Can I withdraw the FD before maturity?

Yes, you can withdraw your FD before maturity, but please keep these important points in mind: 

1. The FD can only be withdrawn fully (all FDs will get withdrawn) and not partially. For example, you have 3 FDs: FD1 for Rs. 10,000, FD2 for Rs. 15,000, and FD3 for Rs. 25,000. Your total FDs and credit limit are Rs. 50,000. If you wish to withdraw, then the entire Rs. 50,000 will get withdrawn. 
2. The FD withdrawal balance will come to your Niyo (SBM) savings account after deducting any outstanding credit card debt (if you have any credit card bills due, then the amount will get deducted from FD, and you will get the balance). The FD withdrawal process may take 5-7 working days. 
3. Early withdrawal leads to a penalty (loss of 1% interest on your FD) by the bank. For example, if you have a FD of Rs. 10,000 opened for 6 months at an interest rate of 6%. If you withdraw it in 3 months, the bank will first check the rate you would have received if you took the FD for 3 months (for example, 5%). The penalty here will mean you will get a 4% interest rate (5% - 1% penalty). Note: Your card will be blocked if you withdraw your FD. The FD can only be withdrawn if the SCC usage is below 90%; if the user has used the credit card more than 90%, they need to bring it below 90% by making a bill payment. Then they can withdraw it as mentioned in point 2.   You can create more FDs in the future if you need, once the withdrawal process and refund for your existing FD have been completed.