How to Close Standard Chartered Bank Fixed Deposit
If you are looking to maximise your savings then investing in a fixed deposit account is the way to go forward. If you have a bank account with Standard Chartered Bank, then you can easily open a Standard Chartered bank fixed deposit account where you can make deposits on a monthly basis until your FD account attains maturity.
However, if you wish to close your Fixed Deposit account, here are the guidelines you will have to follow in order to close your Standard Chartered Fixed Deposit account.
Closing Your Standard Chartered Fixed Deposit Account on Maturity
- You will have to visit the nearest branch of Standard Chartered Bank and fill the fixed deposit account closure form. You must ensure that you have signed the form and then submit it to the branch manager.
- The next step involves attaching all the important Know Your Customers (KYC) documents along with the fixed deposit account closure form. You will also have to submit your identity and address proof documents along with the form.
- On opening a fixed deposit account, you are issued a fixed deposit certificate or receipt which will act as a proof of fixed deposit. The receipt will contain details of deposit amount, tenure, and interest rate. Once you submit the deposit certificate, the bank will verify it. If all the details mentioned are correct, the bank will disburse the maturity amount to your bank account.
Closing Your Standard Chartered Fixed Deposit Account Before Maturity
The steps to close your Standard Chartered Fixed Deposit account before maturity are the same as followed for closing your account on maturity. You will be required to submit the fixed deposit account closure form, KYC documents, and fixed deposit certificate.
The only thing that you will have to keep in mind is that the bank may charge you a pre-closure fee on allowing you to close your fixed deposit account before maturity.
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FAQs on How to Close Standard Chartered Bank FD
- How can I close my Standard Chartered Fixed Deposit account on maturity?
You can close your Standard Chartered FD account on maturity by visiting your nearest branch, logging into your online banking portal, or using the SC Mobile app. The maturity amount will be credited to your linked account automatically if no renewal instructions are provided.
- Can I open a Standard Chartered Fixed Deposit account online?
Yes, you can open a Standard Chartered Fixed Deposit account online.
- Can I close my Standard Chartered FD before maturity?
Yes, you can close your Standard Chartered FD before maturity; however, premature withdrawal charges may apply. You can initiate this through net banking, mobile banking, or by visiting a branch.
- Can I close my Standard Chartered FD online?
Yes, Standard Chartered allows customers to close their FD accounts online via Internet Banking or the SC Mobile App. Simply log in, select your FD account, and choose the ‘Close Deposit’ or equivalent option.
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