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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

Customers can book Recurring Fixed Deposit through any of our channels as mentioned below:

Internet Banking:

Step I

Login in to Internet Banking and select the deposit option. To login, click here.

Step II

Click on Create Recurring Fixed Deposit

Step III

Fill in the required account and nominee details

Step IV

On confirmation, the selected amount will be debited from your savings account and your Fixed Deposit will be created instantly. You would get a web receipt of the Recurring Fixed Deposit booked instantly. 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 V

Post creation, the Recurring 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 Recurring Fixed Deposit advice in Internet Banking after one working day of deposit booking

Mobile Banking:

Step I

Login in to Mobile Banking and select the deposit option

Step II

Select Open RD

Step III

Fill in the required account and nominee details

Step IV

On confirmation, the selected amount will be debited from your savings account and your Fixed Deposit will be created instantly. You would get a web receipt of the Recurring Fixed Deposit booked instantly. 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 V

Post creation, the Recurring 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 Recurring Fixed Deposit advice in Internet Banking after one working day of deposit booking

Branch:

Customer can visit to their nearest Axis Bank branch to open Recurring Fixed Deposit

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