If done before the maturity date you set, there's a pre-closure fee. It's 1% of the interest rate.
To close and withdraw the cash in a Fixed Deposit, go to the Fixed Deposit Page:
- Tap on the Fixed Deposit you want to close.
- Tap on Settings, and select Close Fixed Deposit (on the top right).
Pro-Tip: If you want to avoid paying a pre-closure fee:
- Open a Fixed Deposit – between ₹1,000 and ₹15 lakh – for less than 15 days. This way, you can avoid the pre-closure fee even if you close before the maturity date.