Steps involved for opening a term deposit online:
Please log into your account through I-connect and select the option Fixed Deposit Request under the Fixed Deposits Menu on the left hand side panel.
Fill in the details with respect to the account to be debited, amount of Fixed Deposit, tenure, mode of repayment, and the type of Fixed Deposit etc. as per the options provided. Nomination facility for the Fixed Deposit has also been provided for and it is advisable that you name a nominee for the Fixed Deposit that you intend to create.
On confirming the transaction by clicking on ‘Submit’, the amount mentioned will be debited from your savings account selected and you would get a web receipt of the Fixed Deposit booked. The value date for opening of the deposit and the rate applicable will be as per the date of request i.e the day on which the savings account is debited.
Post FD creation the Fixed Deposit receipt will be dispatched to your communication address and you will be able to view the Fixed deposit in I-connect after 4 working days.