10 Steps To Close SBI Fixed Deposits Online Before Maturity

Are you a State Bank of India user with a fixed deposit (FD) and want to close it before maturity online? SBI has an easy way for you! The bank recently posted a video on Twitter to educate its users about closing an FD online. This applies specifically for ETDR/STDR only ie. E-term deposits and special term deposits, in banking parlance.  
 

Learn how to close an online Fixed Deposit (e-TDR/e- STDR) before maturity, through your OnlineSBI account. https://t.co/qnOZUoRORK

— State Bank of India (@TheOfficialSBI) October 4, 2017

10 steps to close an SBI FD online:

1) Go to SBI’s website. Click on the tab which mentions ETDR/STDR (FD)

2) Click on ‘close account prematurely’ option

3) You will then see a list of your FDs

4) Click on the FD that you want to shut and click on ‘proceed’

5) Verify the FD details

6) Write the reasons for closing the FD as per your choice and click on ‘confirm’

7) Your registered mobile number will receive a ‘high security password’. Type it and click on ‘çonfirm’
A message will appear that will inform you that your FD has been closed

8) Check the account through which you made this FD. The amount would then be returned into your account.  

9) However, in case you want an instant closure, initiate a request to shut your e-TDR/e-STDR between 08:00 AM IST to 08:00 PM IST, states SBI on its website.
 
10) A request initiated beyond this period will be scheduled for next opening hours ie 08:00 AM IST, it added.