SBI (State Bank of India) Fixed Deposits HELP needed (Please take some time and do reply)?



I have a Savings account with SBI. It is linked with an online SBI account, i.e. I can view all my savings bank account details, PPF account details, Fixed deposits details etc through internet.

My question is:

If I open a FIxed deposit online with the e-STDR facility, for lets say 3 years, how will I receive the money on maturity?

Lets say I deposit Rs 50,000 and am supposed to get Rs 62000 after 3 years. Then will these Rs 62000 be deposited to my account directly or do I have to go to the bank to claim the money after 3 years?

Also Since the interest earned per year is less that Rs. 10,000, so I do not have to fill any form 15G right? Also I am not eligible for TDS on this Rs 12,000 interest? right?

Also though my question is for SBI but I hope the same answers will be true for HDFC etc as well.Please correct me if not..

Thanks a ton. Please take some time and do reply….

SBI (State Bank of India) Fixed Deposits HELP needed (Please take some time and do reply)?
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3 Replies to “SBI (State Bank of India) Fixed Deposits HELP needed (Please take some time and do reply)?”


  1. Since you have a savings account , you can ask them to credit your account.

    TDS is not deducted. This does not mean it is tax free. You are supposed to add the interest income to your gross income and pay tax accordingly.






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