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The thing that defines a fixed deposit is that the amount invested or deposited cannot be withdrawn until it reaches it's maturity date (date till which it was made for).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

      Easakimuthu 3 years ago

      After creating FD its need to visit home branch with any documents

    • paiva25 profile image
      Author

      Paiva 3 years ago from Goa, india

      Nope...

    • profile image

      Deepak 3 years ago

      What is TDR/STDR???

    • profile image

      web user 3 years ago

      after I create a fixed deposit , can I add money to that any time again ?

    • paiva25 profile image
      Author

      Paiva 3 years ago from Goa, india

      Yes if you create the Flexi FD...

    • profile image

      PANKU 3 years ago

      What is TDR/STDR???

    • profile image

      Ravi 3 years ago

      Hi,

      On SBI online web where is option to get FD maturity amount in linked saving account.

      Thnaks!

    • profile image

      Deepu 3 years ago

      Can I FD the amount without having an account with SBI ?

    • paiva25 profile image
      Author

      Paiva 3 years ago from Goa, india

      No...you need an account.

    • profile image

      monoj 3 years ago

      what is the maximum amount to be deposited in online FD

    • paiva25 profile image
      Author

      Paiva 3 years ago from Goa, india

      Not really sure...but I don't think there's a limit to a max amount. It depends on scheme to scheme

    • profile image

      amit sharma 3 years ago

      After Online FD, do I need to collect reciept from the home branch? Or it can be generated online also??

    • paiva25 profile image
      Author

      Paiva 3 years ago from Goa, india

      It can be generated online..

    • profile image

      raghavendra 3 years ago

      what is the advantage of e TDR? is it safe to to it online eTDR

    • paiva25 profile image
      Author

      Paiva 3 years ago from Goa, india

      With an e-TDR you can break it anytime you want online itself without having to go to the bank.. And yes, it's absolutely safe

    • profile image

      pradeep 3 years ago

      will you explain me about tdr and stdr. which option will be best.

    • profile image

      Akhil 3 years ago

      After Maturity, do I need to visit branch in order to break FD, or it will be automatically transferred to my account after maturity.

    • paiva25 profile image
      Author

      Paiva 3 years ago from Goa, india

      It'll automatically transferred to your account or renewed automatically depending on the option you choose during the creation of your FD

    • profile image

      aman 3 years ago

      How can I change maturing instructions in between of tdr?

    • paiva25 profile image
      Author

      Paiva 3 years ago from Goa, india

      You can only the maturity instructions at the time of creation..

    • paiva25 profile image
      Author

      Paiva 3 years ago from Goa, india

      TDR (Non-Cumulative - Interest paid at selected intervals, every quarter that is 3 months)

      STDR (Cumulative - Interest paid at on maturity...that means you'll get interest on interest as well)

    • profile image

      sudipta sil 3 years ago

      mobile banking is mandatory for creating a FD A/c in SBI?

    • paiva25 profile image
      Author

      Paiva 3 years ago from Goa, india

      Nope..but your mobile number needs to be registered with the bank.

    • profile image

      yogeshwar 3 years ago

      is pan card a pre requsite for creating an FD?

      ad can we open multiple FD s?

    • paiva25 profile image
      Author

      Paiva 3 years ago from Goa, india

      Yes you can open multiple FD's and I'm pretty sure a PAN card is a requsite..

    • profile image

      JAGADESH 3 years ago

      If I have the savings account, can I put the amount in fixed deposit without visiting SBI

    • paiva25 profile image
      Author

      Paiva 3 years ago from Goa, india

      Yes and yes to both your questions Jagadesh..

    • profile image

      Yatin Parikh 3 years ago

      any document sumited in bank

    • profile image

      Biswajit 2 years ago

      By using student a/c can I open FD

    • paiva25 profile image
      Author

      Paiva 2 years ago from Goa, india

      Yes, you should be able to so long as you have Online banking..

    • profile image

      Prithvi 2 years ago

      Hi, I have made FD manually at the branch office. Am not able to see the FD deposited amount in online. Is it not visible in online?

    • profile image

      Pooja 2 years ago

      what is 15H/g form?its written in the t&c that after opening tdr you need to submit it to your branch?do i need to fill it too?

    • profile image

      pranab 2 years ago

      after completing the maturity period the maturity amount automatically transfer to my saving account ?

    • paiva25 profile image
      Author

      Paiva 2 years ago from Goa, india

      @Prithvi : You should be able to view deposit accounts opened manually in the bank...Contact the branch where you opened the account to find out what's the problem.

      @Pooja: The 15h/g form is regarding tax. Contact your branch for further details..

      @Pranab: It depends on the option you specify whilst creating the FD, if you choose auto renewal, it'll get automatically renewed else it'll get transffered to your savings account.

    • profile image

      shashadhar prusty 2 years ago

      Dear sir,

      After making Online FD , how will i get the Slip?

      is it through mail ?

