How to Close an Kalyan Janata Sahakari bank Fixed Deposit Account

Updated on: Oct 4th, 2023

The decision to break a Fixed Deposit (FD) is often driven by sudden financial needs or changing economic situations. Closing an FD is an effortless process, but it’s essential to understand the nuances and ensure you don’t face any unwanted penalties.


This article focuses on the steps and considerations when closing an FD with Kalyan Janata Sahakari Bank.

How to close an FD in Kalyan Janata Sahakari Bank

Offline Method

  • Visit the Nearest Branch: Visit the nearest Kalyan Janata Sahakari Bank branch where your FD account is held.
  • Fill Up the Account Closure Form: Ensure you provide all necessary details accurately.
  • Attach Necessary KYC Documents: This typically includes a copy of your PAN card, Aadhar card or other forms of ID.
  • Submit FD Certificate: Hand over your FD certificate or receipt to the bank for verification.

Online Method

  • Use Kalyan Klick or Internet Banking: Log in to the Kalyan Klick mobile app or the bank's internet banking portal.
  • Navigate to the FD Section: You'll find options to view and manage your FDs here.
  • Choose the FD to Break: Select the particular FD you wish to break.
  • Follow On-Screen Instructions: Complete the process by following the steps provided.


Will there be a penalty for closing my FD early?

Yes, Kalyan Janata Sahakari Bank charges a penalty for premature closure, which results in 1% less interest than the applicable FD rates. Also, no interest is payable if withdrawn before 7 days.

How soon will the funds be available after closing the FD?

Once you've completed the FD closure process, the funds usually become available immediately. However, it's recommended to check with the bank for specific timelines.

Can I close a tax saver FD prematurely?

No, the tax saver FD has a lock-in period of 5 years and premature withdrawal is not allowed.

Is there an online way to close the FD?

You can use the Kalyan Klick mobile banking application or the bank's Internet Banking portal to close your FD.

How can I check if my FD has been successfully closed?

After closing your FD, it's advisable to check the term deposit details through the Kalyan Klick mobile app or the bank's Internet banking portal. The closure of the FD might be reflected in your account within two working days.

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