How can I withdraw Fixed Deposits on FYERS?

How can I withdraw Fixed Deposits on FYERS?

Fixed Deposits (FDs) booked through FYERS can be withdrawn after maturity or before maturity through premature withdrawal, based on the conditions defined by the issuer. The withdrawal process, lock-in period, penalties, and payout frequency differ across issuers.

Before placing a withdrawal request, review the applicable terms, penalties, and lock-in conditions using the issuer-specific links for Bajaj Finance, Mahindra Finance, Shriram Finance, Suryoday Small Finance Bank, and Unity Small Finance Bank.

Steps to withdraw a Fixed Deposit on FYERS

On FYERS App

  1. Log in to the FYERS App.
  2. Go to Portfolio → Holdings.
  3. Open the Fixed Deposits section.
  4. Select the FD you want to withdraw.
  5. Check the FD details:
    • From the Overview tab, you can check the invested amount, tenure, and all the investment details.
    • From the Payout Timeline tab, you can check the invested amount (Principal), maturity payout amount and payout dates for the Fixed Deposit.
  6. Click Withdraw.

Note: Withdrawal steps may vary based on the issuer. Refer to the FAQs for issuer specific withdrawal steps: Mahindra, Bajaj, Shriram, Suryoday, Unity

On FYERS Web

  1. Log in to the FYERS Web.
  2. Go to Portfolio → Holdings.
  3. Open the Fixed Deposits section.
  4. Select the FD you want to withdraw.
  5. Check the FD details:
    • From the Overview tab, you can check the invested amount, tenure, and all the investment details.
    • From the Payout Timeline tab, you can check the invested amount (Principal), maturity payout amount and payout dates for the Fixed Deposit.
  6. Click Withdraw.

Note: Withdrawal steps may vary based on the issuer. Refer to the FAQs for issuer specific withdrawal steps: Mahindra, Bajaj, Shriram, Suryoday, Unity

Premature Withdrawal Conditions and Lock-in Periods

IssuerLock-in PeriodPremature Withdrawal Conditions
Bajaj Finance3 monthsNo withdrawal permitted during the first 3 months except in death cases. Between 3 to 6 months, no interest is payable. After 6 months, interest will be reduced by 2% to 3% lower than the applicable ROI depending on tenure.
Mahindra Finance3 monthsDeposits are locked for 3 months and cannot be withdrawn except in specific scenarios. 3–6 months: No interest paid; investor receives principal only. After 6 months: Interest payable at 2% lower than the applicable rate for the period held, or 3% lower than the minimum FD rate accepted by Mahindra Finance (whichever applies).
Shriram Finance3 monthsUp to 3 months: No repayment except in case of death. After 3 months but before 6 months: No interest paid. After 6 months but before maturity: Interest payable will be 2% lower than the applicable rate for the period the deposit has run, or 3% lower than the minimum rate accepted by the company.
Suryoday Small Finance Bank7 daysPremature withdrawal is allowed after 7 days.
Unity Small Finance BankNo lock-inA penalty of 1% or the contracted rate (whichever is lower) is applicable on premature withdrawal.

The withdrawal proceeds will be credited to the same bank account linked during the FD booking process.

What If...

ScenarioWhat Happens
What if the withdrawal amount is not credited?If the withdrawal amount is not credited within the expected duration, please contact FYERS Support for assistance.
What if the FD holder is deceased?Certain issuers may allow premature withdrawals in death-related cases, subject to submission and verification of the required documents.
Why am I unable to withdraw my FD?The FD may still be under the lock-in period or may not be eligible for premature withdrawal as per the issuer’s policy.
Will I lose interest or be charged penalties on premature withdrawal?Yes. Certain issuers may reduce or forfeit the applicable interest and may also apply penalties for premature withdrawals.

Last updated: 17 June 2026


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