How can I close my FD early?
- Posted:20th November, 2024
- Updated:20th November, 2024
To close your Fixed Deposit (FD) early, you'll typically need to submit a written request or online application form to your financial institution. However, there might be a nominal penalty applicable for early withdrawal. The penalty amount can vary depending on the financial institution, the tenure of the FD, and the amount withdrawn.
It's essential to review the terms and conditions of your FD agreement for specific details regarding early closure and any associated penalties. Contact your financial institution directly for more information and to initiate the process.
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