Skip to content
  • Home
  • Company
    • About Us
    • Leadership
    • Blog
  • Open Account
    • Target Savings
    • Fixed deposit
    • Joint Account
    • Savings Account
  • Products
  • Support
  • |
New Features
  • Home
  • Company
    • About Us
    • Leadership
    • Blog
  • Open Account
    • Target Savings
    • Fixed deposit
    • Joint Account
    • Savings Account
  • Products
  • Support
  • |
New Features

Blog

Liquidating Your Fixed Deposit Account With V

  • July 26, 2021

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.

 

 

 

 

 

  • account, bank, deposit, fixed

Share:

Instagram

Similar Stories

Loading...

Defend yourself against January Sapa with our NYTS Challenge!

  • August 2, 2022
VBank

VBank

Earn massive bonuses while saving for your kid’s future with VBank’s CDTS challenge!

  • May 12, 2022
VBank

VBank

Save like a Boss Couple on the Vbank app

  • April 15, 2022
VBank

VBank

Comment

Join the V Community

Subscribe for our newsletter, and get updates on what happens behind the scenes at V
  • Consumers
  • Business Accounts
  • Fixed deposits
  • Events
  • Support
  • FAQs
  • Blog
  • Leadership
  • Target Savings
  • Veelage
  • USSD Banking
  • V Bank Chat
  • Verified Debit Card
  • Newsletter
  • Contact
  • Media
  • Products

Connect with V

Facebook Twitter Instagram

*Each account attached to your referral code should have a minimum account balance. Download the agency structure pdf here for more info

©2022 VFD Microfinance Bank (RC1000015) All Rights Reserved. All deposits are insured by Nigeria Deposit Insurance Corporation (NDIC). VFD Microfinance Bank Licensed by The Central Bank of Nigeria. “V”, “Veta” and VBank are trademarks of VTECH: Foresight House, broad street, Lagos Island, Lagos Nigeria.
  • Privacy Policy |
  • Terms of Use |
  • Licence Agreement |
  • Debit cards terms and conditions
  • For any issue relating to Personal Data contact : [email protected]

Quick Links

Menu
  • Home
  • Company
    • About us
    • Leadership
    • Blog
  • Open Account
    • Target Savings
    • Fixed Deposit
    • Joint Account
    • Savings Account
  • Products
  • Features
  • Media
  • Vbiz
  • Events
  • Faq
  • Support
VBank Apps – Get our latest thinking on your iPhone, iPad, or Android device.
Download App