Digital Investing Made Simple: Your Roadmap to Opening an FD Account Online
Disclaimer: Opening an FD with Ujjivan SFB may vary based on the bank's internal policies & framework. Kindly contact the bank if you have any queries regarding opening an FD online or at bank branch.
July 06, 2024
Beat the queue and open an FD online in few easy steps. Thanks to digital banking, you can now open a fixed deposit account from anywhere. The entire process is extremely simple, straight-forward, 100% online and safe; all you need is a proper Internet connection.
Step-By-Step Guide: Opening an FD 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.
Eligibility Criteria for Opening an FD Online:
To open an FD online, you must meet the following criteria:
- Nationality: Indian resident
- Aged: 18 years or above
- Valid PAN and Aadhar card.
- Your mobile number should be linked to your Aadhaar card
However, opening a digital fixed deposit account with Ujjivan SFB is far simpler. Let's understand how you can apply for Ujjivan SFB Digital Fixed Deposit.
Steps to Open Ujjivan SFB Digital FD
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.
Final Thoughts
Choosing the best FD plan requires careful consideration of various factors such as interest rates, credibility of the institution, maturity amount, and penalty charges. Sign up for an FD that's aligned with your financial aspirations.
Looking to grow your savings? Ujjivan SFB offers a wide range of fixed deposit products. Select the FD of your choice and take a step forward to your financial goals. Alternatively, you can browse through Ujjivan SFB product suite - our wide range of financial products are designed to make your financial life better.
Disclaimer:
The contents herein are only for informational purposes and generic in nature. The content does not amount to an offer, invitation or solicitation of any kind to buy or sell, and are not intended to create any legal rights or obligations. This information is subject to updation, completion, amendment and verification without notice. The contents herein are also subject to other product-specific terms and conditions, as well as any applicable third-party terms and conditions, for which Ujjivan Small Finance Bank assumes no responsibility or liability.
Nothing contained herein is intended to constitute financial, investment, legal, tax, or any other professional advice or opinion. Please obtain professional advice before making investment or any other decisions. Any investment decisions that may be made by the you shall be at your own sole discretion, independent analysis and evaluation of the risks involved. The use of any information set out in this document is entirely at the user’s own risk. Ujjivan Small Finance Bank Limited makes no representation or warranty, express or implied, as to the accuracy and completeness for any information herein. The Bank disclaims any and all liability for any loss or damage (direct, indirect, consequential, or otherwise) incurred by you due to use of or due to investment, product application decisions made by you on the basis of the contents herein. While the information is prepared in good faith from sources deemed reliable (including public sources), the Bank disclaims any liability with respect to accuracy of information or any error or omission or any loss or damage incurred by anyone in reliance on the contents herein, in any manner whatsoever.
To know more about Ujjivan Small Finance Bank Products Visit:"https://www.ujjivansfb.bank.in"
All intellectual property rights, including copyrights, trademarks, and other proprietary rights, pertaining to the content and materials displayed herein, belong
to Ujjivan Small Finance Bank Limited or its licensors. Unauthorised use or misuse of any intellectual property, or other content displayed herein is strictly prohibited and the same is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would (by reason of that person’s nationality, residence or otherwise) be contrary to law or registration or would subject Ujjivan Small Finance Bank Limited or its affiliates to any licensing or registration requirements.
