Vijaya Bank (now merged with Bank of Baroda) offers fixed deposit accounts with tenures ranging from a minimum of 7 days to a maximum of 10 years. The fixed deposits can be withdrawn on maturity or closed prematurely as well.
You can close your Vijaya Bank FD account by visiting the branch office where you opened your fixed deposit account.
To close your Vijaya Bank FD account on maturity, follow the steps given below:
The total amount on maturity will be transferred to your savings account.
If the auto-liquidation feature is available, the FD amount will be credited to your linked bank account automatically on the date of maturity.
Here is what you need to do to close your Vijaya Bank FD prematurely:
The funds will be credited into your savings account once the request is processed
Yes, there is a penalty of 1% for premature withdrawal of domestic term deposits greater than Rs.5 lakh if it is withdrawn within 12 months from date of opening.
Yes, you can partially withdraw from your Vijaya Bank fixed deposit account.
No, you will not get the same rate of interest on your remaining fixed deposit. You will get an interest rate that is 1% below the rate applicable for the remaining tenure of your fixed deposit.
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.