How to Make a Fixed Deposit (FD) Through Online SBI (State Bank of India) - ToughNickel - Money
Updated date:

How to Make a Fixed Deposit (FD) Through Online SBI (State Bank of India)

Author:

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 things, the next thing you need is a computer or a laptop with an Internet connection. If you've got all of the above, then you're 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 the long term. A fixed deposit is considered to be the safest investment with the highest returns there is.

The thing that defines a fixed deposit is that the amount invested or deposited cannot be withdrawn until it reaches its maturity date (date till which it was made for).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

This is how the main home page of Online SBI looks like.

This is how the main home page of Online SBI looks like.

Important information you should read before you continue to login.

Important information you should read before you continue to login.

Logging into Online SBI

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

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 shown 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 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 redirected to the login page where you have to enter your Online SBI ID and Password.

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

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

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

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.

Create a RD Online With SBI

This article is accurate and true to the best of the author’s knowledge. Content is for informational or entertainment purposes only and does not substitute for personal counsel or professional advice in business, financial, legal, or technical matters.

© 2013 Paiva

Comments

Reddy on July 22, 2019:

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. Even my branch is not understanding

ArunaNiramala on August 10, 2018:

Hi , I too facing this error 'Presently e-TDR/e-STDR is not available for selected debit account type. Inconvenience caused is deeply regretted '

when i try opening FD via online.

if i call and callcentre person , they telling to open FD in branch. but she did not told the reason for this error.

shyam sharan on July 23, 2018:

I have opened a fixed deposit account online. Fixed deposit account no. has been generated by the system but fund has not been deducted.Please help.

Rashmi on May 17, 2018:

Hi Team,

I am getting below error while creating the RD online.

Please help me to get this done.

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

Thanks,

Rashmi

Ashok on May 16, 2018:

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

neetu on February 14, 2018:

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

AS on February 06, 2018:

I have a online FD. Now I want an original certificate from SBI to prove that the amount upon maturity is....and that it is in my name. How do I collect an online confirmation of it?

Mohammad seraj on February 06, 2018:

Need to help for an account of fix deposit in SBI

Ravi on November 02, 2017:

Do we need to provide an id proof for closing an online SBI FD.

subrata sarkar on October 31, 2017:

My FD already matured 24 November but till now not credited my savings account but it show in fd account.

Why not credit this amount in my Savings account?

Pritam Singh on October 26, 2017:

How can i break my Fixed Deposit made throug net banking and get the the amount transferred to my saving account?

Prianshu on October 19, 2017:

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

Srinivasa N S on October 11, 2017:

Can we make e txt in android phone

Hi I m Reetu on September 22, 2017:

How much amount we need for FD.and interest

Anantharaman on September 13, 2017:

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

chauhan umedsinh on September 08, 2017:

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

Sowmya venkatesham on July 17, 2017:

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

Alok Panigrahi on July 17, 2017:

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

Hemant Mistry on July 11, 2017:

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

RAKESH KUMAR JAIN on June 23, 2017:

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

Jai on June 20, 2017:

Sir can we trf that fd to other SBI account

Neetika on June 05, 2017:

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

S.G.K.PILLAI on June 03, 2017:

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

Partha Ghosh on May 02, 2017:

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.

Sachchidanand Mishra on April 24, 2017:

i have rd i want to convert it into fd

Nethra on April 04, 2017:

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

Thanks & Regards,

Nethra

Manas Ranjan on March 20, 2017:

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???

Hemraj on March 15, 2017:

My FD is not showing in Deposit Account Details?

T. Hymavathi on February 20, 2017:

Is this deposit tax free

Kumar on February 06, 2017:

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?

siddhesh on February 02, 2017:

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.

Swati S on January 28, 2017:

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?

Munna on January 28, 2017:

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.

Amrit kumar Sharma on January 18, 2017:

Can I use android smart phone for fix deposite

Sudhakar MV on January 11, 2017:

How to take back the amount from fixed deposit ?

Silky Pine on January 01, 2017:

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.

mohan on January 01, 2017:

SBI FD under income tax?

laxmi on December 30, 2016:

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.

Babli Sharma on December 21, 2016:

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.

Kiran on December 12, 2016:

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.

pragya chaturvedi on November 28, 2016:

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

Dhimant on November 23, 2016:

Can I see FD entry in my SBI passbook?

Shankar Ratnapagol on November 16, 2016:

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

Mohammed Farooq on November 07, 2016:

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

RAMNATH DEWANGAN on October 15, 2016:

is there an option to put nomenee in etdr

Pranav on October 07, 2016:

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

Amol on October 03, 2016:

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?

Trupti on September 30, 2016:

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.

Ritu on September 15, 2016:

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

sagar on September 12, 2016:

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.

pavan on September 07, 2016:

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

MANOJ KUMAR on September 06, 2016:

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.

MANOJ KUMAR on September 06, 2016:

.....

raj on August 24, 2016:

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

kashiram Vichare on August 11, 2016:

Shall I take print out of FDR ?

suyash on August 01, 2016:

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 ??

Sam on July 25, 2016:

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.

nik on July 23, 2016:

do i need pan card update for ETDR.

Rashmi on July 20, 2016:

How do i cancel the e STDR under ITSS Scheme

D kamala on July 15, 2016:

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.

rajesh on July 15, 2016:

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.

sachin on July 11, 2016:

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??

A on June 30, 2016:

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.

Chandan on June 20, 2016:

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?

Prathima.K on June 19, 2016:

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

ajeet on June 06, 2016:

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

PRABHAKARA K on June 05, 2016:

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

Anu on June 03, 2016:

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?

kumar00 on June 02, 2016:

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

kumar on June 02, 2016:

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

kumar on June 02, 2016:

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

sri on May 10, 2016:

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

karthik on May 05, 2016:

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

Makbul Ahmad Mev on April 29, 2016:

How can I add my FD through net banking

Aswathy on April 28, 2016:

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 from New Delhi , india on April 24, 2016:

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

sumeet on April 10, 2016:

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 ?

Balaji on February 18, 2016:

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)

ramya on February 17, 2016:

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?

Karthi on January 20, 2016:

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

harish on January 06, 2016:

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?

shikha on December 16, 2015:

what is the maturity instructions?

which option to be selected while doing FD?

Parth Vora on September 20, 2015:

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?

how i can add nominee in efd on September 09, 2015:

how i can add nominee in efd

manvi on August 11, 2015:

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?

Binod kr singh on August 06, 2015:

Host to add nominee name in FD.

Ram on August 04, 2015:

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?

Shanoj on July 11, 2015:

Can I create e-fd without a pan card?

Dr.Madhusudhan on June 19, 2015:

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.

alankar on June 18, 2015:

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

Paiva (author) from Goa, india on June 17, 2015:

Abhijit, Yes you better approach your branch..

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

alankar on June 16, 2015:

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

Abhijit on June 10, 2015:

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 ?

Paiva (author) from Goa, india on June 05, 2015:

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

shakti on June 03, 2015:

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?

Paiva (author) from Goa, india on May 10, 2015:

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

Rohit on May 10, 2015:

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?

Kavya on April 30, 2015:

"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...

priya on April 24, 2015:

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.

piya on April 22, 2015:

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

Related Articles