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  • Axis Bank Fd Break Form 2020

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You can flexibly withdraw the money from fixed deposits before maturity subject to a penalty of 1.0%. However, if you wish to withdraw the money only partially, then Axis Bank levies no penalty on first partial withdrawal of upto 25% of the principal amount.

Process for Breaking FD Offline Duly fill the premature FD withdrawal form and submit the same by visiting the branch. ... Submit the premature FD withdrawal form along with proofs like ID proof, photocopy of PAN card, among others. After successful submission, the bank will process your request.

However, no penalty will be levied on fixed deposits with a tenure of 7 days to 14 days. Can I withdraw my fixed deposit before maturity online? Yes. Premature withdrawal of a fixed deposit can be done online as well as offline.

Axis Bank FD – Premature Withdrawal Charges: Therefore, you pay a penalty of 1% for pre-closure of the FD. The applicable interest rate is for the tenor until closure rather than the contract. In contrast, the penalty is nil for partial withdrawal of up to 25% of the principal.

a. Internet Banking: Select FD/RD > Choose Services > Close/Partially Withdraw > Choose FD to be Closed > Enter Net Secure Code & Submit. We will process your request for FD closure immediately.

Some banks do offer premature withdrawal facilities with zero penalty charges. However, if the FD is prematurely closed, before completing 7 days from the date of the booking, the bank or the company is not liable to pay any interest.

You can break or liquidate your Fixed Deposits that you booked online through NetBanking. For FDs that were opened at a branch, please visit your nearest branch for liquidation.

The person must also present a signed form mentioning that they want the FD to be closed on the date of maturity. Once these documents are submitted, the FD amount along with the earned interest are transferred to the savings account of the depositor upon policy maturity.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232