SBI Online: The State Bank of India or SBI allows its savings account holders to open a fixed deposit (FD) online through simple SBI net banking. The SBI customers or an SBI savings account holders can open an FD with ease. They can open an SBI FD by sitting at their home as it can be opened through net banking. SBI customers can easily transfer their money in their SBI FD account online using an online SBI facility after activating their SBI net banking services. They can also renew or close their SBI deposit online after opening an online SBI FD.
Therefore, SBI customers can open an FD account online, they no more require to go to the SBI branch near to their address. Here is a step by step guide to open SBI FD account online.
Here is step by step guide on how to open a 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 the future.