How to Close South Indian Bank Fixed Deposit (FD) Online

Fixed Deposits (FDs) are a preferred choice for many when it comes to safe and reliable investment options. However, life can be unpredictable, and there might come a time when you need to access those funds earlier than planned. South Indian Bank, known for its customer-centric approach, offers provisions for such situations.

If you're considering breaking your FD with South Indian Bank, this guide is tailor-made. We'll provide a step-by-step procedure breakdown, highlighting any penalties or implications involved. Let's delve into the nuances of premature FD closure with South Indian Bank.

Online Banking

• Access your South Indian Bank online banking portal.
• Proceed to the 'Deposits' or 'Fixed Deposit' menu.
• Search for a feature named 'Premature Closure' or a similar designation.
• Identify the FD you intend to dissolve.
• Follow the provided digital instructions to finalize the withdrawal.

Mobile App Banking

• Launch the South Indian Bank's mobile banking app.
• Navigate to the FD domain.
• Look for an option indicating premature FD termination or a similar function.
• Select the appropriate FD for closure and verify your decision.
• Comply with the in-app guidelines to complete the process.

Branch Visit

• Approach your closest South Indian Bank branch.
• Engage with a bank official about your wish to close the FD early.
• They will furnish you with a form for 'Premature Withdrawal'. Ensure all details are correctly entered.
• Likely, you'll be required to produce your original FD documentation and a valid ID.
• After validating your request, the bank will facilitate the premature exit, and the sum, less any applicable charges, will be credited to your associated account.

Telephonic Service

• Call the customer support number of South Indian Bank.
• Convey your intent to dissolve the FD.
• The phone banking officer will review the protocol and highlight any vital information or prerequisites.