It is important to note that the Union Budget 2015 has expanded the definition of Term deposits to include Recurring Deposits as well and modified the interest exemption limit of Rs. 10,000/- per Branch to read as Rs.10,000/- per “Bank” wef 01/06/15. TDS liability would now be determined based on the total interest accrued for all deposits tagged to the Customers’ CIF ID, if the exemption limits of some customers are breached (despite submission of the Forms 15G/ H), would be liable for deduction of tax
Axis Bank does not send any email/SMS requests for your Internet Banking Login ID, Password, Credit/Debit card numbers, Bank account numbers, or seek such sensitive information, including NET SECURE code over phone. If you do receive a message of this type or telephonic call that appears to be from Axis Bank, or related to an Axis Bank product or service, please do not respond. Send a copy of the message and any related details to firstname.lastname@example.org.
Axis Bank shall not be responsible for misuse of your account, as a result of compromise of credentials on your part.