How to open FD account in SBI YONO app ?


how to open FD account in SBI YONO app is one of the most asked questions. In this article, I explain to you how to open FD account in SBI YONO app in an easy way through this article. In this article you can walk through the Benefits of opening an FD account in SBI, the Documents required for opening an FD account, how to open an FD account in how to open an FD account in SBI YONO, and How to access an SBI FD account.

The State Bank of India (SBI) is one of the worldwide public sector bank sector banks and legal organizations based in Mumbai, Maharashtra. SBI is the 48th largest bank in the world by total assets and ranks 221st on the Fortune Global 500 list of the world’s largest firms in 2020, making it the only Indian bank on the list. SBI offers services like banking, net banking, mobile banking, loans, broking, and investments for individuals and institutional customers.

What are the Benefits of opening an FD account in SBI

There are many reasons why you should open an FD account with SBI, which are listed below:

  • The SBI offers Fixed Deposit (FD) tenures ranging from 7 days to 10 years
  • The minimum deposit required to start an FD in SBI is ₹1000, but there is no limit on the maximum deposit.
  • In SBI, the Auto renewal facility is available on the Fixed deposit.
  • In SBI Senior citizens can take advantage of a 0.50% extra SBI Fixed Deposit (FD) interest rate for an amount exceeding ₹10,000.
  • In the SBI FD account, a Loan against the FD facility is also available

SBI Bank FD account Rates 2024

TenureRegular customersSenior citizens
7 – 45 days3.50%4.00%
46 – 179 days4.75%5.25%
180 – 210 days5.75%6.25%
211 – 364 days6.00%6.50%
1 year – 1 year 364 days6.80%7.30%
2 years – 2 years 364 days7.00%7.50%
3 years – 4 years 364 days6.75%7.25%
5 years – 10 years6.50%7.50%
400 Days7.10%7.60%

What are the Documents Required for Opening a FD Account in SBI

  • Identity proof (Driving license/ Aadhar card/ Passport)
  • Ration Card
  • Voter ID Card
  • PAN Card
  • Address Proof
  • Income proof (Bank Account Statement)
  • Photocopy of Income Tax Return
  • Bank Account Passbook first Page Photocopy

how to open FD account in SBI YONO app

Follow the below steps to open FD account in SBI YONO App:


Step 1: Download the SBI YONO application from the Play Store or app store according to your mobile.

Step 2: Log in to your SBI YONO application using your Login ID and Password.

Step 3: Go to the “Fixed Deposit (FD)” section under the “Investment” or “Deposits” tab.

Step 4: Select the fixed deposit type that you want to open.

Step 5: Choose a cumulative deposit or Non-cumulative deposit and select the maturity date.

Step 6: Enter the deposit amount, tenure, nominee, and other necessary details.

Step 7: After that verify everything is correct or not.

Step 8: Then one OTP will sent to your registered mobile number.

Step 9: Accept all terms and conditions and click on the “Submit” button.

Step 10: After all this process your FD is created successfully.

Conclusion:

In conclusion, Creating a Fixed Deposit (FD) account with SBI using the YONO app provides ease and a variety of perks. SBI offers a wide range of financial needs with flexible tenure choices, reasonable interest rates, and extra features such as auto-renewal and loans against fixed deposits. Customers may easily construct an FD using the YONO app, increasing their banking experience with SBI.

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