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How to Make a Fixed Deposit (FD) Through OnlineSBI (State Bank Of India)

Updated on October 20, 2013

Requirements for creating a Fixed Deposit Online with SBI

Before we go ahead, there are three basic requirements that you will need:

  • The first and main requirement is that you need to have a Savings Account with State Bank Of India (SBI).
  • Secondly, you need to have the Online Banking facility, you can apply for Online Banking at your nearest SBI Branch.
  • Thirdly, you need to have Mobile Banking activated for your Savings Account, you can avail this facility at your nearest SBI Branch as well.

Once you have these, the next thing you need is a computer or a laptop with a Internet connection.

If you've got all of the above, then your ready to create your Online Fixed Deposit with Online SBI.


What is a Fixed Deposit (FD)?

Before creating a Fixed Deposit, you need to know what a Fixed Deposit really is..

FD is an abbreviation used for the term Fixed Deposit. These deposits are also known as term deposits and usually created for a long term. A fixed deposit is considered to be the safest investment with highest returns there is.

The thing that defines a fixed deposit is that the amount invested or deposited cannot be withdrawn until it reaches it's maturity date (date till which it was made for).

It is created for a fixed term say 1,3, 5 or even 10 or more years.

The Interest rates of a FD as compared to a normal savings account are nearly double or sometimes even more.

In today's fast pacing technologically advanced world, banks now allow you to create your fixed deposits by sitting at home and logging into your Online Banking Account.

Another feature that has been started by State Bank Of India (SBI) is that you can now create and break your online Fixed Deposit whenever you want, without having to even step outta your house!

Online SBI Home Page

Click thumbnail to view full-size
This is how the main home page of Online SBI looks like.
This is how the main home page of Online SBI looks like.
This is how the main home page of Online SBI looks like.

Read Login Instructions

Click thumbnail to view full-size
Important information you should read before you continue to login.
Important information you should read before you continue to login.
Important information you should read before you continue to login.

Logging in to Online SBI

To start with the creation of your fixed deposit, you first need to log in to your Online SBI account.

You can click on this link here to do so: https://www.onlinesbi.com/

Remember to check if the site is genuine or not, you can do this by checking the verification signature at the side of the address bar as show on the image to your right.

Unless the verification bar is green and similar to the one in the image given, then and only then continue.

If there is no verification bar, exit the page immediately.

This verification is there as an authentication to show you that the site is genuine and secure.

Next, click on Login, once again refer to the image on your right to see where exactly it is.

After clicking the Login button, you will be re-directed to a confirmation page, read the note given there and once satisfied proceed to click the 'Continue to Login' button and you will now be re-directed to the login page where you have to enter your Online SBI ID and Password.


Login Page

Enter your correct ID and Password as you only get 3 tries.
Enter your correct ID and Password as you only get 3 tries.

Logging in to Online SBI Continued..

Once you have been re-directed to the login page, all you gotta do is enter your Login ID and Password provided and your ready to go.

Your login page will look just like the one shown above.

As an additional security measure, to avoid keyloggers, SBI has provided an online virtual keyboard which you can use to enter your password.

Once you have successfully logged in, you will be re-directed to your home page.

Online SBI Menu

Click on e-Fixed Deposit to create your online Fixed Deposit
Click on e-Fixed Deposit to create your online Fixed Deposit

Creating Your Fixed Deposit Online

Now you should be able to view your savings and existing deposit accounts.

To create you fixed deposit online, you now have to click on the e-Fixed Deposit link provided on the menu.

See the image above if you can't find it. Once you click on it you will be re-directed to a page where-in you can create various deposits online.

On the left hand side, click on e-TDR/STDR, the first option.

See below if you can't find it.

Now select your savings account number that you'd like to create your FD from, enter the amount, select TDR or STDR, accept the terms and from now on it's easy sailing.


Online Deposits Screen

Select the type of deposit you want to create and the follow the instructions given.
Select the type of deposit you want to create and the follow the instructions given.

Queries

For any additional help or queries,suggestions or help need, please leave a comment below and I'll get back to you immediately.

