The major reason why people prefer investing their funds in a fixed deposit is the assured rate of return. Once you invest your funds in a fixed deposit account, you can be guaranteed of receiving the stated rate of return.
A lot of banks allow you to open or create fixed deposits online from your net banking account while in the case of V Bank, it’s through your V app. It is simple and fast. However, when it comes to breaking or liquidating FD before maturity, a lot of them makes it difficult.
But since the introduction of the upgraded V Bank app3.0, it is relatively easy now to liquidate your fixed deposit account.
The procedure for liquidating and stopping the fixed deposit is simple and much faster than many believe with the new V Bank app 3.0.
When you create a fixed deposit or recurring deposit, the bank sends you a deposit certificate or receipt after some days of opening it. This is just a receipt or proof of deposit. You can ask the bank official to break your fixed deposit, they should be able to process your request.
To liquidate your fixed deposits account, here is what you need to do to Just send a mail to [email protected] stating that you would like to liquidate your fixed deposit account.
Also, remember to add your full name, account to be liquidated, account to be funded, phone number, and a valid means of identification. Please note that a 40% surcharge on interest accrued is applied for liquidating before the maturity date.
However, if you need to know more about the VFD Mobile Bank App? Click https://vbankng.onelink.me/VL90/blog for more information.
