How to Open State Bank of India Fixed Deposit Account

State Bank of India (SBI) is not only one of the most reputed banks in the country but also provides a wide range of financial services to its customers. One such popular service is the Fixed Deposit.

If you're considering opening an FD account with SBI, this article will guide you through the process, eligibility criteria, and required documents. We will also answer some frequently asked questions related to SBI's FD.

Online Way

• Login to your SBI mobile application.
• Select 'Term Deposit' and proceed.
• Fill in the required details such as personal details, identity and address proof, nominee details, etc.
• Enter the amount of the deposit and select the tenure of FD.
• Enter the One-Time Password (OTP) to proceed further.
• Once it is authorised, the FD account will be opened.
• Download the acknowledgement slip for future reference.

Offline Way

• Visit the nearest SBI branch.
• Take the FD application form.
• Fill in the required details and submit the necessary documents.
• Submit the form to the branch.
• The bank will provide an FD receipt.

• Resident individual
• Hindu undivided family or HUF
• Parents or guardians of minors can invest on behalf of minors.
• Trusts, public and private limited organizations
• Sole proprietorship
• Partnerships
• NRIs are eligible to invest through NRE and NRO accounts only.

Identity Proofs

• Pan card
• Voter ID
• Aadhaar card
• Ration card
• Driving license
• Passport

Address Proofs

• Telephone bill
• Electricity bill
• Passport
• Bank statement
• Two passport-size photographs.