FDs
Bonds
Blog
Home>Fixed Deposit>Jammu & Kashmir Bank>How to Close Jammu & Kashmir Bank Fixed Deposit (FD) Online
bank_logo

How to Close Jammu & Kashmir Bank Fixed Deposit (FD) Online

Updated 08 Dec 2023

Fixed Deposits (FDs) are a favoured investment tool for many, offering assured returns and minimal risks. Jammu and Kashmir Bank has long been a trusted institution for such services. However, there are times when unexpected needs arise, prompting the early withdrawal of these deposits.

 

If you have an FD with Jammu and Kashmir Bank and are contemplating its premature closure, this guide is for you. Here, we'll elucidate the steps and nuances involved in breaking your FD in the bank, from potential charges to the bank's specific protocols. Dive in to grasp the procedure and make informed decisions.

Closing an FD in J&K Bank

FD Termination Form

  • Visit the branch to obtain the FD Account Closure Form.
  • Fill it out, sign it, and submit it to the branch manager or designated officer.
  • If the account has joint holders, all must sign the form.

Provide KYC Details

  • Attach relevant KYC documents, such as PAN (which acts as an identity and address proof).
  • Self-attestation may be required on these documents.

Hand over the FD Certificate/Receipt

  • Present the bank-issued deposit certificate or receipt, which details the deposit specifics.
  • Ensure signatures from all account holders on the certificate/receipt.
  • Once verified, opt for cash withdrawal, cheque/DD issuance, or a transfer to another account.

FAQs

Will I still earn interest if I close my FD early?

You will earn interest, but it is usually at a reduced rate compared to the originally agreed rate.

Can I close my FD online?

Many banks offer online services to break FDs. Check with your bank's online portal or mobile app.

How long does it take to get my money after closing the FD?

Usually, the funds become available immediately after breaking the FD, but it might take a few hours to a few days based on the bank's procedure.

Do I need to submit any documents when closing the FD?

Generally, if you're breaking the FD in person, you might need to submit the FD receipt or certificate. Online procedures might not require physical documents.

Are there any tax implications for closing an FD?

The interest earned on the FD is taxable. However, breaking the FD doesn't introduce new taxes. Still, TDS may be applicable if you earn interest above a certain threshold in a financial year.

fd_banner

Close FD in Top Banks

icici-bank-fd/how-to-close
Close ICICI Bank FD Onlinearrow
indian-bank-fd/how-to-close
Close Indian Bank FD Onlinearrow
hdfc-bank-fd/how-to-close
Close HDFC Bank FD Onlinearrow
axis-bank-fd/how-to-close
Close Axis Bank FD Onlinearrow
indusind-bank-fd/how-to-close
Close IndusInd Bank FD Onlinearrow
yes-bank-fd/how-to-close
Close Yes Bank FD Onlinearrow
idfc-bank-fd/how-to-close
Close IDFC First Bank FD Onlinearrow
idbi-bank-fd/how-to-close
Close IDBI Bank FD Onlinearrow
rbl-bank-fd/how-to-close
Close RBL Bank FD Onlinearrow
south-indian-bank-fd/how-to-close
Close South Indian Bank FD Onlinearrow
dcb-bank-fd/how-to-close
Close DCB Bank FD Onlinearrow
karnataka-bank-fd/how-to-close
Close Karnataka Bank FD Onlinearrow
city-union-bank-fd/how-to-close
Close City Union Bank FD Onlinearrow
karur-vysya-bank-fd/how-to-close
Close Karur Vysya Bank FD Onlinearrow
standard-chartered-bank-fd/how-to-close
Close Standard Chartered Bank FD Onlinearrow
csb-bank-fd/how-to-close
Close CSB Bank FD Onlinearrow
state-bank-of-mauritius-fd/how-to-close
Close SBM Bank FD Onlinearrow
kotak-bank-fd/how-to-close
Close Kotak Mahindra Bank FD Onlinearrow
federal-bank-fd/how-to-close
Close Federal Bank FD Onlinearrow
bandhan-bank-fd/how-to-close
Close Bandhan Bank FD Onlinearrow
tamilnad-mercantile-bank-fd/how-to-close
Close Tamilnad Mercantile Bank FD Onlinearrow
nainital-bank-fd/how-to-close
Close Nainital Bank FD Onlinearrow
central-bank-of-india-fd/how-to-close
Close Central Bank of India FD Onlinearrow
indian-overseas-bank-fd/how-to-close
Close Indian Overseas Bank FD Onlinearrow

Top Banks FD Schemes

unity-small-finance-bank-fd
Unity Small Finance Bankarrow
federal-bank-fd
Federal Bankarrow
nainital-bank-fd
Nainital Bankarrow
tamilnad-mercantile-bank-fd
Tamilnad Mercantile Bankarrow
suryoday-small-finance-bank-fd
Suryoday Small Finance Bankarrow
bajaj-finance-fd
Bajaj Financearrow
equitas-small-finance-bank-fd
Equitas Small Finance Bankarrow
karnataka-bank-fd
Karnataka Bankarrow
shivalik-small-finance-bank-fd
Shivalik Small Finance Bankarrow
dhanlaxmi-bank-fd
Dhanlaxmi Bankarrow
sbi-bank-fd
State Bank of Indiaarrow
city-union-bank-fd
City Union Bankarrow
csb-bank-fd
CSB Bankarrow
standard-chartered-bank-fd
Standard Chartered Bankarrow
state-bank-of-mauritius-fd
SBM Bankarrow
uco-bank-fd
UCO Bankarrow
karur-vysya-bank-fd
Karur Vysya Bankarrow
jana-small-finance-bank-fd
Jana Small Finance Bankarrow
hdfc-bank-fd
HDFC Bankarrow
union-bank-of-india-fd
Union Bank of Indiaarrow
pnb-bank-fd
Punjab National Bankarrow
indian-overseas-bank-fd
Indian Overseas Bankarrow
punjab-and-sind-bank-fd
Punjab and Sind Bankarrow
central-bank-of-india-fd
Central Bank of Indiaarrow

Understanding Fixed Deposit

Fixed Deposit vs Term Deposit: Which one should you choose?arrow
Types of Fixed Deposit (FD)arrow
Tax On FD Interestarrow
Overdraft Against Fixed Deposit (FD)arrow
Fixed Deposit vs SIParrow
Alternatives to FDs in Indiaarrow
Sweep In Fixed Depositarrow
Premature FD Withdrawals: How to Withdraw and Penalty Rates?arrow
Difference Between FD and PPF arrow
Flexi Fixed Depositarrow
Tax Saving Fixed Depositarrow
Senior Citizen Fixed Deposit Interest Rates 2024arrow
FD Vs Liquid Funds: Key Differencesarrow
Fixed Deposit vs RDarrow
Cumulative vs Non Cumulative Fixed Depositarrow
Double Scheme Fixed Depositarrow
Post Office Fixed Deposit Interest Ratesarrow
Fixed Deposit vs Bondsarrow
Fixed Deposit Receipt (FDR)arrow
Fixed Deposit vs Sovereign Gold Bond: Which is Better?arrow
Cumulative FDs: Meaning, Features, and Benefitsarrow
Credit card against FDarrow
Tax Saver FDarrow
TDS on Fixed Deposit Interestarrow
Short Term FDarrow
fd_banner

Disclaimer: Wint Wealth makes no guarantee or warranty on the accuracy of the data provided on this site, the information displayed is subject to change and are provided on an as-is basis. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. You are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions. We accept no liability for any loss arising from the use of information contained on this website.

wint fd

Earn upto 8.35% interest by investing in FDs with Wint Wealth.

Explore Now