Skip to content

How to Fill 2025

  • Home
  • Aadhar Card
  • SBI KYC ONLINE
  • Google History
  • Hamraaz Login
  • SBI
  • Privacy Policy

How to Close HDFC FD | How to Close HDFC Bank Fixed Deposit Account

Easy steps to Close HDFC Bank Fixed Deposit Account. How to Close Fixed Deposit HDFC Bank Account. HDFC Bank Fixed Deposit Break / Premature Withdrawal Process. Given below.

HDFC Fixed Deposit Account

Opening a bank account gives the intuition of saving or conducting various financial transactions. An account is a safe platform to keep and transfer funds. It offers accountability and money transparency. However, getting a fixed deposit account goes beyond the normal transaction but a plan for the future or conducting big projects. A Foxed deposit is a secure account that allows an individual to save a particular amount for a certain period.

The money shouldn’t be withdrawn until maturity to provide better returns. Every bank has a set interest rate and benefits based on the customer’s savings and timeframe. After maturity, the bank transfers the interest gained and the amount to account user’s savings account for easy withdrawal. However, one can also reinvest the interest or renewal the tenure based on needs. It’s also possible to close an FD account before maturity (prematurely), though with various consequences. 

How to Close HDFC FD

HDFC Bank offers multiple banking services, each with financial benefits. The bank provides FD account services that give customers a chance to save funds in flexible timelines. The Fixed deposit account is designed with a tenure of 7 days to 10 years. HDFC customers seeking to save money for longer can apply for an FD account.

  • How to Close IDFC First Bank Account Online
  • How to Close Axis Bank Account Online
  • SBI Online Account Opening Zero Balance | SBI Zero Balance Account at Yono APP

In a financial crisis, the bank allows account holders to get loans against the FD funds. One can also get an overdraft of up to 90% of the saved amount. This eliminates the idea of withdrawing or closing the account prematurely and getting a penalty for the same.

How to Withdraw FD Funds After Maturity

Once the amount matures, the bank will include the set interest benefits. The users can opt to:

  • Withdraw the amount to their saving account
  • Reinvesting the interest: The account user can invest back the interest gained from money.
  • Auto-renewal: The bank auto-renews the period if the account user doesn’t transfer the amount.

The bank transfers the funds using RTGS or NEFT services to the saving account. They can also use cheques addressed to the depositor.

How to Close an HDFC FD Account Prematurely

  • Open the HDFC internet banking portal link. https://netbanking.hdfcbank.com/netbanking/
  • Next, enter your login credentials to access account options.
  • Select the “fixed deposit” tab, followed by the “liquidate fixed deposit” option.
  • The page will show a list of FD accounts; choose the account you want to close.
  • Review the information and press the “Continue” button.
  • Next, confirm the details and click submit button.
  • The system will verify the request and credit the amount to the saving account.

Offline Method

  • Go to HDFC Bank and request to close your FD account.
  • The bank representative will provide a premature withdrawal application form.
  • Enter the required details like FD number, name, and bank account data.
  • Recheck the form before submitting back to the officers.
  • The bank will review the information and transfer the data to your saving account.

A premature closure means low or no interest rate. Suppose the user wishes to withdraw part of the money; the bank will provide a low-interest benefit. However, the remaining funds are entitled to the full interest rate.

Reasons to Close FD Account Before Maturity

  • Emergency issues
  • Moving abroad
  • If the bank has low-interest rates
  • Poor customer care service
  • Better investment opportunities

To await the maturity date, FD account users are advised to take a loan or overdraft against the saved amount. This will buy the user time for the funds to mature. However, some situations are inevitable, leading to closure.

FAQs

  1. What is the penalty for premature withdrawal of the FD account?

    The HDFC Bank applies a 1% interest rate penalty for premature FD withdrawal.

  2. Can I get a loan or overdraft using FD account funds?

    Yes, the bank offers up to 90% of the loan or overdraft against FD savings.

  • How to Close IDFC First Bank Account Online
  • How to Close Axis Bank Account Online
  • SBI Online Account Opening Zero Balance | SBI Zero Balance Account at Yono APP
  • VIVO Cloud Login & Sign UP 2025 at Service.vivocloud.com
  • HSBC Credit Card Payment Online 2025 Step By Step Guide
  • Hindustan Times Epaper PDF Download | Daily HT Epaper Free 2025
  • GTPL HRMS Login | GTPL Payslip 2025 Payroll at Hrms.gtpl.net
  • Exide Battery Warranty Registration 2025 at Exidecare.com
  • KVB NET Banking
  • Pan Card Download
  • PSPCL HR
  • IFHRMS Login
  • LIC Merchant Login
  • GHMC Property Tax
  • India Post Agent Login
  • HPCL Business Portal
  • Ultimatix TCS Login
  • Meesho Supplier Login
  • Del e login
  • SBI Balance Check Number
  • Hamraaz Login
  • SBI Mini Statement Number
  • CUIMS
  • Sdms .px .indianoil.in
  • Poshan Abhiyaan Gov In
  • Canara Bank Balance Check
  • PNB Balance Check
  • HRMS Odisha
  • AP CFMS Bill Status
  • Udise Plus login
  • CSE AP
  • MIS Portal Haryana
  • Epunjab School Login
  • Airtel Tez Portal
  • EEDS Login Karnataka
  • PNB Net Banking
  • SSA Gujarat
  • Sevarth Mahakosh
  • PICME Login
  • Google History Delete
  • SBI HRMS
  • HWC Portal Data Entry
  • JNB Nivas Login
  • PGT, TGT & PRT
  • Change Mobile Number in Aadhar
  • PNB HRMS
  • EHRMS Punjab Login
  • ICICI Caps Login
  • Shaala Siddhi
  • Koshvani .up .nic.in
  • FMS BSNL
  • BSF Pay Slip
  • Union Bank Balance Enquiry
  • HMIS Login
  • Chegg Expert Login
  • Payroll HERB
  • HDFC Customer ID
  • ITBP Pay Slip
  • MahaDBT Scholarship
  • E Sadhana TG
  • SGPA to Percentage
  • JKPAYSYS Salary Slip
  • UDIN ICAI Login
  • PayManager
  • Finassam
  • TNEB Reading Details
  • E District Assam
  • SBI Complaint Register
  • Current Location Pin Code
  • Intra Haryana
  • SSO Rajasthan
  • Canara Bank Customer ID
  • UBI Teacher Login
  • DOPBNK Full Form
  • WBIFMS Login
  • Central Bank of India Balance
  • Delete Phonepe History
  • UTI PSA Login
  • AO Code For PAN CARD
  • Rconnect Login
  • Rajgir Glass Bridge
  • TS Childinfo
  • RCH Portal
  • TTD Free Darshan
  • BSNL Complaint Register
  • CGHS Online Appointment
  • Canara Bank Mini Statement
  • Axis Bank Corporate Net Banking
  • HGS Payslip
  • Federal Bank Net Banking
  • Tnvelaivaaippu Renewal
  • TN EMIS School
  • PF Balance Check
  • Grama Sachivalayam Login
  • Activate Axis Bank Credit Card
  • SBI Debit Card Activation
  • SBI E Learning
  • Nicco Park Kolkata
  • Ejanma Karnataka
  • Makaut Student Login
  • Onlinesbi
  • IOB Net Banking
  • UCO Bank Balance Check
  • SBI Saral Corporate
  • CFMS Bihar
  • OSEPA Extended MIS Login
  • EHS AP Health Card

Disclaimer: We are not responsible for any type of content mistakes in this Blog/Website. Please refer official website

Privacy Policy

Contact Us

2013-2024 Howtofill.com ©