Yes, a penalty will be charged for any early upliftment of Foreign Currency Fixed Deposits Account.
No partial upliftment is allowed. Any early upliftment is subjected to penalty charges as below:
Total penalty = interest accrued + handling fee + replacement cost
Note:
Handling fee is USD50 (or equivalent)
Replacement cost = (current market day rate - contract rate) x remaining days to maturity
The replacement cost can be zero if the current market rate at the date of the premature upliftment is less than the deposits contract rate.