How to Open an FD Online
Book an FD in minutes through net banking, mobile app or video KYC — steps, documents, and how to open an FD without a savings account.
Updated 30 September 2026 · 25 banks trackedWhat you need to know
All major banks let existing customers open an FD instantly through net banking or the mobile app, with money debited from the linked savings account. New customers can often open an FD through video KYC, and many small finance bank FDs are also available through fintech platforms that partner with the bank.
Steps — existing customers
- Log inOpen net banking or the bank’s app.
- Choose “Open Deposit”Select fixed deposit and the type (cumulative / payout / tax-saver).
- Enter detailsAmount, tenure, payout frequency, maturity instruction (renew or credit) and nominee.
- ConfirmAuthorise with OTP; the FD advice is emailed and shown in the app.
Documents for new customers
- PAN card (or Form 60)
- Aadhaar for e-KYC or video KYC
- Recent photograph / live selfie
- Bank account for funding and maturity credit
Safety checklist
- Book FDs only on the bank’s official website/app or a platform named as its partner.
- Check that the FD is in your name and shows in the bank’s own app after booking.
- Never share OTPs over phone calls; banks never ask for them.
Frequently asked questions
Is an online FD different from a branch FD?
No, the rate and rules are the same; some banks allow a lower minimum online.
Can I close an online FD online?
Yes, most banks allow premature closure through net banking, with the usual penalty.
Information is for education and comparison. Rates and rules change — confirm with your bank and a tax adviser before investing. FinancePortal is not a financial or tax adviser.