FDs
Bonds
Blog
Home>Fixed Deposit>Suryoday Small Finance Bank>How to Close Suryoday Small Finance Bank Fixed Deposit (FD) Online
bank_logo

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

Updated 08 Dec 2023

Fixed deposits are a popular form of savings, especially in India. However, there may be times when you need to access your money before the FD's maturity date. Closing or prematurely withdrawing an FD might involve certain procedures and penalties.

In this blog, we'll guide you through the steps on how to close an FD in Suryoday Small Finance Bank, one of the prominent small finance banks in the country.

How to break an FD in Suryoday Small Finance Bank

Online Method

  • Log in to the Suryoday Small Finance Bank internet banking website.
  • Navigate to “Accounts and Cards”.
  • Choose “Term Deposits” from the dropdown menu.
  • You will find the list of your active FDs. Click on the FD you wish to break and follow the instructions provided.

Offline Method by visiting the nearest Branch

  • Visit your nearest branch of Suryoday Small Finance Bank.
  • Request for an FD premature withdrawal form.
  • Fill in the necessary details like FD number, amount, and reason for withdrawal.
  • Submit the form along with a copy of your Aadhar and PAN card. The bank officials will process the form, and the funds will be credited to your linked bank account.

FAQs

What are the penalties associated with premature withdrawal of an FD in Suryoday Small Finance Bank?

If you decide to close your fixed deposit account before its maturity, the bank will pay back the principal amount and the interest at either a reduced interest rate or after deducting a 1% penalty.

How is the interest rate calculated for premature withdrawal?

The interest rate applicable for premature withdrawal will be the lesser of the rate for the original/contracted tenure (as of the booking date) or the rate for the actual tenure the deposit was maintained with the bank.

Is there any online penalty calculator available for FD premature withdrawal in Suryoday Small Finance Bank?

The bank's official website or mobile application may provide such tools. It's best to check there or contact customer support for accurate calculations.

Can I get back the deducted TDS if I close my FD prematurely?

TDS, once deducted, will be deposited to the government. However, if your income is below the taxable limit, you can claim a refund by filing your income tax returns.

Is it advisable to close my FD?

Closing an FD should ideally be a last resort, as you might incur penalties and lose out on potential interest. Consider your financial situation and future requirements before taking such a decision.

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
jammu-and-kashmir-bank-fd/how-to-close
Close Jammu & Kashmir 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
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