123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Investing---Finance >> View Article

Easy Steps To Open A Fd Account Now

By Author: Neha Sharma
Total Articles: 1093

A fixed deposit is an essential financial tool that can be used to increase assets over time. However, prior to generating returns on the investment, one has to open such an account with a bank. Such an account can be opened both online and offline. Here is the procedure that needs to follow in case one is trying to invest in a fixed deposit.

How to open online FD account?

With the emergence of the internet, people can easily visit the online webpage of their banks and elect to open an FD account from there. In the fixed deposit related section of the webpage, the banks offer an online form to the customers. You need to fill up the entire form and submit it. Once submitted, you will receive an email from the bank, where the completed form is attached.

Take a print out of the completed form. A representative from the bank in question will contact you shortly and fix an appointment for the collection of the application along with the other documents needed for opening such an account. Alternatively, you can also elect to visit the nearest branch of the bank and submit the documents there yourself.
Before submission, ensure that you have signed the printed out application form. Paste your photograph in the appropriate slot as indicated in the form.

Finally, keep a photo identification handy for the completion of the procedure. Aadhaar card and PAN card may be the most preferable ID in such a case.
Submit the documents along with a CTS compliant cheque so that the funds are cleared faster. This ends the online procedure for creating an FD account.

How to open offline FD account?

If you do not have access to the internet or want to complete the procedure manually, you can visit a branch of the bank itself. Once you are in the bank enquire on how to open an FD account. The staff will provide you with the application form. You have to fill it up and submit the required documents to the bank to open the account.

The CTS compliant cheque, which carries the FD amount can also be handed over to the bank alongside the completed form and documents. Once the cheque clears, the FD account will be created. In some cases, the offline method is faster when compared to the online procedure. However, before opening the account, one should ensure that they are aware of the interest rates offered by the bank. Conduct research to select the best fixed deposit investment.

Author Bio:- Neha Sharma is a finance student who loves to write in her free time. She has spent considerable time researching about the EMI calculator and why is it important to calculate the EMI. Through her work, she provides valuable information on the types of fixed deposit account in the country.

Total Views: 30Word Count: 470See All articles From Author

Investing / Finance Articles

1. How Solar Energy Cost Reduction Help A Company In Benchmarking
Author: Dylan Munro

2. 5 Ways In Which A Financial Advisor Can Help You Achieve Your Financial Goals
Author: Rinku Mishra

3. House Construction Cum Construction Loan For Bkhata Property Call 9008133998 / 9964563600
Author: Reena

4. Jobless Loans With No Guarantor – Get Your Money Through An Easy Way
Author: harry robert

5. How Money Unions Capacities With Edmonton Bad Credit Car Loans?
Author: harry robert

6. 5 Best Options To Get An Instant Approval Against Calgary Bad Credit Loans
Author: harry robert

7. How Do You Qualify For A Bridge Loan Quick?
Author: harry robert

8. Best Online Cash Advance Is An Instantaneous Remedy To Urgent Monetary Requirements
Author: harry robert

9. Silver Is Better Than Gold For Investment
Author: Shivam Verma

10. Construction Loan For Bkhata Property 9008133998
Author: Reena

11. Credit Cards In India
Author: Eric Jaison

12. Commercial Business Loans
Author: Eric Jaison

13. Online Xpress Loan
Author: Eric Jaison

14. Loan For Home Construction For B Khata Property
Author: Reena

15. Features Of A Transient Loan That You Should Know
Author: David Brown

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: