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

Fixed Deposits (FDs) are one of India's most popular and trusted investment avenues. They provide a secure way to grow your savings and offer decent returns. But life is unpredictable, and there might come a time when you need urgent access to your funds.

Breaking an FD before its maturity can be daunting for many, especially if they aren’t familiar with the procedure. This guide sheds light on the process of prematurely breaking your FD in Indian Overseas Bank, ensuring you can access your funds with ease when you need them the most.

Visit Your Branch

• Start by visiting the Indian Overseas Bank branch where you opened your FD. 
• Obtain an FD account closure form. 
• Fill it out accurately and ensure it's signed. 
• If the FD has joint holders, all must sign the form.

Attach KYC Documents

• Along with the completed form, attach self-attested copies of your KYC documents. 
• This typically includes your PAN card and other proofs of identity and address. 
• Ensure you have all the documents to prevent delays in your FD closure.

Submit FD Certificate:

• Hand over the FD certificate or FD receipt for verification. 
• Once the banker verifies everything and it's in order, they will guide you on withdrawing the balance amount. 
• You can get the funds in cash, through a cheque/DD, or even transfer it to another account.