If you had opened an FD with SBI and want to close it online, then you are in the right place. In this post, I will tell you how to close FD in SBI Online.
Closing an FD is an easy process. You can do it online as well as in the branch.
When you need to send money to someone online using your SBI account, then the first step is to add a beneficiary.
Beneficiary refers to the person to whom the payment is to be made. You need to enter the details of the beneficiary before money transfer can take place.
SBI Unnati Credit Card is a secured card which means it needs a fixed deposit which becomes its credit line. I needed a credit card recently due to two reasons- one was to use on international transactions and the second reason was to create and maintain my credit score to get better credit cards.
Since an unsecured credit card requires too many formalities like credit score, ITR, previous loans, etc, I thought of getting a secured credit card. Since I had a savings account with State Bank of India, getting a credit card from SBI seemed a great option.
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 an ‘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 2.70% p.a. which can’t beat the rate of inflation. It means customer’s money is depreciating in a savings account.
Recently I had to submit a demand draft(DD) in college for taking admission. The value for which demand draft had to be made was Rs. 55062.
Banks have a rule that you must have to debit money from the account for making demand draft if the value of DD is above Rs. 50,000. This is done for tax purposes.
However, if the demand draft value is less than Rs. 50,000, there is no need for a bank account. You can simply pay by cash in that case.