QUESTION IS THAT I WANT TO DO FIX DEPOSIT IN sbi PL guide me that can it be done online and secondly, is there is chance of increasing the interest rates on the FD, AFTER new budget will come or should i submitt on FD with out the waiting of increase on the interest rates. At present SBI giving 9% on FD at 2 years.
Answer1: There are 2 option in online
a. Under account opening section you can select the open new account and select the option of open Term Deposit. After you do this you hvae to visit the branch and they will give you the certificate for FD. This option is as if you are filling the FD requirement online but you still hvae to visit the brach to collect the certificate. Also in case you want to cancel the certificate you have to visit the branch again.
b. Secton option is called e-TDR/e-STDR. In this option you dont have to visit the brach at all. This can also be opened online. The advantage of this is that in case you wantto cancel the FD /renew you dont have to visit the brach.
Answer2: I cant comment on where th eintrest rates going but what you can do is invest half the amount now and save half for next 3-4 months.