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Credit Line on Fixed Deposit
Credit Line on Fixed Deposit
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.
Are there any penalty charges if the due date of the interest payment is missed?
No, there is no penalty if the due date of the interest payment is missed.
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 the Interest Rate (ROI) of credit line?
The interest rate (ROI) for the Credit Line is 2% higher than the interest rate (ROI) for the fixed deposit.
How should I close the Fixed Deposit?
To close your Fixed Deposit, please contact Axis Bank customer service through this link.
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.
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...
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.
