• How to Close HDFC Fixed Deposit

    HDFC Bank has fixed deposit accounts with attractive interest rates and flexible repayment tenures that range from 7 days to 10 years. You have the option of closing your HDFC account once it matures or close it prematurely before it reaches full maturity.

    Ways to close an HDFC FD Account

    You can close your HDFC FD account in two ways:

    • Online on the official website of HDFC
    • Offline at the HDFC branch where the FD account was opened

    Closing an HDFC FD Account on Maturity

    You can close your HDFC FD account on maturity by visiting the branch where you opened the account. You will need to submit your fully discharged fixed deposit receipt one week before maturity in order to initiate the process. If the maturity date falls on a bank holiday, then the deposit amount will be paid the next working day. The deposit amount will be credited either directly into the bank account through RTGS/NEFT or through an account payee cheque drawn on the first depositor.

    Closing an HDFC FD Before Maturity (Premature Closure)

    To close your FD account before maturity, follow the steps given below if you had opened the account online:

    Step 1: Visit the official HDFC net banking portal

    How to Close HDFC FD

    Step 2: Log into your account using your net banking credentials

    Step 3: Click on the ‘'fixed deposit’' menu on the left-hand side of the page

    Step 4: Select the option ‘'Liquidate Fixed Deposit’'

    Step 5: From the drop-down list, select the FD account that you wish to close

    Step 6: Click on ‘Continue’

    Step 7: Confirm the details entered and submit

    The FD amount will be credited into your savings account.

    Offline:

    If you have opened your HDFC FD account directly at the bank, you will have to visit the bank’s office to close your account prematurely.

    Step 1: Visit the HDFC bank branch and obtain a premature withdrawal application form

    Step 2: Fill up the form with the required details such as your bank account details, FD number, name, etc.

    Step 3: Submit the form

    The funds will be credited into your savings account once the request is processed

    FAQs on How to Close HDFC FD

    1. Is there any penalty for premature withdrawal of HDFC FD account?

      Yes, there is a premature withdrawal penalty for HDFC FD accounts. This is 1% on the applicable rate.

    2. Can I withdraw just a portion of my HDFC FD prematurely?

      Yes, you can make a partial withdrawal of your HDFC FD account.

    3. If I do a premature closure of my FD account, what will be the interest payable?

      If you are prematurely closing your HDFC account after 3 months of opening it, the rate of interest is the same as when it was opened. If it is closed after 3 months but within 6 months of opening, the interest rate is 3.00% p.a. If it is closed after 6 months but before the maturity date, the interest rate will be 1.00% lower.

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