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How to open a Recurring Deposit online at SBI ?


Date: 30 Jun 2015    Group: Computers & Smart Devices    Category: Smartphones   

My friend is an SBI account holder. I would like to know the step by step process to open a recurring deposit online at State Bank of India. He has net banking account. How to open a RD online? How will I receive the account passbook? Please share relevant information if anybody knows it.

Planning to open an SBI online RD account? Find out the correct procedure to do so from our experts.


Author: Timmappa Kamat    02 Jul 2015      Member Level: Platinum     Points : 7  (Rs 7)    Voting Score: 0

You need to have registered for the internet banking facility from SBI to be able to open an RD online.
Here are the steps involved -

1. Login to your account on onlinesbi.com.

2. Navigate to e-fixed deposit tab.

3. On left hand side, click on e-RD/e-SBI flexi deposit.

4. Select the radio button for e-RD and click on Proceed.

5. Select your debit account, enter the values for the amount and tenure.

6. Select what would you want to do with the amount on maturity. Selecting Payback principal and interest will mean your proceeds will be credited to your designated account after maturity, while Convert to STDR will mean the proceeds will be deposited in a fixed deposit. If you select the second option, you will need to specify the period for which you want to open the fixed deposit.

7. Click on Submit.

Done! You have successfully opened a RD account online in SBI.





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