    • paiva25 profile image
      Author

      Paiva 2 years ago from Goa, india

      You don't get any slip..

    • profile image

      Sandy123 2 years ago

      Please can someone help me to understand below points :-

      a) If I have done the fixed deposit by visiting the branch whether its possible for me to cancel the FD through online or do I need to visit bank to cancel my FD before maturity.

      b) If I have done the fixed deposit by visiting to branch Can I am see that FD through online.

      c) What is the difference between e-TDR/e-STDR versus TDR/STDR if we are making fixed deposit.

    • 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.

    • 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

    • 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

      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

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

    • 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?

    • 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

      pavan 2 years ago

      how can i deposit money into fixed deposit bank account online

    • paiva25 profile image
      Author

      Paiva 2 years ago from Goa, india

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

    • profile image

      vijay 2 years ago

      what is the minimum maturity period of fd

    • profile image

      piya 23 months ago

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

    • profile image

      priya 23 months 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

      Kavya 23 months 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

      Rohit 22 months 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?

    • paiva25 profile image
      Author

      Paiva 22 months ago from Goa, india

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

    • profile image

      shakti 22 months 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 22 months ago from Goa, india

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

    • profile image

      Abhijit 21 months 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 ?

    • profile image

      alankar 21 months 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

    • paiva25 profile image
      Author

      Paiva 21 months ago from Goa, india

      Abhijit, Yes you better approach your branch..

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

    • profile image

      alankar 21 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.

      what is the problem actually i dont know

    • profile image

      Dr.Madhusudhan 21 months 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

      Shanoj 20 months ago

      Can I create e-fd without a pan card?

    • profile image

      Ram 20 months 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

      Binod kr singh 19 months ago

      Host to add nominee name in FD.

    • profile image

      manvi 19 months 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

      how i can add nominee in efd 18 months ago

      how i can add nominee in efd

    • profile image

      Parth Vora 18 months 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

      shikha 15 months ago

      what is the maturity instructions?

      which option to be selected while doing FD?

    • profile image

      harish 14 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

      Karthi 14 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

      ramya 13 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

      Balaji 13 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

      sumeet 11 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 ?

    • loanadda-biz profile image

      LoanAdda 11 months ago from New Delhi , india

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

    • profile image

      Aswathy 11 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

    • profile image

      Makbul Ahmad Mev 11 months ago

      How can I add my FD through net banking

    • profile image

      karthik 10 months ago

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

    • profile image

      sri 10 months ago

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

    • profile image

      kumar 9 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

      kumar 9 months ago

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

    • profile image

      kumar00 9 months ago

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

    • profile image

      Anu 9 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

      PRABHAKARA K 9 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

      ajeet 9 months ago

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

    • profile image

      Prathima.K 9 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

      Chandan 9 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

      8 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

      sachin 8 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

      rajesh 8 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

      D kamala 8 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

      Rashmi 8 months ago

      How do i cancel the e STDR under ITSS Scheme

    • profile image

      nik 8 months ago

      do i need pan card update for ETDR.

    • profile image

      Sam 8 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

      suyash 7 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

      kashiram Vichare 7 months ago

      Shall I take print out of FDR ?

    • profile image

      raj 7 months ago

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

    • profile image

      MANOJ KUMAR 6 months ago

      .....

    • profile image

      MANOJ KUMAR 6 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

      pavan 6 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

      sagar 6 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

      Ritu 6 months ago

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

    • profile image

      shyamveer 6 months ago

      35916928521

    • profile image

      Trupti 5 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

      Amol 5 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

      Pranav 5 months ago

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

    • profile image

      RAMNATH DEWANGAN 5 months ago

      is there an option to put nomenee in etdr

    • profile image

      Mohammed Farooq 4 months ago

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

    • profile image

      savinay 4 months ago

      thanx

    • profile image

      Shankar Ratnapagol 4 months ago

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

    • profile image

      Dhimant 4 months ago

      Can I see FD entry in my SBI passbook?

    • profile image

      pragya chaturvedi 3 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

      Kiran 3 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

      Babli Sharma 3 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

      laxmi 2 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

      mohan 2 months ago

      SBI FD under income tax?

    • profile image

      Silky Pine 2 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

      Sudhakar MV 2 months ago

      How to take back the amount from fixed deposit ?

    • profile image

      Amrit kumar Sharma 2 months ago

      Can I use android smart phone for fix deposite

    • profile image

      Munna 8 weeks 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

      Swati S 8 weeks 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

      siddhesh 7 weeks 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

      Kumar 6 weeks 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

      T. Hymavathi 4 weeks ago

      Is this deposit tax free

    • profile image

      Hemraj 11 days ago

      My FD is not showing in Deposit Account Details?

    • profile image

      Manas Ranjan 6 days 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???

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