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Product Details
Bank Name

Axis Bank

Eligibility

Account should be opended in the name of an Indian resident.

Interest Rate

3 to 7.75%

Tenure

7 Days to 10 Years

Fixed Deposit Type

Digital

Digital Fixed Deposit

Digital Fixed Deposit

Tax Benefits

None

Credit Ratings

Crisil AA+/Crisil AAA

Interest Payment Frequency

At maturity, or regular payout depending upon the choice opted by the customer. Typically for fixed deposits having interest payment at maturity, compound interest is applicable and for fixed deposits having monthly interest payment, simple interest is applicable. Typically fixed deposits having a tenure of one year or less, simple interest is applicable. It is best to consult the bank officials before you book a fixed deposit.

Cummulative/Non-Cummulative

Both

Features

1. Open FD with full KYC without any documentation 2. Fully digital end-to-end account opening process done in 7 minutes using video KYC and basic details 3. Open your Digital FD with any bank’s Savings Account

Minimum Investment Amount

INR 5000

Fees and Charges
Pros
  • Competitive Interest Rates

  • Loan against the deposit.

  • Tenure ranging from 7 days to 10 years.

  • No paperwork is required to open a digital deposit.

Cons

None

Pros & Cons
Account Opening and Procedure
How to Open?

You can open the FD online by visting the website https://www.axisbank.com/

Application Procedure

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