How to Close Fixed Deposit in SBI Online?

Closing a Fixed Deposit (FD) with the State Bank of India (SBI) online is a convenient process that can be completed through SBI’s internet banking portal or mobile app. You must know details about your active FD for the same. Here is a detailed overview for you to understand how to close fixed deposit in SBI online. 

How to Close FD in SBI YONO App?

• Visit the

  SBI Internet Banking website

  or open the

  SBI YONO

  app on your mobile device.

• Login: Enter your username and password to access your account. If you are not yet registered for internet banking, you will need to complete the registration process. Once logged in, go to the "Accounts" tab.

• Choose FD: Locate and select the Fixed Deposit account you wish to close. This might be under a section labeled "Fixed Deposit" or "FD Services." In the FD section, look for an option to "Close Fixed Deposit" or "FD Closure."

• Select FD: Choose the specific FD account you want to close from the list of your active FDs. Check the details of the FD, including the maturity amount, interest rate, and maturity date.

• Confirm Closure: Confirm your request for closure. You might be asked to verify your details and choose whether you want the maturity amount to be credited to your savings account or any other account.

• Follow the prompts to complete the closure process. This may include entering an OTP (One Time Password) sent to your registered mobile number for security verification.

• Acknowledge Confirmation: After submission, you should receive an acknowledgment of your closure request. The FD amount will be credited to your linked savings account or the account you specified. Once the request is processed, check your savings account to ensure the maturity amount has been credited.

• Download Statement: You can also download or print the transaction statement for your records from the internet banking portal. If you face any issues or need assistance with the online closure process, contact SBI customer service or visit your branch for help.

Closing an FD with SBI online is efficient and can be done through SBI Internet Banking or the YONO app. Ensure you have your account details handy, follow the steps for closure, and verify the transaction to ensure the funds are credited as expected.

This is how to close fixed deposit in SBI online.

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If you're wondering how to close fixed deposit in SBI online, I've got you covered. Recently, I went through the process myself and found it straightforward and convenient. Here’s a quick guide to help you close your fixed deposit with State Bank of India online.

How to Close SBI Fixed Deposit Online?

To close your FD account, 

• Visit

  https://retail.onlinesbi.sbi/

  to access your net banking

• Click on the Fixed Deposit tab

• Under the Fixed Deposit tab, select the ETDR/STDR (FD) tab.

• Click on the "Close A/C Prematurely" tab.

• This part will provide a list of your FDs.

• Click the Continue button after selecting the FD you wish to close.

• Check the details of your FD, including the amount and the maturity date.

• In the "Remarks" box, state the reason behind the FD closure, then select the "confirm" tab.

• A "high security password" will be sent to your registered mobile number.

• After providing the "high security password," select the "confirm" tab.

• A note verifying the closure of the FD will be sent to you.

• Your savings account will be credited with the FD amount.

You must submit the FD closure request on the SBI website between 8:00 AM IST and 8:00 PM IST if you would like an immediate closure. Any closure request received after 8:00 PM will be reviewed the following business day.

I hope this helps you with how to close tax saver fd in SBI online.

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