How to Close Federal Bank Fixed Deposit (FD) Online

Even though fixed deposits (FDs) are trustworthy financial safeguards, there are times when it becomes necessary to retrieve the money before it matures. Breaking an FD becomes a sensible choice in an unanticipated emergency, a rich investment opportunity, or any other compelling need.

This manual will help you through the steps and things to consider when prematurely terminating an FD with Federal Bank. With this knowledge, you can make sure the procedure is quick and as inexpensive as feasible. Let's review the nuances of breaking an FD with a Federal Bank and the best strategies.

Using Online Banking

• Access the Federal Bank's online banking platform.
• Head over to the 'FDs' segment.
• Click on the 'Premature Withdrawal’ feature.
• Pick the FD you're thinking of terminating early.
• Adhere to the instructions displayed to wrap up the action.
   

Via Mobile App

• Open Federal Bank's mobile banking application.
• Find the space dedicated to Fixed Deposits.
• Click on the choice indicating early closure or termination of the FD.
• Choose the FD you're considering for closure.
• Complete the procedure as guided by the app.

In-Person at the Branch

• Walk into your nearest Federal Bank outlet.
• Share with the bank representative your intent to terminate the FD early.
• They'll provide a form concerning the early closure of FDs. Complete and return it.
• Show the required ID and, if needed, the original FD documentation.
• Once they process your request, your funds will be directed to your primary bank account.

Via Phone Service

• Some banks provide the option of attending to such matters over their customer service line. Consider dialing Federal Bank's helpline to discuss the possibility of terminating your FD via phone.