How to Open an FD Account Online Step by Step Guide for First Time Investors

A Fixed Deposit (FD) is one of the safest and most popular investment options for Indian investors, especially those looking for guaranteed returns and capital protection. With digital banking transforming personal finance, you can now open an FD account online—without stepping into a branch.

In this guide, we’ll walk you through the entire process of opening a digital FD, along with eligibility, documents, and pro tips for first-time investors.

What is an Online FD Account?

A digital FD works just like a regular fixed deposit, but it’s opened entirely online. You can open it using your any savings account via UPI, internet banking. The entire process is paperless, instant, and secure.

If you already have a savings account with Utkarsh Small Finance Bank, you can open a digital FD through Net Banking or Mobile Banking.

Why Choose an Online FD?

• Safe & risk-free returns
• Higher interest than savings account
• Flexible tenure (7 days to 10 years)
• Instant booking from anywhere, 24x7
• Auto-renewal & premature withdrawal options
• No paperwork -open FD in minutes
• Open FD without Saving Account

Step-by-Step: How to Open an FD Account Online

If You’re an Existing Savings Account Holder:

• Login to your Net Banking or Mobile App
  • Use your Customer ID and Password/M-PIN.
• Navigate to Fixed Deposits Section
  • Tap on “Start FD” or “Open a New Fixed Deposit”.
• Enter Deposit Details
  • Amount to deposit
  • Tenure (in months/days/years)
  • Interest payout preference: cumulative or periodic (monthly/quarterly)
• Choose Nominee (Optional)
  •  You can add a nominee for your FD.
• Review & Confirm
  •  Cross-check all details and confirm.
• FD Confirmation Slip Issued
  • You’ll get a digital confirmation instantly via SMS/email.

If You’re a New Customer:

• Visit the Digital FD Page - Click on “Apply Now”.
• Complete Online KYC - Enter your Aadhaar, PAN, and complete Video KYC.
• Fund Your FD Account - Use UPI, or net banking to transfer the FD amount.
• FD Account Confirmation - Once processed, your FD account details are shared instantly.

Documents Required for Online FD

• PAN card
• Aadhaar card (linked to mobile number)
• Aadhaar Linked Mobile Number for OTP
• For new customers: Video KYC

Eligibility to Open FD Online

*Senior citizens often get additional interest rate benefits. Check the FD Interest Rates for latest offers.

Things to Consider Before Opening an Online FD

• Compare FD interest rates across tenures before investing
• Check lock-in period and penalty for premature withdrawal
• Make use of auto-renewal option if long-term investment is your goal
• Verify if your interest income crosses ₹40,000, as TDS could be deducted.

Benefits of FD with Utkarsh Small Finance Bank

• Attractive interest rates (up to 8.15% p.a. for senior citizens)
• Easy online FD booking
• Flexible tenure options
• Premature withdrawal
• Safe and secure platform with RBI-regulated operations
   

Explore FD options with Utkarsh Small Finance Bank.

Open a Digital Fixed Deposit Online – Quick, Paperless & Secure!

Final Thoughts

Whether you're a first-time investor or looking for a safe short-term parking option for your funds, Utkarsh Small Finance Bank’s Digital Fixed Deposit is a smart and reliable choice. With instant setup, no paperwork, and stable returns, it’s a must-have in every investor’s portfolio.

Ready to invest smartly?

Click here to start your Utkarsh Digital FD instantly