What is the procedure of closing a recurring deposit account?

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1267528

2026-04-29 16:10

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  1. visit the bank branch where you have the recurring deposit account
  2. submit a request in writing to close your account
  3. the bank will process the request and pay you the money held in that account.

A point to note is that, if you are closing your RD before maturity, the bank can charge you a penalty for doing so.

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