Axis Bank to offer digital dollar FDs from Gift City

Mumbai: Axis Bank, has introduced digital US dollar Fixed Deposit for NRI (non-resident Indian) customers at Axis Bank IBU- GIFT City. This is the first such digital account to be offered from the International Finance Center.

NRI customers of the private bank can use the lenders ‘Open by Axis Bank’ mobile app to book dollar-denominated FDs in an end-to-end digital manner irrespective of their location.

The US Dollar FDs have a wide range of investment tenures from seven days up to ten years Customers can also request partial or full pre-mature closure of the FD from the Axis Bank mobile application.

Vivek Gupta, President & Head – Wholesale Banking Products, Axis Bank said that the new product would help the bank attract retail NRI customers to the bank’s our GIFT City IFSC Banking Unit (IBU)’s. “The IBU’s digital US Dollar FD will enable NRI customer’s multiple options of tenure and interest rates to choose from and they can be assured of high-quality service from the IBU’s dedicated team,” said Gupta.