You can break your Fixed Deposit (FD) before maturity after the lock-in period ends. However, early withdrawal usually incurs penalties, leading to lower interest earnings. Banks may charge a premature withdrawal fee and offer a reduced interest rate, making early exits less financially favorable than holding the FD until maturity.
To learn more click here.

How to Break Your FD

Currently, the process of breaking an FD before maturity is not available online. However, you can request withdrawal through the following methods:

  1. Email Support: Send an email to support@blostem.com with your FD account number, and the support team will assist you.
  2. Bank’s Customer Portal: Log in to the respective bank’s portal to initiate the process.
  3. Bank Branch: Visit the nearest branch if available.

Important: Ensure you log in using the same mobile number or email ID linked to your Upstox account.

Lock-in Period & Customer Portals

Bank NameLock-in PeriodCustomer Portal
Bajaj Finance3 months from the start dateLINK
Shriram Finance3 months from the start dateLINK
Mahindra Finance3 months from the start dateLINK