How to Open FD Account On Groww? Earn High Return on Investment

Are you planning to open an FD but not sure where to open an FD account? Groww, an investment platform in stock and mutual funds has made it simple for you. Now, you don't need to visit the bank physically to open an FD for a high return on your investment. Groww allows the customers to open and earn a high rate of interest with multiple options of banks FD within the Groww app. To open an FD with Groww, all you need is an account on Groww and valid required information and documents.

Fixed Deposit on Groww Offers

• High Rate of Interest
• Zero Hassle in account opening
• 100% secure! Bank FDs are insured up to Rs 5 Lakh By the RBI
• You get multiple FD options within Groww App

How To Start With The Groww FD Account?

Step 1. Select the bank of your choice on the app available there. You can also search the name of the bank in the search bar.

Step 2. Click Proceed after entering the FD amount. The funds will be credited to your principal bank account upon maturity. Now, click 'Continue.' to proceed further.

(Please note that the primary bank account is the one that will be debited for the FD payment.)

Note- Minimum amount is 5,000

Step 3. Fill in your essential information, such as your annual salary range, occupation, education level, and mother's name. Once you've filled the correct details in the provided fields, click next.

Step 4. Additional information, such as your mother's maiden name and birth city, should be entered.

Step 5. The next step is to fill in the nominee's information. If the account holder is unavailable, the nominee is contacted. If the account holder dies, the nominee can make choices about the account. To continue, click Next.

Step 6. You can invest in a fixed deposit after providing all of the relevant information. You will only be asked for the above information once during the first onboarding process, and you will not have to submit it again! To continue, click 'Explore FD.'

Step 7. After that, type in your Aadhaar number. Please note that to proceed, your Aadhaar must be linked to your mobile number.

Step 8. An OTP will be given to the registered cellphone number associated with your Aadhaar, which you must input to continue.

Note-Don't refresh as it will disrupt the verification process

Step 9. After completing the verification, you'll be directed to the payment process. To finish the procedure, you can use any of the available payment methods.

As you reached step 9 and completing it with all the correct information and without any hassle, you FD is ready!

On the same screen, you'll get a message that states 'deposit order initiated.' On the dashboard, click the 'track my order' tab to see the progress of your order. With this, your FD on Groww with your choice of the bank has been opened.