It is now extremely simple to make online fixed deposits (or term deposits) if you have 'transactions enabled' internet banking for your State Bank of India Savingws Account.
Step 1) Login to your SBI Account using your username and password.
Step 2) Click on "Requests" tab as shown below.
Step 3) Choose from an option of Term deposit (i.e fixed deposit) or Recurring Deposit or another saving Account. Then Click on Submit. Next page you see is something like this
Step 4) Enter your choices, make sure you have enough money in your account and hooray ! you are done. You will however have to visit your branch (after a day or two) to collect the 'advice' or the fixed deposit or recurring deposit certificate.
The request takes one or two days to process. After being processed, you will see a 'separate entry' of your term deposit account on the main page after logging in on your internet banking page. This process avoids the trouble of having to stand in queues or sometimes having to visit your branch twice, once for opening the term deposit account and then for collecting the certificate.