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.
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.
The digital process allows customers to:
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.
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.
In the annals of Indian history, certain leaders shine brightly, leaving an indelible mark on…
Investments through participatory notes (P-notes) in the Indian capital markets reached a staggering Rs 1.5…
In a collaborative effort, HDFC Bank and Atal Innovation Mission, under NITI Aayog, have empowered…
The Reserve Bank of India (RBI) has announced the lifting of restrictions on Bank of…
Following Deepak Parekh's resignation from the post of Chairman, HDFC Life Insurance appointed Keki Mistry…
Setu, a leading Indian fintech company and part of the Pine Labs Group, has unveiled…