ICICI FD Cancellation Charges

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Deal Cadet
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Hi Guys, can anyone tell me how much does ICICI bank charges for FD cancellation ?

One of my FD matured yesterday and they auto renewed it now just fetching 5% interest so I want to cancel it its been only 1 day since renewal now what will they charge… Thanks in advance 🙏

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rohit_agarwal wrote:

There is no charges, but you will not get intrest for 1 days.

I literally need to change my DP now, every time I see your comment here on DD, I get shock like when did I do this comment stuck_out_tongue_closed_eyes stuck_out_tongue_closed_eyes

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rohit_agarwal wrote:

There is no charges, but you will not get intrest for 1 days.

great i thought there might be some penalty

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Bahu_Bully wrote:

great i thought there might be some penalty

There is no fine in principle amount, but banks fine in interest amount.

So if i create fd of 1Lakh for 1year @ 5.1% and but close fd after 6months, so intrest will be calculated on basis of 6months intrest at the time of booking…

So if fd rate is 4.5% for 6 months, fine .5% so u will get only 4% intrest for 6months. No principal fine

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RunZone wrote:

I literally need to change my DP now, every time I see your comment here on DD, I get shock like when did I do this comment stuck_out_tongue_closed_eyes stuck_out_tongue_closed_eyes

Haan bhag jao….

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If you don’t want FD tomorrow rush to bank and ask them to close it. There will be no cancellation charge now. But few days later yes.
all banks have been permitted to auto renew FD because people used to delay and banks got free money to use.

Do note that paytm bank has a tie up with indusind bank where there is no premature closure penalty.

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