Online SBI: No need to go at the branch, here's how to open SBI FD account online
Online SBI: The State Bank of India or SBI, India's largest commercial bank — allows its savings account customers to open a fixed deposit (FD) online. The account holders of SBI savings account can open an FD from the ease of their home.
Online SBI: The State Bank of India or SBI, India's largest commercial bank — allows its savings account customers to open a fixed deposit (FD) online. The account holders of SBI savings account can open an FD from the ease of their home. You can easily transfer money in your FD account online using an online SBI facility after activating it. You can also renew or close your deposit online after opening an FD online. Therefore, if you are an SBI account holder and want to open an FD account online, you are no more required to go at the branch. Here is a step by step guide to open SBI FD account online.
Here is step by step guide on how to open SBI fixed deposit (FD) online:
Step 1: Visit the SBI net banking website and log in by providing your account details.
Step 2: Now click on e-TDR/e-STDR (FD) in a fixed deposit option and click on proceed (TDR denotes term deposit and STDR stands for Special Term Deposit).
Step 3: After that select the type of FD you want to open and click ‘Proceed’.
Step 4: If you have multiple bank accounts, then click on the account from which money has to be deducted.
Step 5: Select the FD principal value and fill the same in the ‘Amount’ column.
Step 6: Now, select the tenure of deposit- days, year/months/days or maturity date.
Step 7: Now choose maturity instruction for your term deposit account in options like Auto-renew principal and interest or Auto-renew principal and repay interest or Repay principal and interest.
Step 8 Now, click on terms and conditions and then submit to end the process.
Finally your FD with details (name, nominee etc) will appear on the screen. Remember to note the transaction number for further reference and also take out a print or save as a PDF for future.