Online SBI: Want to open FD? Here is how to do it online via onlinesbi.com

Online SBI: The current situation has made life trickier for all of us. The economy is under a lot of stress and financial planning for most individuals has gone for a toss. Despite this, if you have money that is not generating returns for you, then there is no reason not to invest it. And, the best option would be a scheme that is safe and gives fixed amounts of money. To do this, you can open a State Bank of India (SBI) fixed deposit (FD) account online with a single click via SBI net banking. 

The official website of State Bank of India is onlinesbi.com. The website explains the entire process of opening a fixed deposit account. The investors don’t need to go to the bank branch for the same and the entire process can simply be completed from home. 

WATCH Zee Business TV LIVE Streaming Online

The website also allows you to close or renew your SBI fixed deposit. Here is a step by step guide for SBI online net banking customers to open SBI online FD:

- Log in to SBI online net banking by filling your personal details;

- Click on e-TDR/e-STDR (FD) at Fixed Deposit option;

- Click on the type of SBI online FD you want to choose;

- Choose the SBI savings to account for online payment and from which the money will be debited in the future;

- Choose SBI online FD principal value. Put this SBI online FD principal value in the 'Amount' column as well. If your age is above 60, then don't miss to click at the Senior Citizen button. Senior Citizens get 0.5 per cent more interest on their SBI Fixed Deposits;

- Choose the maturity period of the SBI Online FD;

- Choose maturity instructions for your SBI term deposit account;

- Read terms and conditions carefully and then click at the 'Terms and Conditions' button for submitting;

- Your SBI FD Online will appear with all details on your computer monitor. Click at 'OK' button; and

- Note the transaction number and print out of the transaction number for future references.