How to Make SBI Fixed Deposit-FD Through Online Banking

SBI Fixed Deposit through Online: Among all the schemes fixed deposits is one of the most popular saving schemes in India. You can open a fixed deposit either through post office or through any bank online. Before we start proceeding with the Steps to Open Fixed Deposit in SBI Online, let’s know what exactly Fixed Deposit is. 

What is Fixed Deposit?

Fixed Deposit otherwise known as FD is a term deposit that is generally created for a long term. It is considered to be the safest investment along with high returns. It is a financial instrument provided by banks with high rate of interest and is provided till the given maturity date. The tenure of the fixed deposit may vary from 7 days, 15 days or can also be as high as 10 years. This deposit is considered to be safer than post office schemes as they are guaranteed by Deposit Insurance and Credit Guarantee Corporation. You can also receive income tax and wealth benefits through such deposits.

Simple Steps to Open Fixed Deposit Scheme Online with SBI:

  • You can open a fixed deposit scheme online very easily when you follow these steps: 
  • Open www.onlinesbi.com in your browser and login to the site by providing user id & password. 
  • Click on personal banking and then follow these steps to Open a Fixed Deposit Online. 
  • You can see e-Fixed Deposit link in the main menu. Click on this tab. 
  • After clicking on that, on the left side you can view e-TDR / e-STDR link. Click on this link. 
  • Now you can view three options – e-TDR / e-STDR(Fixed Deposit), e-TDR / e-STDR under Income Tax Saving Scheme, e-TDR / e-STDR (MOD) Multi Option Deposit. 
  • If you wish to open a normal fixed deposit, i.e. just for investment purpose, then you can click on the first option (Fixed Deposit). 
  • Then you have to provide the amount that you want to deposit in the next step. 
  • Once the amount is provided, then you can choose the term deposit option based on which the maturity option will depend. 
If you are senior citizen, do not worry. You do have an option to choose the maturity date as well. After clicking on maturity date, then click on submit button. Now you are done with the creation of fixed deposit account online. 

You are done with the Creation of Fixed Deposit in SBI Online and you can easily visit the account page details whenever you want to. The account holder can open the scheme online not only with SBI but also with any other banks like Canara, HDFC, ICICI, Andhra, IDBI, CITI, etc. The same steps can be followed to the other banks too. But make sure to have an online banking access to open the FD account.

You need not visit SBI branch either to submit the document or to deposit the money. Everything can be done online. The maturity amount shall be transferred to your savings account with which you opened your SBI FD Online. 
How to Make SBI Fixed Deposit-FD Through Online Banking How to Make SBI Fixed Deposit-FD Through Online Banking Reviewed by amara sangati for Rating: 5