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Credit Line on Fixed Deposit
Credit Line on Fixed Deposit
Can the repayment to the Credit Line UPI ID be done via any other UPI ID?
Yes, the repayment to the Credit Line UPI ID be done via any other UPI ID. Other modes of transfer includes NEFT, RTGS, IMPS etc.
How should I close the Credit line account?
You can close your credit line account by clearing all outstanding dues and submitting a request at any Axis Bank branch.
Are P2P (Person to Person) transactions allowed via Credit Line?
Only P2M (Person to Merchants) transactions are allowed. Transactions with high-risk vendors (like gambling / gold purchase / bitcoin / trading apps) through UPI is restricted.
How to check my Credit Line account details?
You can check the details of your Credit Line account on the Axis bank Mobile banking Application.
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 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...
Are there any charges for Credit Line on UPI?
For credit disbursement and charges, refer Key Fact Statement (KFS) issued at the time of credit onboarding.
Can I foreclose or repay my overdraftamount in Secured Creditline on UPI?
Yes, by clearing all outstanding dues and submitting a request at any Axis Bank branch.
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...
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.