© 2013 Paiva

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    • profile image

      Prianshu 3 days ago

      Thank you very much for this information. Hope you are doing well? God bless

    • profile image

      Srinivasa N S 12 days ago

      Can we make e txt in android phone

    • profile image

      Hi I m Reetu 4 weeks ago

      How much amount we need for FD.and interest

    • profile image

      Anantharaman 5 weeks ago

      On creating TDR online , after log in to my internet banking. How can I submit for 15g-15H

    • profile image

      chauhan umedsinh 6 weeks ago

      how can i make my choosing name in online fixed deposit and print these.

    • profile image

      Sowmya venkatesham 3 months ago

      What is the minimum amount to fix deposit???and what is the use of fix deposit??will i get any profit??

    • profile image

      Alok Panigrahi 3 months ago

      Is 15g and 15h required in online fd. Because in my online fd it is showing "no details"

    • profile image

      Hemant Mistry 3 months ago

      If i create online FD and then i want to take loan against that FD immediately is possible and if yes procedure for the same please

    • profile image

      RAKESH KUMAR JAIN 4 months ago

      I created a e-STDR MOD yesterday but I can not find in list of deposits. How can I view it?

    • profile image

      Jai 4 months ago

      Sir can we trf that fd to other SBI account

    • profile image

      Neetika 4 months ago

      When I try to open fd through netbanking then message shows Presently e-TDR/e-STDR is not available for selected debit account type. Inconvenience caused is deeply regretted

    • profile image

      S.G.K.PILLAI 4 months ago

      I tried to open a fixed deposit with sbi from outside india, but while processing showing e fixed deposit is not possible with this account, contact the branch. Do you have a solution to solve the problem and to make a fixed deposit with sbi online. Waiting for your reply at this email. sgpillai.7@gmail.com

    • profile image

      Partha Ghosh 5 months ago

      From where I can generate the slip of FD through online as I have generate the FD request after 8 Pm, so next day it is automatically deducted.

    • profile image

      Sachchidanand Mishra 6 months ago

      i have rd i want to convert it into fd

    • profile image

      Nethra 6 months ago

      I need to know the difference b/w TDR and STDR and which one will be better. Please suggest me.

      Thanks & Regards,

      Nethra

    • profile image

      Manas Ranjan 7 months ago

      If once I have selected tdr from the options and submit by confirming it and later want to change it to stdr...then what???Will I be able to do so???

    • profile image

      Hemraj 7 months ago

      My FD is not showing in Deposit Account Details?

    • profile image

      T. Hymavathi 8 months ago

      Is this deposit tax free

    • profile image

      Kumar 8 months ago

      I have one NRE account and one Savings account. After login I am able to see both accounts but while trying to create a new FD it is showing only Savings account. How will I get my NRE account under the debit account list option?

    • profile image

      siddhesh 8 months ago

      when i try to e-fixed deposit it gives me message that due to some technical problem your request cannot be completed this time, please try later.

    • profile image

      Swati S 8 months ago

      Will I get a notification from the bank once the FD has been opened? Will I get an e-receipt? Where can I take print out of the receipt for future reference?

    • profile image

      Munna 8 months ago

      I tried the above steps to open New FD a/c through OnlineSbi, but it shows "Term Deposit cannot be created online for this product combination. Kindly contact your branch". I cant understand what is the problem. please clarify and help me.

    • profile image

      Amrit kumar Sharma 9 months ago

      Can I use android smart phone for fix deposite

    • profile image

      Sudhakar MV 9 months ago

      How to take back the amount from fixed deposit ?

    • profile image

      Silky Pine 9 months ago

      I have a physical FDR for 1000 days and has a good interest rate as it was made before changes to interest rates. Now I want to convert to eSTDR. Can I convert in to electronic STDR through online banking without prematurely withdrawing it. I just want to convert to electronic with the existing maturity of 1000 days so that I do no lose interest because of new lower interest rates.

    • profile image

      mohan 9 months ago

      SBI FD under income tax?

    • profile image

      laxmi 9 months ago

      i have sbi account but mobile number is not registered and i have forgot the password how i can reset and do fd throuh online.

      kindly suggest how to change password and do fd online.

