• How to Close Standard Chartered Bank Fixed Deposit

    If you are looking to maximise your savings then investing in a fixed deposit account is the way to go forward. If you have a bank account with Standard Chartered Bank, then you can easily open a Standard Chartered bank fixed deposit account where you can make deposits on a monthly basis until your FD account attains maturity.

    However, if you wish to close your Fixed Deposit account, here are the guidelines you will have to follow in order to close your Standard Chartered Fixed Deposit account.

    Closing your Standard Chartered Fixed Deposit account on maturity

    • You will have to visit the nearest branch of Standard Chartered Bank and fill the fixed deposit account closure form. You must ensure that you have signed the form and then submit it to the branch manager.
    • The next step involves attaching all the important Know Your Customers (KYC) documents along with the fixed deposit account closure form. You will also have to submit your identity and address proof documents along with the form.
    • On opening a fixed deposit account, you are issued a fixed deposit certificate or receipt which will act as a proof of fixed deposit. The receipt will contain details of deposit amount, tenure, and interest rate. Once you submit the deposit certificate, the bank will verify it. If all the details mentioned are correct, the bank will disburse the maturity amount to your bank account.

    Closing your Standard Chartered Fixed Deposit account before maturity

    The steps to close your Standard Chartered Fixed Deposit account before maturity are the same as followed for closing your account on maturity. You will be required to submit the fixed deposit account closure form, KYC documents, and fixed deposit certificate. The only thing that you will have to keep in mind is that the bank may charge you a pre-closure fee on allowing you to close your fixed deposit account before maturity.

    FAQs

    1. As a senior citizen will I be able to avail additional benefits on opening a fixed deposit account?

      As a senior citizen, you will be able to earn an additional 0.5% interest rate on your fixed deposit.

    2. Can I open a Standard Chartered Fixed Deposit account online?

      Yes, you can open a Standard Chartered Fixed Deposit account online.

    3. What is the minimum and maximum tenure for a fixed term deposit?

      The minimum and maximum tenure for a Standard Chartered fixed deposit is 7 days and 5 years respectively.

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.