Now SBI account holders open online FD account with net banking and save tax, find out.
This is good news for State Bank of India (SBI) customers. The State Bank of India has recently raised interest rates on Bank Fixed Deposits (FDs). The move comes after several major private and state-owned banks raised interest rates on fixed deposits. SBI has informed that the revised rates will be applicable on fixed deposits of more than 2 years. Revised rates apply to FD investments of less than Rs. 2 crore. Investors can also avail tax benefits along with other fixed maturity long term deposit schemes. However, investors should keep in mind that if the FD account closes before the maturity period, they will not get any interest benefit.
These are the best investment options.
SBI offers its customers better investment options such as Fixed Deposits, Recurring Deposits and Savings Accounts, among others, which offer secure returns with tax benefits. Investment options are great for investors who plan to take low risk to secure their future or meet their financial goals. For example, SBI offers FD accounts with a lock-in period of five years.
Learn how to open SBI FD account online through Net Banking.
Step 1: Log on to the official SBI Net Banking Portal.
Step 2: Go to the ‘Fixed Deposit’ tab and click on the ‘e-TDR / ESTDR FD’ button.
Step 3: Select the ‘e-TDR / eSTDR FD’ option.
Step 4: Select the ‘Proceed’ button.
Step 5: In this step you have to select FD account. You will also need to select the amount of investment.
Step 6: Read the terms and conditions carefully and accept them after fully understanding them.
Step 7: Finally, click on ‘Submit’ option to open your SBI Tax Savings Fixed Deposit (FD).