    • profile image

      Babli Sharma 10 months ago

      Hi , Suppose I have created FD online for Tax saving then how I will get the certifictae of that FD.Whether I need to visit Home Branch or any SBI branch I can go and ask to give the Certificate or is there anything other way that I dont have to visit any branch , online I can take print of that certificate.

    • profile image

      Kiran 10 months ago

      Hi, I have opened an e-MOD account for fixed deposit and it is registered with an account number. Now, how can I deposit amount in the same account through online.

    • profile image

      pragya chaturvedi 10 months ago

      After Clicking on e-TDR i did not get the Account no. where as, i am getting this error "You are on viewing rights. If you want transaction rights, please go to e-Services-Upgrade Access Level. " Please get back me soon. and suggest how do i create my FD

    • profile image

      Dhimant 11 months ago

      Can I see FD entry in my SBI passbook?

    • profile image

      Shankar Ratnapagol 11 months ago

      What is the procedure for nomination on online fixed deposit . Can I change the nominee before maturity of FD

    • profile image

      Mohammed Farooq 11 months ago

      I have an NRE account, If I make a fixed deposit online than how to get FD bond or receipt

    • profile image

      RAMNATH DEWANGAN 12 months ago

      is there an option to put nomenee in etdr

    • profile image

      Pranav 12 months ago

      how can i select that, when i will get interest? Monthly, quarterly or else?

    • profile image

      Amol 12 months ago

      If I opened online TDR/STDR for 1 year. Now I want to withdraw before completing maturity. Which one from TDR/STDR can I closed before maturity? And Is there any penalty for that?

    • profile image

      Trupti 12 months ago

      Hi,

      I want to do FD. My account is savings account but single. I want to do fd with my husbands account?

      When I visit the branch they ask me to give account number with whom I want to make joint fd.

      Please suggest me according.

    • profile image

      shyamveer 13 months ago

      35916928521

    • profile image

      Ritu 13 months ago

      How many fd's we can do (online) with one sbi account in a year

    • profile image

      sagar 13 months ago

      what is difference between What is e-TDR/e-STDR Multi Option Deposit(MOD) and e-TDR / e-STDR (Fixed Deposit). which one is useful. I want to deposite some amount of money every month. suggest some suitable FD scheme.

    • profile image

      pavan 13 months ago

      what is tdr payout amount how it will be calculated and will i get the interest amount if i take before the maturity time

    • profile image

      MANOJ KUMAR 13 months ago

      I have a NRE FD to be renewed how can i do it through online pls help.al so

      i have received msg on mobile phone to approach the SBI branch for renewal pupose.

    • profile image

      MANOJ KUMAR 13 months ago

      .....

    • profile image

      raj 14 months ago

      when i try to open efixed deposit its saying mode of operation not set for your account.

    • profile image

      kashiram Vichare 14 months ago

      Shall I take print out of FDR ?

    • profile image

      suyash 14 months ago

      Suppose if i create a FD of for 7 days how much interest i ll will get and when i ll get my return.. is there any limit of creating FD ??

    • profile image

      Sam 15 months ago

      I have a joint a/c in a SBi group bank.I am primary holder(A) and the other holder is Secondary(B).So can I remove a online FD in the Secondary(B) holder's name only if I want to?How can that be done? Also,Whenever I try to get an online FD both the holder's name appears on the online generated FD.Pl help.Regards.

    • profile image

      nik 15 months ago

      do i need pan card update for ETDR.

    • profile image

      Rashmi 15 months ago

      How do i cancel the e STDR under ITSS Scheme

    • profile image

      D kamala 15 months ago

      While doing fixed deposit online ,in cumulative type what is turner period.

      And ,is there any option to select monthly interest in non cumulative method.

    • profile image

      rajesh 15 months ago

      Hello all

      I have one question , I am working in Saudi Arabia and so I didn't receive any otp and notifications in my registered mobile number

      So it can be possible to do E- FD / STDR without OTP.

    • profile image

      sachin 15 months ago

      this massege occure, when i created fd on sbi net banking "personal banking sbi presently etdr/stdr is not available for selected debit account type. inconvenience caused is deeply regretted". How shall i do??

