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Credit Line on Fixed Deposit
Credit Line on Fixed Deposit
How to check the interest calculated on my Credit Line account?
Interest will be calculated on the last day of the month, same will be available on the Axis Bank Mobile banking Application.
How do I link my availed credit line to UPI?
To link your availed credit line to UPI, please follow the simple steps below - 1. Open any UPI app 2. Click on "Payment Methods" > "Add Credit Line" 3. Select "Axis Bank" 4. Enter the 6 digit Pin and the expiry date (received at the time of disbursement) 5. Set this account as...
What is the eligibility of the Credit Line?
Below are the eligbility criteria for availing a Secured FIxed Deposit based credit line on UPI You are an Indian resident with 18+ years of age You reside in India while opening the account You should have a valid Pan and Aadhaar card Your mobile number is linked to Aadhaar car...
Is there any risk in Digital FD?
No, there is no risk in Digital FDs, as these are non market-linked instruments, which means that the returns they provide do not depend on movement in the capital market. Since intrest rate on digital FD is pre-fixed there is no element of surprise or risk. In other words, what...
What is creditline on Fixed Deposit?
A credit line on a Fixed Deposit from Axis Bank allows you to meet your cash requirements without liquidating your fixed deposits. You can avail up to 85% of the value of your fixed deposit as a loan, ensuring you continue to earn interest on the full amount and avoid any penalti...
How do I make repayments towards my OD account?
To make repayments towards your OD accounts you could use any of the following methods: a. Mobile Banking: The amount will get credited within 2 working days. b. Through any other bank account: Raise an NEFT with below mentioned details: c. By Cheque: Drop boxes are available at...
What is the date of interest repayment of the Credit Line account?
The interest of the Credit Line account should be paid on the first day of every month.
What is minimum and maximum Credit Line limit?
The minimum Credit Line limit is Rs.25000 and the maximum Credit Line limit is Rs.500000.
How should I close the Fixed Deposit?
To close your Fixed Deposit, please contact Axis Bank customer service through this link.
Why am I not eligible for the Credit Line?
Eligibility for the Credit Line is determined by Axis Bank. For further details, please contact Axis Bank customer service through this link.
