How can I close my HDFC Fixed Deposit Online?
Via NetBankingLogin to NetBanking using your NetBanking ID and Password.Select Liquidate Fixed Deposit option under the Fixed Deposit menu on the left.Select the Fixed Deposit account number from the drop-down lists.Click on Continue and Confirm the details entered..
Can I cancel FD?
Some banks do offer premature withdrawal facility with zero penalty charges. However, if the FD is prematurely closed, before completing 7 days from the date of the booking, the bank or the company is not liable to pay any interest. Click here to know how to close the FD prematurely.
What happens to FD after maturity?
Closure of FD on maturity The maturity proceeds after the due date will then be transferred to the savings account of the individual. In case of online FD, the option to renew or close the FD on the maturity date can be done online. The maturity proceeds will then be credit to your savings bank account.
How do I stop my fixed deposit from automatically renewing?
You need to inform the bank before maturity that you would not be renewing the FD and that the auto-renew instructions should be cancelled. “If the depositor doesn’t inform the bank, it will renew the FD as per their policy, and you may have to pay a penalty if you break the FD,” said Shetty.
Can I close my fixed deposit online?
Did you know that apart from opening FD online, you can close it online too. Closing an FD is a simple process and can be done online as well as by visiting a bank branch. You can close an FD before maturity and after maturity.
Can we close FD account before maturity?
Fixed deposits, with premature withdrawal facility, allow the depositor to close the FD before the date of maturity. If the FD is prematurely closed, before completing 7 days from the date of the booking, the bank is however not liable to pay any interest, say experts.