Life Cycle

Learn about the different statuses a fixed deposit can have during its life cycle.

The figure below shows the life cycle of a fixed deposit.

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Fixed Deposit Life Cycle

The table below shows the different statuses a fixed deposit can have during its life cycle.

StatusDescription
Account Activation Pending
(account_activation_pending)
The API call is successful, money has been deducted, the fixed deposit account number has been generated, and the request has been sent to our partner bank for processing.
Active
(active)
The create fixed deposit request has been processed by our partner bank.
Closed
(closed)
The fixed deposit has been closed and money has been credited to the savings or current account linked to the fixed deposit.