How to Close Fincare Small Finance Bank Fixed Deposit (FD) Online

Closing a fixed deposit (FD) before its maturity is often a decision due to unexpected financial needs. With the shifting economic landscape and personal requirements, having the flexibility to break an FD can be invaluable.

Fincare Small Finance Bank, with its deep-rooted values in trust, technology, and transparency, offers its customers the option to close their FDs if needed. This blog will guide you through the process of premature withdrawal of your FD at Fincare Small Finance Bank, ensuring a smooth and hassle-free experience.

Online Method

• Visit the official website of Fincare Small Finance Bank.
• Navigate to the ‘Fixed Deposits’ section.
• Look for an option that says 'Premature Withdrawal' or similar.
• Follow the instructions provided to break the FD.
• Confirm the premature withdrawal and await a confirmation message.

Offline Method

• Visit your nearest Fincare Small Finance Bank branch.
• Approach the help desk and express your wish to close your FD prematurely.
• Fill in the required form and provide the necessary identification.
• The bank personnel will guide you through the process and inform you about the penalty charges.
• Once everything is verified, your FD will be closed, and funds will be credited to your linked account.

Remember, there's a penalty of 0.5% on the interest for all premature withdrawals, and certain FDs, like the Tax Saver FD, don't allow premature closure.