How To Close SBI RD (Recurring Deposit) Online

Do you want to close SBI RD account? If yes, then you can close your SBI Recurring Deposit account online using net banking and mobile banking.

SBI e-RD account can be opened online and you can also Pay RD installment online. For some reasons, if you wish to close your e-RD account then follow the below steps:

Close SBI RD (Recurring Deposit) Account Online

SBI customers can close RD account using Internet Banking and mobile banking. If you have opened SBI RD account online then follow below steps and close your RD account.

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1# Close SBI RD Account using Mobile Banking

Open SBI Anywhere Mobile Banking and log in.

Now select e-Deposits widget and select Premature Closure.

Close SBI RD Online

Next screen, select your RD Account number.

Close SBI RD Online

And finally, click on the Close button. Done! your RD account closed successfully. The amount will be credited to your saving account including interest amount.

Close SBI RD Online

2# Close SBI RD using Net Banking

Login to SBI Internet Banking:

Now click on Fixed Deposit tab & select e-RD/e-SBI Flexi Deposit.

Close SBI RD Online

Next screen, click on e-RD (Recurring Deposit) and proceed.

Close SBI RD Online

Now select Close A/C tab and select your RD account number and proceed to close your account.

Close SBI RD Online

  • Once RD account is closed, it cannot be activated again.
  • Closure proceeds will be credited to the same a/c from which the e-RD was created. If the original debit a/c is closed or has become inoperative, then please request the branch for closure.
  • Interest paid on premature withdrawal of term deposits could be less than the contracted rate, as per the applicable rule on the date of premature payment.
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So this is how SBI customers can close RD (Recurring Deposit) account online through net banking and mobile banking.