Liquidate Fixed Deposits
Note:
  • Premature Liquidation clause: Effective 01st Dec'06, the interest rate applicable for premature closure of deposits (all amounts) will be lower of:


  • The base rate for the original/contracted tenure for which the deposit has been booked.


  • OR
  • The base rate applicable for the tenure for which the deposit has been in force with the Bank.


  • The base rate is the rate applicable to deposits of less than Rs.15 lacs as on the date of booking the deposit. As per the Terms & Conditions of Fixed Deposit Accounts of the bank, the penalty on premature closure of Fixed Deposits including sweep-in and partial closures has been fixed by the Bank at the rate of 1%. This is applicable to all deposits booked/ auto renewed from 24th Jan 2011.


  • The Fixed Deposit liquidation can happen only into the source savings/current account from which the Fixed Deposit has been booked. No liquidation is possible into any other account or by DD/MC.


  • This facility does not allow partial liquidation of the fixed deposit into the source savings / current account.


  • This facility is available on NetBanking only to customers having a Single Ownership account status on Fixed Deposit as well as source savings/current account with the Bank.


  • Only FDs booked thru NetBanking/phoneBanking can be liquidated online. For FDs opened thru the branch, please visit your nearest branch for liquidation.


  • Please view the Fixed Deposit summary page and check if there is any lien marked on the Fixed Deposit. If there is a lien marked on the Fixed Deposit, please note that the Fixed Deposit will not be liquidated online. Please visit your HDFC Bank Branch for the same.


  • In case of NRE deposit, no interest will be paid if the deposit is prematurely encashed before the minimum tenure of 1 year.


  • Premature liquidation of FCNR deposit is not available through online banking. Please contact your branch for the same.


  • In case of premature liquidation of NRO Fixed Deposit registered for DTAA, the refund of TDS on account of premature closure will be provided within 3-4 working days to your linked Savings Account.


  • In case of online premature liquidation of NRO Deposit, the entire proceeds will be credited to NRO Account only.