Existing SBI FD accountholders can close their SBI FD account online through two modes: net banking, and ‘Yono’ mobile app. Upon successful closure of the fixed deposit account, the maturity proceeds are credited to the source account. Closing an SBI FD online is a simple process and can be done in the following steps:
How To Close SBI FD Online Through Netbanking
Stated below are the steps to close SBI FD online through net banking:
Step 1: Login to SBI Net Banking (onlinesbi.sbi)
Step 2: Go to the ‘Deposit & Investment’ Tab and click on Fixed Deposit (e-TDR/e-STDR).
Step 3: Click on the type of fixed deposit you want to close and tap on ‘Proceed’
Step 4: Click on ‘Close A/c prematurely’
Step 5: Click on the FD account number you want to close.
Step 6: The maturity proceeds will be automatically transferred to the respective debit a/c from which your FD was originally funded at the time of its opening.
However, depositor should note that the FD can be closed instantly if the request is initiated between 8:00 a.m. to 8:00 p.m. The request initiated beyond this specified duration will be executed after the next opening hours i.e. 8:00 a.m.
Looking for Higher FD rates? Book an FD @6.5% p.a. and get a lifetime free credit card
FDs of up to ₹5 lakhs insured by RBI
No hassle of opening a saving account
No documentation
