How to Close Axis Bank Fixed Deposit

Most people consider a fixed deposit (FD) to be the safest investment option in the market. Fixed deposits are also known as ‘term deposits’. The term for these deposits can range from 7 days and to 10 years. A fixed deposit is liquid and you can open and close a fixed deposit at any time. If you want to close your fixed deposit, note that there are two ways of doing so:

• Closing your fixed deposit on maturity
• Closing your fixed deposit before maturity

Ways to Close an Axis Bank FD Account

• Via Axis Bank Mobile App
• Via Axis Bank Internet Banking
• By visiting a branch

Closing an Axis Bank FD Account on Maturity

Via Axis Bank Mobile App

1: Open the Axis Bank app on your mobile

2: Tap on ‘FD/RD’

3: Choose your FD number (the one you want to close)

4: Select 'Close Fixed Deposit’

5: Type in your MPIN which will be sent to the mobile number which you have registered with the bank

6: Click on ‘Submit’ and your FD will be closed

Via Axis Bank Internet Banking

1: Log into the Axis Bank net banking portal

2: Select ‘Accounts’ and click on ‘Deposits’

3: Tap on ‘More Services’ and choose ‘Break FD’

4: Choose the account that needs to be credited with the amount

5: Key in your Axis Bank NetSecure Code

6: Select ‘Submit’

Closing an Axis Bank Account FD Before Maturity/ Pre-closure

Pre-closure of Axis Bank FD Account Via Internet Banking

1: Log into the internet banking portal and click on ‘Accounts’

2: Click on ‘Deposits’

3: Choose the FD

4: Choose ‘Break FD’

5: Click on the account that needs to be credited

6: Key in your NetSecure Code & Submit

7: Your FD closure request will be processed immediately.

Pre-closure of Axis Bank FD Account Via Axis Mobile App

1: Open the Axis mobile app and click on 'FD/RD’

2: Choose your FD number

3: Select 'Close Fixed Deposit’

4: Type in your MPIN

5: Click on ‘Submit’

Pre-closure of Axis Bank FD Account by Visiting the Branch

You can visit any Axis Bank branch and submit a photo ID proof along with a Fixed Deposit Advice which is signed by the deposit holder.

FAQs on Closing an Axis Bank FD Account

1. Will I be charged an extra fee if I break an FD online?

   No, you will not be charged any extra amount for breaking an FD online.

2. What is the highest interest I can earn on an Axis Bank FD?

   You can earn up to 4.25% on your fixed deposits with Axis Bank.

3. Can I apply for an Axis Bank FD account via internet banking or should I go to the bank?

   You can apply for an Axis Bank FD account via internet banking. You can also close the FD whenever you want through internet banking as well.