Can I close my Rd account before maturity in Icici Bank?
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Can I close my Rd account before maturity in Icici Bank?
Can a Recurring Deposit account be closed before the end of the maturity term? Yes, you can close a recurring deposit account before the end of the maturity tenure.
How can I close my Rd account in Icici Bank?
Step 1: Log in to your ICICI Bank net banking account. Step 2: Open ‘Deposits’ in ‘My Accounts’ from the bar menu at the top of the webpage. Step 3: At the side menu box, select ‘Service Requests’. Step 4: Click on Close or Renew Fixed/Recurring Deposit.
How can I withdraw money from my Rd account after maturity?
A depositor can submit an application to the bank requesting premature withdrawal of the recurring deposit account. The return on the principal amount invested by the depositor will only be provided for the period the money was deposited in the recurring deposit account in the bank.
How do you close an RD account?
Yes, you may close your RD a/c online through “Close A/c” tab under e-RD, which are created through e-RD only. RD a/c created through any other means can not closed through “Close a/c” tab under e-RD.
What happens if RD installment is not paid in Icici Bank?
In case of delay in payment of any Instalment, the Depositor/s shall be liable to pay monthly interest at the rate of Rs 12 per Rs 1,000 or part thereof or such other rate as may be specified by ICICI Bank for the period of delay.
What is the penalty for premature closure of RD in Icici Bank?
Premature Withdrawal of RD
| Original Tenure | Penalty Rates |
|---|---|
| Less than 1 year | 0.50\% |
| 1 year & above – less than 5 years | 1.00\% |
| 5 years & above | 1.00\% |
Is it possible to cancel recurring deposit?
A Recurring Deposit is like a Fixed Deposit. Once the RD amount has been deposited, it cannot be withdrawn until maturity. Partial withdrawals from the account are not allowed.
How do I stop my fixed deposit from automatically renewing?
How do I stop my FD auto renewal? You need to inform the bank before the maturity date to stop the auto-renewal. Also, if no communication is made with the bank, the account automatically renews, and the depositor will have to pay the penalty for prematurely withdrawing it in the future.
What can I do after maturity of RD?
RD accounts of India Post come with a maturity period of 5 years or sixty monthly deposits from the day of opening. It can further be extended for another five years by giving an application to the Post Office where the RD account was opened.
Can we stop Recurring Deposit?
How do I pay my missed RD installment?
If you have missed paying your Recurring Deposit instalment on the original date due to insufficient funds in your account, you can pay it on Net Banking or at a nearby branch. For more information, please call our 24×7 helpline number at 1860 266 2666 (standard call charges apply).