Can I withdraw my FD before maturity?

Can I withdraw my FD before maturity?

Yes, you can withdraw your FD before its maturity. The withdrawal criteria may be different depending on the bank. See details below:
  1. Utkarsh Small Finance Bank
    Withdrawal allowed: After 7 days, Invested amount: No penalty, Interest earned: No penalty, interest applicable is of the tenure for which the FD has remained active.
  2. Shivalik and Fincare Small Finance Bank:
    Withdrawal allowed: After 7 days, Invested amount: 1% penalty, Interest earned, interest applicable is of the tenure for which the FD has remained active.
  1. Shriram Finance Ltd and Bajaj Finance Ltd Withdrawal allowed: After 3 months, Invested amount: No penalty, Interest earned: If you withdraw between 3 to 6 months: No interest will be paid 6 to 12 months: 3% less interest than 12 month FD rate 12 months to FD maturity: 2% less interest than the interest applicable on tenure for which the FD has remained active.

    For Utkarsh and Shivalik SF Bank, you get an option to withdraw from the Stable Money app itself once the lock-in period of 7 days is over. Please navigate to the Invest page and go to Profile which is available at the top right icon. you can check your investments under the investments section, go to "couldn't find your investment" and you will be able to withdraw funds. For Shriram and Bajaj Finance, you need to directly reach out to their customer care and for Fincare you can use their Internet Banking and withdraw the amount.

    All banks and NBFCs charge a 1% penalty on pre-mature withdrawals other than Utkarsh SFB. Utkarsh SFB's website mentions a penalty but there is no penalty made on bookings via Stable Money as of now. The interest is earned for the holding period at the rate applicable for that tenure without any penalty.

    Hope this helps.


    • Related Articles

    • Where does my money get credited after FD maturity?

      After your FD has matured, the maturity amount will be directly credited to the same bank account from which you made the payment.

    • Can I re-invest my FD maturity amount?

      Thank you for reaching out to us. Yes, at time of starting your FD you can select the maturity instruction as re-invest. Please note that once you select the action on maturity it cannot be changed the post booking. Hope this helps!

    • Who has my money when I invest in FD on Stable Money?

      When you invest, your money is directly sent to the bank. Your money stays and compounds with the bank until your FD has matured or upon your withdrawal. Stable Money never holds any of your funds. When you withdraw, the bank will send the maturity ...

    • What happens after my FD is matured?

      Thank you for reaching out to us. After your FD matures, the FD provider will credit your maturity amount directly to the same bank account from where you paid. Hope this helps!

    • How can I start my first FD in 3 mins?

      You can start investing in Fixed deposits in under 3 mins without opening a new bank account: • Choose the best FD for your financial goals • Provide your PAN and Aadhaar details to verify your identity with the bank • Verify your bank account — your ...