time, you need to check the transfer amount to ensure that the transfer amount matches the actual amount.
In addition, it is important to note the handling fee for transfers. Different banks have different regulations on transfer fees, so you can check the bank's official website or consult the bank's customer service for relevant fees.
In short, if you want to transfer a fixed deposit to someone else, you need to convert the fixed deposit into a demand deposit first, understand the account information of the other party and fill in the transfer form accurately, and pay attention to the transfer amount and handling fee. Before proceeding with the transfer operation, you can carefully read the operation guide provided by the bank or consult the bank's customer service to ensure that the operation is correct.
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