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:
How to Close Other Banks' FD
Via Axis Bank Mobile App
Via Axis Bank 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.
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’
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.
No, you will not be charged any extra amount for breaking an FD online.
You can earn up to 4.25% on your fixed deposits with Axis 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.
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