Your credit card will get closed if you withdraw from your FD. This is because:

  • The FD can only be withdrawn fully (all FDs will get withdrawn) and not partially.

  • The credit limit of your credit card is equal to the total of the FDs (if you withdraw, this will become 0).

The FD withdrawal balance will come to your Niyo (SBM) savings account after deducting any credit card outstanding (if you have any credit card bill due, then the amount will get deducted from FD, and you will get the balance).

Note: You can create a new FD and reorder the credit card at a charge of Rs. 249+GST once the refund for your previous FD has been completed. You can withdraw and create new FDs 5 times.