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.