How To Close or Cancel Online RD Account Through HDFC Internet Banking?


Finance Guru Speaks:  This article will provide details on how you can close or cancel your online RD (Recurring Deposit) account through HDFC Bank Net Banking.

Follow below steps to close or cancel your RD account through HDFC NetBanking:-


1. Login to HDFC Bank NetBanking with your valid details. 

2. Once the page opens, on the left-hand side, click Liquidate RD link present under Transact heading. It’s shown as below:-
Close or Cancel HDFC Online RD Account

Click to enlarge - Close HDFC Online RD Account

3. Select the RD Account which you want to liquidate or close and click on Continue button:-
Close or Cancel HDFC Online RD Account
Click to enlarge - Close HDFC Online RD Account

4.  In the next screen, check all the details carefully and click on Confirm button to close or cancel your online RD Account.
Close HDFC Online RD Account
Click to enlarge - Close HDFC Online RD Account


Congratulations!! You have closed your online RD Account successfully using HDFC Internet Banking facility.

Important instructions shared by HDFC Bank:-
  • Premature Liquidation clause: Effective 01st Dec'06, the interest rate applicable for premature closure of deposits (all amounts) will be lower of:
            - The base rate for the original/contracted tenure for which the deposit has been booked
OR
            - The base rate applicable for the tenure for which the deposit has been in force with the Bank.
The base rate is the rate applicable to deposits of less than 1 crore as on the date of booking the deposit.

  •     This facility does not allow partial liquidation of the Recurring Deposit into the source savings / current account.
  •     Recurring Deposit liquidation on NetBanking is available only for Single holding deposits of Individual customer's. Online Liquidation is not allowed for below mentioned deposits.
            - Jointly held Deposits             
            - Non individual Customers such as HUF, Trust, Society, Proprietorship, Partnership Public and Private Ltd. Cos. For all such Deposit customers will need to visit the nearest branch for liquidation.  

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