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

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The thing that defines a fixed deposit is that the amount invested or deposited cannot be withdrawn until it reaches it's maturity date (date till which it was made for).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

Comments 109 comments

Easakimuthu 3 years ago

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


paiva25 profile image

paiva25 3 years ago from Goa, india Author

Nope...


Deepak 3 years ago

What is TDR/STDR???


web user 3 years ago

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


paiva25 profile image

paiva25 3 years ago from Goa, india Author

Yes if you create the Flexi FD...


PANKU 3 years ago

What is TDR/STDR???


Ravi 3 years ago

Hi,

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

Thnaks!


Deepu 2 years ago

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


paiva25 profile image

paiva25 2 years ago from Goa, india Author

No...you need an account.


monoj 2 years ago

what is the maximum amount to be deposited in online FD


paiva25 profile image

paiva25 2 years ago from Goa, india Author

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


amit sharma 2 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

paiva25 2 years ago from Goa, india Author

It can be generated online..


raghavendra 2 years ago

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


paiva25 profile image

paiva25 2 years ago from Goa, india Author

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


pradeep 2 years ago

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


Akhil 2 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

paiva25 2 years ago from Goa, india Author

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


aman 2 years ago

How can I change maturing instructions in between of tdr?


paiva25 profile image

paiva25 2 years ago from Goa, india Author

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


paiva25 profile image

paiva25 2 years ago from Goa, india Author

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)


sudipta sil 2 years ago

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


paiva25 profile image

paiva25 2 years ago from Goa, india Author

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


yogeshwar 2 years ago

is pan card a pre requsite for creating an FD?

ad can we open multiple FD s?


paiva25 profile image

paiva25 2 years ago from Goa, india Author

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


JAGADESH 2 years ago

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


paiva25 profile image

paiva25 2 years ago from Goa, india Author

Yes and yes to both your questions Jagadesh..


Yatin Parikh 2 years ago

any document sumited in bank


Biswajit 2 years ago

By using student a/c can I open FD


paiva25 profile image

paiva25 2 years ago from Goa, india Author

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


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?


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?


pranab 2 years ago

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


paiva25 profile image

paiva25 2 years ago from Goa, india Author

@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.


shashadhar prusty 2 years ago

Dear sir,

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

is it through mail ?


paiva25 profile image

paiva25 2 years ago from Goa, india Author

You don't get any slip..


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.


Lee 2 years ago

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


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

paiva25 2 years ago from Goa, india Author

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

@kezi: The minimum period is now 1 year.


skdking 22 months 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

paiva25 22 months ago from Goa, india Author

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


Mainak 22 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?


Prathamesh 22 months 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.


pavan 21 months ago

how can i deposit money into fixed deposit bank account online


paiva25 profile image

paiva25 21 months ago from Goa, india Author

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


vijay 21 months ago

what is the minimum maturity period of fd


piya 19 months ago

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


priya 19 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.


Kavya 19 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...


Rohit 19 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

paiva25 19 months ago from Goa, india Author

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


shakti 18 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

paiva25 18 months ago from Goa, india Author

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


Abhijit 18 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 ?


alankar 18 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

paiva25 17 months ago from Goa, india Author

Abhijit, Yes you better approach your branch..

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


alankar 17 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


Dr.Madhusudhan 17 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.


Shanoj 17 months ago

Can I create e-fd without a pan card?


Ram 16 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?


Binod kr singh 16 months ago

Host to add nominee name in FD.


manvi 16 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?


how i can add nominee in efd 15 months ago

how i can add nominee in efd


Parth Vora 14 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?


shikha 11 months ago

what is the maturity instructions?

which option to be selected while doing FD?


harish 11 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?


Karthi 10 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."


ramya 9 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?


Balaji 9 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)


sumeet 8 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-biz 7 months ago from New Delhi , india

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


Aswathy 7 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


Makbul Ahmad Mev 7 months ago

How can I add my FD through net banking


karthik 7 months ago

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


sri 7 months ago

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


kumar 6 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.


kumar 6 months ago

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


kumar00 6 months ago

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


Anu 6 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?


PRABHAKARA K 6 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


ajeet 6 months ago

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


Prathima.K 5 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.


Chandan 5 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?


5 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.


sachin 4 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??


rajesh 4 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.


D kamala 4 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.


Rashmi 4 months ago

How do i cancel the e STDR under ITSS Scheme


nik 4 months ago

do i need pan card update for ETDR.


Sam 4 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.


suyash 4 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 ??


kashiram Vichare 3 months ago

Shall I take print out of FDR ?


raj 3 months ago

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


MANOJ KUMAR 3 months ago

.....


MANOJ KUMAR 3 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.


pavan 3 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


sagar 2 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.


Ritu 2 months ago

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


shyamveer 2 months ago

35916928521


Trupti 2 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.


Amol 2 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?


Pranav 2 months ago

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


RAMNATH DEWANGAN 7 weeks ago

is there an option to put nomenee in etdr


Mohammed Farooq 4 weeks ago

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


savinay 4 weeks ago

thanx


Shankar Ratnapagol 3 weeks ago

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


Dhimant 2 weeks ago

Can I see FD entry in my SBI passbook?


pragya chaturvedi 9 days 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

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