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Deposits

Recurring Deposits

Build your savings bit by bit through regular monthly deposits

 

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Investment Amount

Monthly installments of minimum Rs. 500 and above in multiples of Rs. 500 thereof

Tenure

Minimum - 6 months
Maximum - 10 years

Save Regularly

Build your savings through fixed monthly deposits

eDGE Loyalty Rewards

Earn up to 300 eDGE Loyalty Reward points when you open a Recurring Deposit of Rs.2000 or more

Features and Benefits

Step I

Log to internet banking and go to accounts section, deposits. Select Create Reccuring Deposit option. To login to Internet Banking, click here.

Step II

Fill in the required account and nominee details and accept terms and conditions.

Step III

On confirmation, the selected amount will be debited from your selected savings account and you will get a web receipt of the Recurring Deposit booked. The value date for opening of the deposit and the rate applicable will be as per the date of request i.e. the day on which the savings account is debited.

Step IV

Post creation, the Fixed Deposit Advice will be mailed to your registered e-mail id if you are registered for e-statement and if not registered for e-statements, Physical advice will be dispatched to your communication address. You will be able to also view the Fixed Deposit in iConnect immediately post booking of deposit.

Note: For preferential and Senior Citizen Fixed Deposits, please contact your nearest Axis Bank Branch

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