This article will delve into both online and offline modes for closing the FD on maturity and prematurely. When considering how to close an FD, it is essential to understand that there are two methods: closing on maturity and closing before maturity. If immediate funds are needed, taking a loan against FD or using a credit card against FD are more advisable options. However, prematurely closing a fixed deposit is not recommended as it attracts premature withdrawal charges. Investors can choose to let their FD mature or opt for premature withdrawal. Despite its safety, a fixed deposit offers liquidity, allowing individuals to open and close it conveniently.

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