View the list of fixed deposits and apply for a new one

This guide provides a clear overview of the steps to apply for a fixed deposit (FD) via Internet banking. Please note the following user roles:

• Owner: Can create a FD application, approve, or delete it.
• Maker: Can create a FD application and submit it for approval.
• Authorizer: Can approve or delete submissions.
• All roles: Can view the list of deposits and their details.

Step 1 – Viewing the list of fixed deposits

Click the ‘Fixed deposits’ tab in the left menu. On the ‘Fixed deposits’ page, there are two tabs: ‘Active’ and ‘Closed’.

• The ‘Active’ tab contains all active deposits and deposits pending approval opened via Internet banking or at the branch.

• The ‘Closed’ tab contains all closed deposits opened via Internet banking or at the branch.

Click on a fixed deposit from the list to view all its details.

Step 2 – Opening a new fixed deposit

Click the ‘Fixed deposits’ tab in the left menu, then click the ‘Open FD’ button in the top-right corner.

Privileges: Maker / Owner

Step 3 – Filling out the application form

• Choose the payment account from which funds will be transferred to open the fixed deposit.
• Enter the deposit amount.
• Enter the tenure.
• Choose the deposit closure type:

1. Autoclosure - When your FD matures, it is closed automatically and the proceeds (principal + interest) are credited to your current account.

2. Auto-rollover (principal) - Upon maturity, your FD is automatically renewed. The original principal is reinvested for a new term, while the interest earned is transferred to your current account.

3. Auto-rollover (principal+interest) - Upon maturity, your FD is automatically renewed for a new term. The entire maturity amount, including both the principal and the interest, is reinvested.

Notes:

• Interest is always paid out on the maturity date.
• The signature date is the date on which a user with the Authorizer role approves your FD application.
• The maturity date is calculated automatically based on the entered tenure and signature date.
• There is a 1% charge for premature closure.
• On premature withdrawal, interest is calculated for the actual tenure at the lower of the rate for the original tenure and the rate for the actual tenure, as per the rate slab effective on the date of booking/renewal, and then reduced by a 1% penalty.
• Premature closure and partial withdrawal can be processed only at the branch.

Privileges: Maker / Owner

Step 4 – Reviewing interest and taxes

After filling out all mandatory fields in the application form, you will see the interest rate, interest amount, taxes, net interest to be paid and maturity amount.

To view all fixed deposit rates, click the ‘all tariffs’ button or follow the link: https://sberbank.co.in/tariffs-and-conditions

Notes:

• A 10% tax applies to interest on online deposits. For exemption, please visit a branch.
• Interest to be paid = Interest amount – Taxes

If your company is a sole proprietorship or one-person company, add nominee details by checking the ‘Add nominee’ box.

After filling in the details of the nominee, click the ‘Next’ button. You can add up to 4 nominees.

To add a new one, click the ‘Add new’ button, fill in their details and select the inheritance type – subsequent or proportional.

If you select 'subsequent', you can change the order of nominees by dragging and dropping them.

If you select 'proportional', then set the proportion for each nominee.

Privileges: Maker / Owner

Step 5 – Submitting for approval

If you agree with all terms and conditions, click the ‘Send for approval’ button. The status will change to ‘Pending approval’.

Privileges: Maker / Owner

Step 6 – Approving or deleting a FD application

Open the ‘Active’ tab and click on the FD application with the status ‘Pending approval’. Check all details and click the ‘Approve’ or ‘Delete’ button.

• Once you click ‘Approve’, you need to read the Terms and Conditions, accept them if you agree, and enter the OTP sent to your registered mobile number.

The FD application will be submitted to the bank and opened with the status ‘Active’.

• If you click ‘Delete’, the application will not be submitted to the bank and will be removed from the list. A user with maker privileges should create a new deposit.

Privileges: Authorizer / Ownerr