How can I redeem my Fixed Deposit before maturity period
  • Personal
  • Business
  • Corporate
  • Private Banking
  • Privy League
  • NRI Services
  • Investors
  • Personal
  • Business
  • Corporate
  • Private Banking
  • Privy League
  • NRI Services
  • Investors

To get the full benefit of your Fixed Deposit, it's always better to allow it to complete the term. But if you need to request a for Term / Fixed Deposit closure / Premature withdrawal, this is what needs to be done:  

 

1. On Net Banking  

a) Login to Net Banking  

b) Go to Investment -> Deposit  

c) Select Premature Withdrawal of Deposit (Amount will be credited your account instantly).  

2. You can also place a request at the nearest Kotak Branch. (Amount will be credited your account within 24-48 hours).  

Note: There will be penalty on the interest rate (0.50%) if it was booked for 181 days and above and withdrawn before maturity.

Useful Links
Was this information helpful?
Was this information helpful?