How to Open a Fixed Deposit Online in SBI using Internet Banking
This post tells you how you can open a fixed deposit or FD account online in SBI using Internet banking. Basically you need to have Internet Banking enabled on your SBI savings account to open a fixed deposit online. If you don't have Internet Banking enabled, just go to your SBI branch and ask them for a 'Online SBI Registration Form'. Fill the form and they will give an envelope containing your Username and Password. The interest rate given on savings account in SBI is just 4% which can't beat rate of inflation. It means customer's money is depreciating in savings account. In this case, FD can prove to be a better investment which gives interest in the range of 5.50% to 7.75% depending on the duration of investment. The duration of FD can be 7 days to 10 years.