How to Withdraw Money from RD Before Maturity

Investments Recurring Deposits
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1

Can I withdraw money from my RD account before it matures? What’s the process?

2

Withdrawing Money from RD Before Maturity

Yes, you can withdraw your RD before maturity, but it is treated as premature closure.

Process

  1. Online – Log in to NetBanking/MobileBanking → Deposits → Premature Closure → Enter RD details → Confirm with OTP.
  2. Offline – Visit branch → Fill RD closure form → Submit with ID proof.

Important Notes

  • Penalty applies (usually 1% lower interest).
  • Some banks may not allow partial withdrawal – only full closure.

Pro Tips

  • If you need money urgently, consider a loan against RD instead of closing it.