OverviewFD Interest RatesFD CalculatorOpen FDClose FDTax Saving FDSenior Citizen FD Rates
Updated 08 Dec 2023
Even though fixed deposits (FDs) are trustworthy financial safeguards, there are times when it becomes necessary to retrieve the money before it matures. Breaking an FD becomes a sensible choice in an unanticipated emergency, a rich investment opportunity, or any other compelling need.
This manual will help you through the steps and things to consider when prematurely terminating an FD with Federal Bank. With this knowledge, you can make sure the procedure is quick and as inexpensive as feasible. Let's review the nuances of breaking an FD with a Federal Bank and the best strategies.
Closing an FD Account in Federal Bank through different modes
Using Online Banking
- Access the Federal Bank's online banking platform.
- Head over to the 'FDs' segment.
- Click on the 'Premature Withdrawal’ feature.
- Pick the FD you're thinking of terminating early.
- Adhere to the instructions displayed to wrap up the action.
Via Mobile App
- Open Federal Bank's mobile banking application.
- Find the space dedicated to Fixed Deposits.
- Click on the choice indicating early closure or termination of the FD.
- Choose the FD you're considering for closure.
- Complete the procedure as guided by the app.
In-Person at the Branch
- Walk into your nearest Federal Bank outlet.
- Share with the bank representative your intent to terminate the FD early.
- They'll provide a form concerning the early closure of FDs. Complete and return it.
- Show the required ID and, if needed, the original FD documentation.
- Once they process your request, your funds will be directed to your primary bank account.
Via Phone Service
- Some banks provide the option of attending to such matters over their customer service line. Consider dialing Federal Bank's helpline to discuss the possibility of terminating your FD via phone.
Earn Once in a decade FD Returns
Lock in returns as high as 9.5% before they go down
Explore Now
FAQs
Will the interest rate change if I close my FD prematurely?
When you break an FD prematurely, you may receive an interest rate that's lower than the original rate offered at the time of booking.
Do I need to submit the original FD receipt when closing the FD?
Typically, when breaking an FD at a branch, you might be asked to provide the original FD receipt.
How quickly will I receive the funds after closing the FD?
Once the FD is broken, the funds usually get credited to the linked bank account immediately or within a few hours.
Close FD in Top Banks
Close ICICI Bank FD Online
Close Indian Bank FD Online
Close HDFC Bank FD Online
Close Axis Bank FD Online
Close IndusInd Bank FD Online
Close Yes Bank FD Online
Close IDFC First Bank FD Online
Close IDBI Bank FD Online
Close RBL Bank FD Online
Close South Indian Bank FD Online
Close DCB Bank FD Online
Close Karnataka Bank FD Online
Close City Union Bank FD Online
Close Karur Vysya Bank FD Online
Close Standard Chartered Bank FD Online
Close CSB Bank FD Online
Close SBM Bank FD Online
Close Kotak Mahindra Bank FD Online
Close Bandhan Bank FD Online
Close Tamilnad Mercantile Bank FD Online
Close Nainital Bank FD Online
Close Central Bank of India FD Online
Close Indian Overseas Bank FD Online
Top Banks FD Schemes
Unity Small Finance Bank
Nainital Bank
Tamilnad Mercantile Bank
Suryoday Small Finance Bank
Bajaj Finance
Equitas Small Finance Bank
Karnataka Bank
Shivalik Small Finance Bank
Dhanlaxmi Bank
State Bank of India
City Union Bank
CSB Bank
Standard Chartered Bank
SBM Bank
UCO Bank
Karur Vysya Bank
Jana Small Finance Bank
HDFC Bank
Union Bank of India
Punjab National Bank
Indian Overseas Bank
Punjab and Sind Bank
Central Bank of India
Understanding Fixed Deposit
Fixed Deposit vs Term Deposit: Which one should you choose?
Types of Fixed Deposit (FD)
Tax On FD Interest
Overdraft Against Fixed Deposit (FD)
Fixed Deposit vs SIP
Alternatives to FDs in India
Sweep In Fixed Deposit
Premature FD Withdrawals: How to Withdraw and Penalty Rates?
Difference Between FD and PPF
Flexi Fixed Deposit
Tax Saving Fixed Deposit
Senior Citizen Fixed Deposit Interest Rates 2024
FD Vs Liquid Funds: Key Differences
Fixed Deposit vs RD
Cumulative vs Non Cumulative Fixed Deposit
Double Scheme Fixed Deposit
Post Office Fixed Deposit Interest Rates
Fixed Deposit vs Bonds
Fixed Deposit Receipt (FDR)
Fixed Deposit vs Sovereign Gold Bond: Which is Better?
Cumulative FDs: Meaning, Features, and Benefits
Credit card against FD
Tax Saver FD
TDS on Fixed Deposit Interest
Short Term FD
Disclaimer: Wint Wealth makes no guarantee or warranty on the accuracy of the data provided on this site, the information displayed is subject to change and are provided on an as-is basis. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. You are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions. We accept no liability for any loss arising from the use of information contained on this website.