Team Blitz India
AXIS Bank on March 26 announced the launch of digital US dollar fixed deposits (FD) tailored for NonResident Indian (NRI) customers at the IFSC Banking Unit (IBU) at GIFT City, Gujarat.
The bank’s NRI clientele can now initiate US dollar fixed deposits through ‘Open by Axis Bank,’ the mobile banking application offered by the lender.
This streamlines the process of securing US dollar Fixed Deposits for NRI customers, offering them an end-to-end digital paperless solution, removing the requirement for physical documentation.
Moreover, in addition to the convenience of initiating an FD account anytime, from anywhere, customers can efficiently monitor and manage their FD digitally, the bank said. With attractive interest rates, Axis Bank provides NRIs with one of the best investment opportunities, it added.
The US Dollar fixed deposit scheme offers a diverse array of investment tenures ranging from seven days to an extensive ten years, according to the bank. Additionally, customers retain the flexibility to request partial or full premature closure of their FD through the Axis Bank mobile application, enhancing their control and convenience over their investments.