    • profile image

      16 months ago

      Hey, I have a FD which I opened at my local branch. Now i stay in another city and want to add money in the same fd account through e-banking. Is it possible or can e-STDR never be merged with STDR (manual)?

      please let me know ASAP.

    • profile image

      Chandan 16 months ago

      I am trying to withdraw my FD from SBI. Do I essentially need to visit my home branch or can it be credited to my account visiting any of the SBI branch?

    • profile image

      Prathima.K 16 months ago

      Suppose, if we did Fixed Deposit e-TDR/e-STDR through online, after maturity, how the amount will be crediting in my account.

    • profile image

      ajeet 16 months ago

      what is the difference between tdr and stdr ? and which one of them is better

    • profile image

      PRABHAKARA K 16 months ago

      Dear SBI,

      I have saving account in SBI kumrapark branch and i have e-bank along with mobile bank, now i wank fixed deposit facility through online, kindly give details for online fixed deposit.

      Thanks & Regards,

      Prabhakara.K

      9972815223

    • profile image

      Anu 16 months ago

      I have booked FD online. How do i get the money from FD, once it is matured? Does it get transferred to my savings account? If not what is the option?

    • profile image

      kumar00 16 months ago

      Term Deposit cannot be created online for this product combination. Kindly contact your branch. solution for this

    • profile image

      kumar 16 months ago

      Term Deposit cannot be created online for this product combination. Kindly contact your branch. solution for this

    • profile image

      kumar 16 months ago

      Term Deposit cannot be created online for this product combination. Kindly contact your branch. while making online FD every time i get this message.

    • profile image

      sri 17 months ago

      e-TDR / e-STDR (Fixed Deposit) will this scheme qualifies under 80 C deduction

    • profile image

      karthik 17 months ago

      Term Deposit cannot be created online for this product combination. Kindly contact your branch.

    • profile image

      Makbul Ahmad Mev 18 months ago

      How can I add my FD through net banking

    • profile image

      Aswathy 18 months ago

      Hi Sir,

      Which FD will be more beneficial interns of monetary?

      e-TDR / e-STDR (Fixed Deposit)

      e-TDR / e-STDR under Income Tax Saving Scheme

      e-TDR / e-STDR (MOD) Multi Option Deposit

      Thanks in Advance

    • loanadda-biz profile image

      LoanAdda 18 months ago from New Delhi , india

      A good article that will help lot of people with internet banking. Nice effort.

    • profile image

      sumeet 18 months ago

      i have to select one of these options:-

      Auto renew Principal and Interest

      Auto renew Principal and repay Interest

      Repay Principal and Interest

      I want to decide at the time of maturity whether to auto-renew or not.

      so,which option should i select ?

      if i select Repay Principal and Interest, can i update it to auto-renew at the time of maturiy ?

    • profile image

      Balaji 20 months ago

      I am planning to open a fixed deposit in sbi through online.. After creating it in online.. Is it possible to add money in fixed deposit through SBI branch(through cash)

    • profile image

      ramya 20 months ago

      hi can i add extra money to an existing fixed deposit.. example: lets say i have a fd of 70000, can i make it 1 lakh?

    • profile image

      Karthi 21 months ago

      I am getting this error while opening FD online "Term Deposit cannot be created online for this product combination. Kindly contact your branch."

    • profile image

      harish 21 months ago

      Sir already I have a FD account and have submitted pan card, now I want to create a FD account, can I create in online without submit pan card again?

    • profile image

      shikha 22 months ago

      what is the maturity instructions?

      which option to be selected while doing FD?

    • profile image

      Parth Vora 2 years ago

      Do we need to pay any tax on FD amount? If yes then how much? Which is the best scheme in which you don't have to pay tax or need to pay it at minimum?

    • profile image

      how i can add nominee in efd 2 years ago

      how i can add nominee in efd

    • profile image

      manvi 2 years ago

      I have started using internet banking wanted to do FD for an amount of 50,000 but i don't have a pan card. Can i do the same without a PAN card. please tell me about the maturity amount what is it exactly? repay principle and interest... or auto option which one should be chosen?

    • profile image

      Binod kr singh 2 years ago

      Host to add nominee name in FD.

