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: 1170

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: 46Word Count: 470See All articles From Author

Investing / Finance Articles

1. Advantages Of Export Documentation
Author: Laural Smith

2. Option Trading - A Free Style Of Trading In India
Author: Mahendra Rajput

3. How Stock Market Advisory Firms Are Helpful In Trading
Author: rajveervyas

4. Fundamental Analysis Of A Company
Author: Aniket Vichare

5. Important Factors To Know About The Sme Loan
Author: Manish Damani

6. Buy A Perfect Refrigerator On Emi This Summer
Author: Meenal Wahi is involved in finance and loan manage

7. Services From Vat Consultants
Author: Nidan Narkhade

8. Financial Consultant A Must For Every Business Set Up
Author: Aastha Kapoor

9. Things You Should And Should Not Do While Making An Investment In The Stock Market (for Beginners)
Author: Stella Ross

10. Earn Profit From Sureshot Commodity Tips Provided By Ripples Advisory
Author: Riyanshi Tanwar

11. Get Online And Accurate Mcx Free Tips And Nifty Option Tips
Author: Sandy Allen

12. Cash Trading In Stock Market
Author: Mahendra Rajput

13. Find The Best Fund To Invest In Sip Now
Author: Jignesh Shah

14. Indiakaloan-loan Against Property
Author: ranjeet kumar

15. What Is The Future Of Cryptocurrencies?
Author: Feelium

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