Digital Investing Made Simple: Your Roadmap to Opening an FD Account Online

For the uninitiated, here's a simple guide on what you should do to open an FD account online. do to open an

Step 1: Research Comes First

The first step in opening a fixed deposit is to research different financial institutions and their offerings. Look for FD service providers that offer competitive interest rates and flexible terms. By comparing the options available, you can make an informed decision about where to invest your money.

Step 2: Log in or Create a New Account

If you already have an account with the bank where you want to open an FD, simply log in to your online banking portal. If you are a new customer, create a new account by providing your personal details.

Step 3: Select Online Fixed Deposit or Digital Fixed Deposit

Once logged in, navigate to the bank's portal and look for Digital or Online Fixed Deposit tab. This will typically be located under the "Deposits" section.

Step 4: Fill out Required Fields

Click on the "Fixed Deposit" option and fill out all the required fields. These may include details such as:

• Type of FD (Tax Saver, Regular FD, etc.)
• Tenure (the duration for which you want to invest)
• Aadhaar details
• PAN details
• Personal details
• Nominee (the person who will receive the deposit in case of your absence)
• Amount (the sum you wish to invest) 

Note: Video KYC is mandatory. Ensure you have your original Aadhaar, PAN and your signature on a white paper ready, before you connect on Video KYC.

Step 5: Double-Check and Confirm Details

Double-check all the details you have entered before submitting your application. Ensure that the tenure, amount, and nominee details are accurate.

Step 6: Make the Payment

Once you have confirmed all the details, proceed to make the payment using net banking or any other available online payment method. Keep a record of the receipt for future reference.

You can apply for Digital FD in 5 easy steps:

Step 1: Enter your mobile number, PAN and Aadhar

Step 2: Enter deposit details and complete the payment

Step 3: Provide personal details

Step 4: Complete Video KYC (between 8 am - 8 pm)

Step 5: Receive FD receipt

Complete these steps and start growing your savings.