OneCard (SBM) FD closed, but card active

[krishg]

I have OneCard metal (SBM secured by FD) for more than 1 year. Now since that is not much of use to me as the occasional offers are already covered by other credit cards, I thought of closing it to unblock my 1 lac FD with less interest rate (since FD is for 1 year always by them, user has no option to change). But instead of reaching support to close it, I thought of doing some experiment. As my purpose was to release the FD with not so famous SBM, but not much of closing the card, I logged in to SBM netbanking and closed the FD. But OneCard is still active or did not receive any notification either it will be closed. Well, at least in app, I did not try any transaction in case they are silently in process of closing it. Wondering if it would get closed automatically after billing cycle or would they silently convert it to unsecured one?

 

[sudhirsiddhi]

Still active.

how you closed this card

like I want know that which method choose to close this card

 

[sudhirsiddhi]

I have OneCard metal (SBM secured by FD) for more than 1 year. Now since that is not much of use to me as the occasional offers are already covered by other credit cards, I thought of closing it to unblock my 1 lac FD with less interest rate (since FD is for 1 year always by them, user has no option to change). But instead of reaching support to close it, I thought of doing some experiment. As my purpose was to release the FD with not so famous SBM, but not much of closing the card, I logged in to SBM netbanking and closed the FD. But OneCard is still active or did not receive any notification either it will be closed. Well, at least in app, I did not try any transaction in case they are silently in process of closing it. Wondering if it would get closed automatically after billing cycle or would they silently convert it to unsecured one?

Now you have try any transaction Please reply me

 

[shubhamosy]

I got my cust id from "Your SBM Bank Fixed Deposit Receipt" Email.

when i tried to close FD i got error: The withdrawal amount exceeds the difference between the principal and lien amount.~Tag - withdrwlAmt

 

[abhinandan8]

i don't have niyo global, have only oneCard then how to get costumer ID?

Sbm bank sends statement via email you'll find customer id in that

 

[pankaj_ji]

Still active.

still active?

 

[krishg]

still active?

yes

 

[ray8285]

How long does One card take to process closure request ? Also in how many days do they credit the FD back to the bank account ? Raised a request to close my Mom's card & the app is showing 3-5 days, but Cust care is telling 7-10 days. Any idea how many days till we can get her FD credited back to her bank ? The request to close the card was raised yesterday !

 

[RajS]

One week max

How long does One card take to process closure request ? Also in how many days do they credit the FD back to the bank account ? Raised a request to close my Mom's card & the app is showing 3-5 days, but Cust care is telling 7-10 days. Any idea how many days till we can get her FD credited back to her bank ? The request to close the card was raised yesterday !

One week max. The amount will credit

 

[sac]

I have OneCard metal (SBM secured by FD) for more than 1 year. Now since that is not much of use to me as the occasional offers are already covered by other credit cards, I thought of closing it to unblock my 1 lac FD with less interest rate (since FD is for 1 year always by them, user has no option to change). But instead of reaching support to close it, I thought of doing some experiment. As my purpose was to release the FD with not so famous SBM, but not much of closing the card, I logged in to SBM netbanking and closed the FD. But OneCard is still active or did not receive any notification either it will be closed. Well, at least in app, I did not try any transaction in case they are silently in process of closing it. Wondering if it would get closed automatically after billing cycle or would they silently convert it to unsecured one?

Have anyone tried the same with Federal bank one card? I have got one card from Federal bank with 50k fd. Any way to get this card from secured to unsecured?

 

[krishg]

I have OneCard metal (SBM secured by FD) for more than 1 year. Now since that is not much of use to me as the occasional offers are already covered by other credit cards, I thought of closing it to unblock my 1 lac FD with less interest rate (since FD is for 1 year always by them, user has no option to change). But instead of reaching support to close it, I thought of doing some experiment. As my purpose was to release the FD with not so famous SBM, but not much of closing the card, I logged in to SBM netbanking and closed the FD. But OneCard is still active or did not receive any notification either it will be closed. Well, at least in app, I did not try any transaction in case they are silently in process of closing it. Wondering if it would get closed automatically after billing cycle or would they silently convert it to unsecured one?

By the way, thought of giving update, even after several months my card is still active and do occasional transactions.

 

[Akashn]

I got my cust id from "Your SBM Bank Fixed Deposit Receipt" Email.

when i tried to close FD i got error: The withdrawal amount exceeds the difference between the principal and lien amount.~Tag - withdrwlAmt

Same error lol