how to cancel RD in HDFC mobile app?
If you’ve opened a Recurring Deposit (RD) in HDFC Bank but now want to close it before maturity, you can easily do it from the HDFC Mobile Banking App. It’s a simple process and takes just a few minutes.
- Download and install the HDFC Bank Mobile App (if not already installed).
Log in with your Customer ID / User ID and password. - On the home screen, tap on the Accounts section.
Here, you’ll see all your accounts – Savings, Fixed Deposits (FDs), and Recurring Deposits (RDs). - Scroll down to find your RD Account.
- Tap on it to open details like balance, maturity date, and installment history.
Inside the RD details, you’ll find an option like Break RD / Premature Closure. - Click on it.
- When you close your RD before maturity, you will not get the full interest promised at the time of opening. Banks usually deduct a penalty on premature withdrawal (around 1%).
- The app will show you how much amount you’ll receive after deductions.
If you are okay with it, confirm the closure by clicking Submit/Confirm. - Enter your OTP (One-Time Password) received on your registered mobile number.
Once done, the RD will be closed instantly. - The maturity amount (after deductions) will be credited directly to your linked HDFC Savings Account.
You can cancel your HDFC RD anytime via the mobile app in just a few clicks, but think twice before closing early because of the loss in interest.