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

Investing in fixed deposits (FDs) is a time-tested way of securing your funds and earning returns on them. While many prefer to let the deposit mature, life can sometimes bring unexpected circumstances that necessitate breaking or prematurely withdrawing an FD.

Utkarsh Small Finance Bank, with its robust FD schemes, offers flexibility in this domain. This blog delves into the process of prematurely closing an FD with Utkarsh Small Finance Bank, providing you with all the necessary steps and nuances.

Online Method via Internet Banking

• Step 1: Log in to the Utkarsh Small Finance Bank website. Navigate to the “Personal Login” section and enter your username and password.
• Step 2: Once logged in, go to the “Fixed Deposit Tab.”
• Step 3: Here, you will see an option to break or prematurely withdraw your FD. Click on it.
• Step 4: Verify the details of the FD you wish to break. Once satisfied, click on confirm.
• Step 5: You will receive a confirmation message indicating the successful premature withdrawal of your FD.

Mobile App Method

• Step 1: Open the Utkarsh Small Finance Bank Mobile App on your phone and log in with your credentials.
• Step 2: Navigate to the 'My FD' section from the main menu.
• Step 3: Here, choose the FD you wish to break and click on the premature withdrawal option.
• Step 4: Verify all details and click on 'Confirm'.
• Step 5: A confirmation message will appear, signaling the successful breakage of your FD.

Offline Method

• Step 1: Walk into the nearest branch office of Utkarsh Small Finance Bank.
• Step 2: Approach the helpdesk and request assistance for premature FD withdrawal.
• Step 3: Fill out the necessary forms and submit any required documentation.
• Step 4: Hand over the original FD receipt if requested.
• Step 5: After verification, the bank will process your premature withdrawal, and you'll receive the amount.