How to Close SBI Fixed Deposit

Closing SBI Fixed Deposit Before Maturity (Premature Closure)

You can close your SBI FD account in two ways:

1. Online on the official website of SBI

2. Offline at your SBI branch

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 and Click on the FD that you wish to close

Step 8: Click on the "Submit" button.

Step 9: Enter your reasons for closing the FD and  Click on ''Confirm''  

Step 10: An OTP (One-Time Password) will be sent to your registered mobile number.

Step 11: Enter the password and  Click on ''Confirm''  

Step 12: The message ''Your e-TD/e-STD account has been successfully closed'' will now be displayed

Note: 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

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