• How to Close ICICI Fixed Deposit

    ICICI Bank has fixed deposit accounts with attractive interest rates and flexible repayment tenures that range from 7 days to 10 years. Opening or closing an FD account with ICICI Bank is easy and hassle-free.

    Ways to close an ICICI FD Account

    You can close your ICICI FD account in three ways:

    • Online on the official website of ICICI
    • On the ICICI mobile application
    • Offline at the ICICI branch where the FD account was opened

    Closing an ICICI FD Account on Maturity

    If you had selected the auto closure facility for your FD account, it will be automatically closed on maturity. The amount on closure will then be credited to your linked savings account.

    If you had selected the auto renewal feature, you can close your FD account on maturity through the following channels:

    • Internet banking
    • ICICI mobile application
    • ICICI Bank branch
    • For amounts less than Rs.50,000, visit the ATM

    Internet Banking

    Step 1: Log in to your net banking account on the ICICI Bank net banking portal

    Step 2: Select ‘My Accounts’ from the bar menu

    Step 3: Select ‘'Deposits’'

    Step 4: Select ‘'Service Requests’'

    Step 5: Click on ‘'Close or Renew Fixed/Recurring Deposit’'

    Step 6: Fill the online form that will be displayed on the next page

    Step 7: Provide the savings A/c number in which FD amount will be credited

    Step 8: Select ‘'Closing on Maturity’'

    Step 9: Select your FD account number

    Step 10: Enter your registered mobile number of your registered email address or both

    Step 11: Click on ‘'Submit’'

    Step 12: Verify the details on the Request Confirmation page

    Step 13: Enter your One Time Password (OTP) sent to the registered mobile number

    Step 14: Click on ‘'Submit’'

    The confirmation message will be displayed on the screen and your linked savings account will be credited with the FD amount.

    Mobile Application

    To close your FD account through the ICICI iMobile application, follow the steps given below:

    Step 1: Log in to iMobile

    Step 2: Select the icon for ‘Accounts & Deposits'

    Step 3: Select ‘Deposits’

    Step 4: Select your FD account number

    Step 5: Select 'More Options’

    Step 6: Select 'Close FD’

    Your FD account will be closed instantly and the funds will be transferred automatically to your linked savings account.

    Offline

    To close your ICICI FD account offline, visit your nearest ICICI bank branch with your valid ID proof. Once you obtain the required documents at the branch and fill them up with the relevant details, your FD account will be closed and the amount credited to your linked savings account.

    Closing an ICICI FD Before Maturity (Premature Closure)

    You can close your ICICI FD account before maturity through the following channels:

    • Internet banking
    • ICICI mobile application
    • ICICI Bank branch

    Internet Banking

    To close your FD account before maturity, follow the steps given below to close it online:

    Step 1: Visit the official ICICI net banking portal

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

    Step 3: Click on ‘'Customer Service’'

    Step 4: Click on ‘'Service Request’'

    Step 5: Under the ‘'Category’' click on ‘'Deposits'’

    Step 6: Click on ‘'Closure/Renewal of Existing Fixed/Recurring Deposits’'

    Your FD account will be closed instantly and the funds will now be transferred to your linked savings account.

    Mobile Application

    To close your FD account prematurely through the ICICI iMobile application, follow the steps given below:

    Step 1: Log in to iMobile

    Step 2: Select the icon for ‘'Accounts & Deposits’'

    Step 3: Select ‘'Deposits’'

    Step 4: Select your FD account number

    Step 5: Select ‘'More Options’'

    Step 6: Select ‘'Close FD’'

    Your FD account will be closed instantly and the funds will be transferred automatically to your linked savings account.

    Offline:

    To close your ICICI FD account offline, visit your nearest ICICI bank branch with your valid ID proof. Once you obtain the required documents at the branch and fill them up with the relevant details, your FD account will be closed and the amount credited to your linked savings account.

    FAQs

    1. If the FD is a joint account, do I need signatures of all the depositors to prematurely close it?

      Yes, you need the signatures of all the depositors to close a joint FD account prematurely.

    2. Is there any penalty for premature withdrawal of ICICI FD account within a week of opening it?

      No, there is no premature withdrawal penalty applicable on an ICICI FD account if it is closed within a week of opening.

    3. Can I withdraw just a portion of my ICICI FD prematurely?

      Yes, you can make a partial withdrawal from your ICICI FD account.

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