How to Withdraw Money from Fixed Deposit after Maturity?

If your FD is getting matured and you want to know

how to withdraw money from fixed deposit after maturity, I can share the steps here with you. Let me tell you that this can be done via both online and offline mode. Usually after maturity either of the 2 things happen: Auto-renewal, or Auto-liquidation.

How to Withdraw Money from Fixed Deposit after Maturity Online?

Offline

• If you prefer traditional methods, visit the bank branch where you opened the FD. Carry essential documents such as your FD receipt or certificate, identification proof, and passbook.

• Many banks allow FD withdrawal through their online banking platforms. You can log in to your bank’s net banking portal or mobile banking app to initiate the withdrawal.

• In the case of physical withdrawal at the bank, you will need to fill out an FD maturity form.

Online

• For online banking, once logged in, navigate to the “Fixed Deposit” section and select the matured FD. Choose the option to withdraw and have the funds credited to your savings or current account.

• After the bank processes your request, the maturity amount (principal + interest) will be credited to your bank account, typically within a few hours or on the same day.

I hope this helps you with

how to withdraw money from fixed deposit after maturity

.

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Initially, we used to visit the bank and withdraw money from our fixed deposit but from now on, we will do it online. During our last visit to the bank for FD withdrawal, a bank official helped us understand how to withdraw money from fixed deposit after maturity online. Let me help you with it.

How to Withdraw Money from a Fixed Deposit After Maturity Online?

To withdraw money from an FD online, you will have to:

• Log in to the online banking portal of your bank 

• Navigate to the Fixed Deposit section

• Look for the option labelled “Withdraw”

• Select the FD from where you want to withdraw money

• Enter all relevant details as asked for and proceed

This is the basic process to withdraw FD money irrespective of different banks. If you want to withdraw the money offline, you will need to:

• Visit the bank where you have the FD account

• Submit your FD certificate to confirm that you want to withdraw money

• Fill out the withdrawal form with all the necessary details and sign it

These are the processes or rather answers to your query: how to withdraw money from fixed deposit after maturity online or offline. You can go with whichever you find easy.

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