Axis Bank Launches Digital US Dollar Fixed Deposits for NRIs at GIFT City

Axis Bank has announced the introduction of digital US dollar fixed deposits (FDs) for NRI customers at the IFSC Banking Unit (IBU) at GIFT City, Gujarat. The bank has become the first to offer a digital journey for opening deposits at GIFT City.

Digital, Paperless Process through Mobile Banking App

NRI customers of Axis Bank can now open US dollar fixed deposits at GIFT City through the bank’s mobile banking application, ‘Open by Axis Bank’. This offering provides an end-to-end digital paperless solution, eliminating the need for physical documentation.

Seamless Experience and Attractive Interest Rates

The digital process allows customers to:

• Seamlessly open an FD account anytime, from anywhere
• Track and manage their FD digitally
• Request partial or full premature closure of the FD from the mobile app

Axis Bank provides NRIs with attractive interest rates and a wide range of investment tenures from seven days up to ten years, making it one of the best investment opportunities.

Simplifying the Process for NRI Customers

According to the bank, this offering simplifies the process of booking US dollar fixed deposits for NRI customers, providing them with a convenient and hassle-free experience.

By introducing digital US dollar fixed deposits at GIFT City, Axis Bank aims to cater to the growing demand for digital banking services among NRI customers, while also leveraging the opportunities presented by the IFSC Banking Unit at GIFT City.