• The interest rate applicable for premature withdrawal including Sweep-in/Partial Withdrawal will be 1% lower (as applicable) of the rate on the date of deposit booked, to the period for which deposit remained with the bank and not at the contracted rate.



• Premature closure of deposit attracts penal charges of 1% as mentioned above, except below scenarios –
  • Deposit booked with tenor 7-14 days
  • Single Deposit booked with amount >= 5.25 Cr to < 5.50 Cr (wef 29th Aug 2018)
  • Single Deposit booked with amount >=24.75 Cr to < 25 Cr (wef 29th Aug 2018)
  • Single FD booked with value >=25 crore (post Sept 2017)
  • Customer deceased
  • NRE fixed deposits.



• The Fixed Deposit liquidation can happen only into the source savings/current account from which the Fixed Deposit has been booked. No liquidation is possible into any other account or by DD/MC.



• This facility does not allow partial liquidation of the fixed deposit into the source savings / current account.



• This facility is available on Net Banking only to customers having a Single Ownership account status on Fixed Deposit account with the Bank.



• Please view the Fixed Deposit summary page and check if there is any lien marked on the Fixed Deposit. If there is a lien marked on the Fixed Deposit, please note that the Fixed Deposit will not be liquidated online. Please visit your HDFC Bank Branch for the same.



• In case of NRE deposit, no interest will be paid if the deposit is prematurely encashed before the minimum tenure of 1 year.



• Premature liquidation of FCNR deposit is not available through online banking. Please contact your branch for the same.



• In case of premature liquidation of NRO Fixed Deposit registered for DTAA, the refund of TDS on account of premature closure will be provided within 3-4 working days to your linked Savings Account.

In case of online premature liquidation of NRO Deposit, the entire proceeds will be credited to NRO Account only.