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Credit Line on Fixed Deposit
Credit Line on Fixed Deposit
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.
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...
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.
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.
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...
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...
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.
