If you have invested in a Fixed Deposit (FD) with ICICI Bank, you may want to close the account before its maturity date. While this was traditionally done by visiting a bank branch and filling out a form, today you can do this online from the comfort of your home or office. In this article, we will guide you through the steps to close an FD in ICICI Bank online.
Step 1: Log in to ICICI Bank Net Banking
Visit the official website of ICICI Bank and log in to your net banking account using your user ID and password.
Step 2: Locate the FD Account
From the main menu, select the ‘Deposits’ tab and click on the ‘Fixed Deposits’ option. You will be able to view all the FD accounts that you have opened with ICICI Bank.
Step 3: Select the FD Account to Close
Choose the FD account that you want to close and click on the ‘Close FD’ button.
Step 4: Provide Details
Provide the necessary details such as the reason for closing the account and the account number of the bank account where the funds need to be transferred.
Step 5: Submit Request
Once you have provided all the details, click on the ‘Submit’ button to complete the process.
Step 6: Verification
The bank will verify the request and initiate the process to close the FD account. The funds will be transferred to the bank account that you provided within a few working days.
It is important to note that if you close an FD account before its maturity date, you may be charged a penalty. The penalty amount will depend on the terms and conditions of the FD agreement.
In conclusion, closing an FD account in ICICI Bank online is a simple and convenient process. By following the steps outlined above, you can close your account quickly and easily without having to visit a bank branch.