Withdraw your FD prematurely in My Account

If there’s any unforeseen expense, you can withdraw the funds that you’ve parked in a fixed deposit before its maturity date. This is called the premature withdrawal of a fixed deposit. However, you can raise a request for premature withdrawal after three months from the date of acceptance of the deposit.
If you withdraw your FD after three months but before six months from the date of deposit, you’ll only get the principal amount. You won’t get any interest amount in such a case.

However, if you choose to prematurely liquidate FD after six months, the interest payable is 2% lower than the interest rate applicable to a public deposit for the period for which it has run.

If no rate has been specified for that period, the interest rate payable is 3% lower than the minimum interest rate at which public deposits are accepted by the NBFC.

You can raise a request for premature withdrawal of fixed deposit by visiting My Account – Bajaj Finance customer portal.

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  Apply for premature withdrawal of fixed deposit

  • Click on the ‘Sign-in’ button on this page to visit our customer portal.
  • Enter your registered mobile number and submit the OTP to sign-in.
  • Verify your details with your date of birth and proceed to visit our ‘Raise a Request’ section.
  • Select ‘Fixed Deposit’ as your product and choose the FD number.
  • Choose ‘Prematurity’ as your query type and ‘Need pre-maturity details’ as your sub-query type.
  • Enter the required information and submit the request.

  
  You can also directly visit My Account - Bajaj Finance customer portal by clicking on ‘Apply for a premature withdrawal of FD’ below. Once signed-in, you’ll be redirected to the ‘Raise a Request’ section. You can then select your FD, enter the relevant query and sub-query type, and proceed to submit.
  Once you submit the request, our representative will reach out to you within 48 business hours to guide you on further steps.
  

  Apply for a premature withdrawal of FD
  

In case you need funds for an emergency, you can also apply for a loan against fixed deposit. Click on ‘Loan against FD’ at the top of this page for more details.