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

Fixed Deposits (FDs) have always been a favored investment instrument due to their low risk and guaranteed returns. However, there may be situations when you need to close your FD before its maturity.

This blog delves into the process of prematurely withdrawing or closing an FD in Capital Small Finance Bank, the bank renowned for its growth and extensive range of FDs. We'll explore the different methods available and some FAQs that depositors often have about the topic.

Offline Method (Branch Visit)

• Step 1: Head to your nearest Capital Small Finance Bank branch.
• Step 2: Request a Premature Withdrawal Form from the bank executive.
• Step 3: Fill up the form, providing necessary details like FD account number, reason for premature withdrawal, and the amount you wish to break.
• Step 4: Submit necessary identity proof and the FD certificate if available.
• Step 5: After verification, the bank executive will process your request, and the amount will be credited to your linked account after deducting any applicable penalties.

Online Method (Internet Banking)

• Step 1: Log in to your Capital Small Finance Bank's internet banking account.
• Step 2: Navigate to the "Fixed Deposit" section.
• Step 3: Select the FD you wish to break and click on "Premature Withdrawal" or a similar option.
• Step 4: Confirm the details and follow the on-screen instructions.
• Step 5: The amount, after deducting any penalties, will be credited to your linked bank account.

(Note: Ensure you are aware of the 1% penal rate applicable for premature withdrawal.)