How to Close SBI Fixed Deposit

Closing SBI FD Account on Maturity

You can close your SBI FD account on maturity by visiting your nearest branch. You will need to submit your fixed deposit certificate to initiate the process. If it is jointly held, ensure that it is signed by all the joint depositors. You may also be required to submit an FD account closing form with required details duly filled in such as your FD account number, savings account details, etc.

If you have the auto-liquidation option, then the entire FD amount on maturity will be credited to your linked bank account on maturity.

Closing SBI Fixed Deposit Before Maturity (Premature Closure)

Online:

To close your SBI FD account online before reaches its maturity period, follow the steps given below:

Step 1: Visit the official SBI net banking portal

Step 2: Log into your account using your net banking credentials

Step 3: Click on the ''fixed deposit'' option

Step 4: Click on either term deposit (e-TDR) or Special Term Deposit (e-STDR)

Step 5: Click on ''Proceed''

Step 6: Click on 'Close Account Prematurely'

Step 7: The list of your FD accounts will now be displayed

Step 8: Click on the FD that you wish to close

Step 9: Click on the submit button.

Step 10: Enter your reasons for closing the FD

Step 11: Click on ''Confirm''

Step 12: A password will be sent to your registered mobile number

Step 13: Enter the password

Step 14: Click on ''Confirm''

Step 15: The message ''Your e-TD/e-STD account has been successfully closed'' will now be displayed

The FD amount will be credited into your savings account.

Offline:

Here is what you need to do to close your SBI FD prematurely offline:

Step 1: Visit the SBI bank branch and obtain a premature withdrawal application form

Step 2: Fill up the form with the required details such as your bank account details, FD number, name, etc.

Step 3: Submit the form

The funds will be credited into your savings account once the request is processed