    • profile image

      Ram 2 years ago

      I have a joint account with my wife and i wanted to create online fd on her name. But i couldn't do it. After it was created, i saw it is in joint name. Is that possible to create fd in any one's name?

    • profile image

      Shanoj 2 years ago

      Can I create e-fd without a pan card?

    • profile image

      Dr.Madhusudhan 2 years ago

      I want to convert my e-fixed deposits into conventional(routine)fixed deposits.I am scared of online frauds and hence want to convert my e fixed deposits to routine ones.Can i do this by online banking or should i visit the bank personnely for doing so.

    • profile image

      alankar 2 years ago

      Term Deposit cannot be created online for this product combination. Kindly contact your branch. while making online FD every time i get this message.

      what is the problem actually i dont know

    • paiva25 profile image
      Author

      Paiva 2 years ago from Goa, india

      Abhijit, Yes you better approach your branch..

      And Alankar, I didn't quiet get you..

    • profile image

      alankar 2 years ago

      i am not able to create online fd message shown by bank site this product combination is not create online. what is problem actually i am not getting

    • profile image

      Abhijit 2 years ago

      My eFD was prematurely closed even though I had given maturity instruction to replay principal and interest. Do I have to approach branch to check why it was done so ?

    • paiva25 profile image
      Author

      Paiva 2 years ago from Goa, india

      No it won't..But you won't get notifications or an OTP to make online purchases.

    • profile image

      shakti 2 years ago

      My mobile number has changed that I have given to bank at the time of account opening and I left the city also. Is this effect my online FD facility or not? Do I need to submit my new phone number to bank?

    • paiva25 profile image
      Author

      Paiva 2 years ago from Goa, india

      Yes,exactly. In STDR your interest gets cummulated, i.e you get interest on interest.

    • profile image

      Rohit 2 years ago

      Buddy this TDR / STDR is like we are depositing a fixed amount for eg say 10,000 for a tenure of 1 year , and if we are choosing TDR we will get interest during regular intervals but in case of STDR we will be getting this interest at the end of maturity period. Am i right?

    • profile image

      Kavya 2 years ago

      "Term Deposit cannot be created online for this product combination. Kindly contact your branch" I get this error msg while creating a FD. Wat do I do?? Branch is not even aware of this problem...

    • profile image

      priya 2 years ago

      difference between online fd and bank fd.Is there any difference in interest rate and in offline mode we get sum certificate can we get that on online also.

    • profile image

      piya 2 years ago

      my registered mobile no. in bank is now nt working.....can i deposit money into fd account online.....

    • profile image

      vijay 2 years ago

      what is the minimum maturity period of fd

    • paiva25 profile image
      Author

      Paiva 2 years ago from Goa, india

      An FD can be made online for a joint account actually.

    • profile image

      pavan 2 years ago

      how can i deposit money into fixed deposit bank account online

    • profile image

      Prathamesh 2 years ago

      An important piece of information : FD cannot be done online if the mode of operation is Joint. Can only be done for single account holders. Hope this information helps.

    • profile image

      Mainak 2 years ago

      I have a joint account with my wife and i wanted to create online fd on her name. But i couldn't do it. After it was created, i saw it is in joint name. Is that possible to create fd in any one's name?

    • paiva25 profile image
      Author

      Paiva 2 years ago from Goa, india

      There is an option Close Account under the section where you go to create the FD

    • profile image

      skdking 2 years ago

      You say that, 'Another feature that has been started by State Bank Of India (SBI) is that you can now create and break your online Fixed Deposit whenever you want, without having to even step outta your house!'

      I too have an e-STDR with SBI.

      How do I break the FD online?

      I can not find any link on their website for this.

    • paiva25 profile image
      Author

      Paiva 2 years ago from Goa, india

      @Lee: Your deposits should be shown on the homepage itself below your saving accounts.

      @kezi: The minimum period is now 1 year.

    • profile image

      kezi 2 years ago

      unable to create e-STDR for 3 months in SBI. I had created earlier online for 1 month. Now it throws an error saying minimum is 1 year for this category

    • profile image

      Lee 2 years ago

      Hi I just wanted to inquire as to how do i view my existing FD account on my online account.