Axis Bank launches digital US dollar fixed deposits for NRIs at GIFT City

Axis Bank on Monday (March 26) announced the introduction of digital US dollar fixed deposit for non-residential Indian (NRI) customers at Axis Bank IBU- GIFT City. With this introduction, Axis Bank said it becomes the first bank to offer a digital journey for GIFT City Deposits.

NRI customers of Axis Bank can now open US dollar Fixed Deposits at GIFT City through ‘Open by Axis Bank’; the mobile banking application of Axis Bank.

The US Dollar fixed deposit offers investment tenures ranging 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, “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.”