If you are SBI account holder, you can use the net banking platform to open an e-fixed deposit at the click of a button. SBI customers can choose from the wide range of FD options and open one that best suits their interests.
Use an online FD interest calculator before opening an FD account to calculate the maturity value and interest rate on an SBI FD. This can be done online by entering the principal amount, tenure, rate of interest, and type of interest payout option.
|Deposit Amount:||Rs.1 lakh|
|Rate of Interest:||4.40%|
|Total Interest Earned:||Rs.6,398|
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Use an FD calculator to know the maturity amount and total interest earned on an SBI FD. For example, if you invest Rs.1 lakh for a period of 1 year at an interest rate of 4.40%, the maturity value will be Rs.1,04,473. The total interest earned will be Rs.4,473. The interest is compounded on a quarterly basis.
TDR, is expanded as Term Deposit, while STDR is expanded as Special Term Deposit. In an STDR deposit the interest is paid only at the time of maturity but in a TDR deposit the interest is paid at selected regular intervals.
The minimum tenure for TDR deposits is 7 days and the minimum tenure for STDR deposits is 180 days.
The minimum principal amount that needs to be invested is Rs.1,000.
No. New customers will have to first have an internet banking account to open an fixed deposit online. Prospective customers will therefore have to request for an internet banking account to open an FD online.
Yes. This can be done by following the stepwise process to open an FD online.
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