Can we change the FD interest payment option?

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ZenithZephyr
I had opened FD in PNB and selected "maturity" as FD Interest payment option. Now, can I change that, interest payment option to "monthly" by visiting branch or somehow.
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Pro Entertainer Pro Entertainer
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What's the benefit?

Deal Subedar Deal Subedar
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Probably just to increase your monthly income.

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Beacon Beacon
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u cant

Finance Mentor Finance Mentor
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Banks don't allow change in interest payment schedule.

Benevolent Benevolent
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banks don't give any such option they only allow to change the renew option.
Deal Cadet Deal Cadet
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You can change it at branch or online but it would mean breaking the FD and making it again. This would mean loss of some interest. 

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