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what is the procedure for opening fixed deposit account in a bank? what are the steps involved?
In Fixed Deposits  -  Asked by Hema Karkera -  2 years ago

Best Answer:
For opening a fixed deposit account with a bank, you need the minimum deposit amount (which varies from bank to bank),which is around Rs. 10,000.
Then, you only have to fill in the fd form and submit it along with certain other documents, & photographs, as required by the bank. These certain documents are usually proof of identity, address, age and signatures.
On opening a fd, the bank will issue a receipt, which is important so you need to keep it at a safe place.
2 years ago - By Madhu Sharma

Other Answers (2)
Answer 1.
There are two ways of opening fixed deposit account. One, you can do it by visiting the bank in person. The process explained by Madhu Sharma for the same is correct. To add to it, some banks have uploaded the forms for opening fd on their websites. You can download it from the 'accounts and deposits' tab or the 'downloads' tab, print and fill it up, then submit it at the nearest branch.

The other way can be used by the existing savings accounts customers of a bank, who have enabled internet banking facility for their accounts. They just have to log-in to their accounts and then make a fd. They can choose the kind of deposit, its tenure and amount on their own.
2 years ago - By Namrata Sinha
Answer 2.
take ur id cards to bank and photo and done ur fd
2 years ago - By Piyush
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