How to Fill SBI FD Form

What is the SBI FD Form?

The SBI FD form is the official application used to open fixed deposit accounts with SBI. This form allows users to choose from:

• Regular Fixed Deposits
• Term Deposits with Reinvestment
• SBI Annuity Deposits
• SBI Tax-saving FDs
• Capital Gains Accounts
• MODS (Multi-Option Deposit Scheme)
• Recurring Deposits

You can download the SBI FD form online from the SBI website or collect it from any SBI branch.

How to Fill SBI FD Form: Step-by-Step Instructions

1. For Existing SBI Customers

   If you're already an SBI Savings account holder, here's how to fill the SBI FD form effectively:

   Section A: Type of Account

   • Step 1: Select the type of FD account: Fixed Deposit, MODS, or others.

   Section B: Mode of Operation

   • Step 2: Choose whether the account will be self-operated, joint, or operated as either or survivor.

   Section D: Deposit Details

   Part 2: MODS Account (Step 3)

   • Select Term Deposit / Term Deposit (Reinvestment).
   • Enter the deposit tenure in years, months, and days.
   • Provide your linked savings/current account number.
   • Choose the reverse sweep method: Last in, first out or First in, first out.

   Part 3: Recurring Deposit (Step 4) 

   • Enter the monthly installment amount.
   • Mention tenure details.
   • Provide the account number to be debited.
   • Indicate the account for TDS deduction.

   Section F: Nominee Information

   • Step 5: Enter the nominee’s name, address, relation, mobile number, and date of birth.

   Section G: Declaration

   • Step 6: Agree to the terms and conditions and declare that the information is correct.

   This section is a live SBI FD form fill-up sample guide to help you fill each field confidently.

2. For New SBI Customers

   If you're not already an SBI customer, you’ll need to submit the ‘know your customer’ (KYC) documents along with your SBI FD form.

   Section A: Personal Details

   • Step 1: Name, DOB, marital status, nationality, occupation, PAN, religion, etc.

   Section B: Contact Info

   • Step 2: Mobile number, email, and residence/office phone numbers.

   Section C: KYC Documents

   Step 3: Submit any one:

   • Aadhaar Card, Voter ID, Driving License, Passport, E-KYC, etc.

   Section D: Address

   • Step 4: Type of address, full postal details, and country of residence.

   Section G: Declaration

   • Step 5: Provide consent for Aadhaar authentication and confirm details.

   If you're unsure, refer to an official SBI FD form fill-up sample for guidance.

Eligibility Criteria

To fill and submit the SBI FD form, ensure you meet these basic criteria:

• Individuals: Indians who live in the country can open SBI FDs for themselves or as the Karta of an HUF.
• Joint accounts: Up to four people, including adults and children with parents, can start an SBI joint account at the same time.
• Minors: SBI Bank FDs can be opened by minors with the help of a legal parent.
• HUFs: SBI FDs can be opened by Hindu Undivided Families (HUFs).
• NRIs: People who are not living in India can open an SBI NRE FD account and an NRO account.
• Legal Entities: SBI FDs can be opened by partnerships, companies, trusts, and groups.
• Others: A business that can open an SBI Bank FD is a sole proprietorship.
• Documents: PAN, identity proof, address proof, passport photo

No complex requirements – just follow the steps listed above for a hassle-free experience.

Features & Benefits of SBI Fixed Deposits

Before filling the SBI FD form, here’s why it’s a worthwhile investment:

• SBI Capital Safety: Savings at Capital receive government bank endorsement for financial security.
• SBI Fixed Returns: The selected investment period comes with guaranteed returns and a higher SBI fixed deposit rate.
• SBI Flexible Tenure: From 7 days to 10 years
• SBI Premature Withdrawal: Allowed with penalty
• SBI Taxation: When the threshold value is exceeded, the taxation policy applies to interest payments requiring TDS deduction. Interest gained on fixed deposit SBI bank FDs is taxable according to your income tax slab and liable to TDS should it be more than ₹50,000 for general citizens (₹1,00,000 for senior persons). Up to ₹1.5 lakh, the principal invested in the SBI Tax Saving Scheme (5-year lock-in) qualifies for deduction under Section 80C.

Even the SBI FD form fill-up sample highlights how user-friendly the process and benefits are.

Conclusion

Filling out the SBI FD form is easy once you know the right steps, whether you do it online or offline. You just need to follow the step-by-step guide that will help you complete the form without any trouble. Filling out the FD form is crucial for booking an FD without any hassle or delay and start earning higher interest from your savings.