Now you can open online FD in SBI in 2 minutes, Check step by step process

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Opening a fixed deposit (FD) account with the State Bank of India (SBI) has become easier than ever with the introduction of online FD services. SBI now allows customers to open an FD account conveniently from the comfort of their own homes or on the go, saving them time and effort. The online FD opening process is designed to be quick and user-friendly, taking just a few minutes to complete. In this article, we will outline the step-by-step process for opening an FD account online with SBI, enabling individuals to take advantage of this efficient and hassle-free method. By following these steps, customers can experience the convenience of opening an FD account in just two minutes, allowing them to manage their finances with ease.

How to open online FD in SBI through YONO App?

Time needed: 5 minutes

Follow steps below to open FD online in SBI

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  1. Step 1

    Download and install the YONO app on your smartphone.

  2. Step 2

    Log in to the app with your SBI account details.

  3. Step 3

    Go to the “Deposits” tab and click on “Open Fixed Deposit”.

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  4. Step 4

    Enter the amount you want to deposit and select the account number from which you want to deduct the amount.

  5. Step 5

    If you want to open a tax saving deposit account, tick the box asking “Do you want your Fixed Deposit to be Tax Saver Fixed Deposit?”.

  6. Step 6

    Specify the tenure in years, months, and days.

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  7. Step 7

    Select the interest payout option (quarterly or at maturity).

  8. Step 8

    Specify what you want to do with the maturity amount (credit to account or renew principal and repay interest).

  9. Step 9

    Review the details of your FD and enter nominee details if you want to have a nominee for your FD.

  10. Step 10

    Select “I have read and agreed to the Terms & Conditions” and click “Confirm”.

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