Auto Fixed Deposit
At Axis Bank, we understand that saving up to invest in a Fixed Deposit may result in you spending the money instead. Axis Bank’s Auto Fixed Deposit links the existing Savings Account to the Fixed Deposit. This facilitates automatic transfer of money in multiples of Rs. 5,000 to a Fixed Deposit when the balance in the Savings Account crosses Rs. 25,000. With Auto Fixed Deposit, you can open a Fixed Deposit for a maximum tenure of 5 years or avail short term benefit with a minimum tenure of 6 months.
Automatic Deposits
Short Minimum Tenure
Easy Fund Liquidation
Auto Renewal of Deposits
Features and Benefits
Earn more with a linked Savings Account and Fixed Deposit
Fixed Deposit is linked to an existing Savings Account which facilitates automatic transfers in multiples of Rs. 5,000 to a fixed deposit when the balance in the Savings Account crosses Rs. 25,000
Enjoy Benefits with a Short Minimum Tenure
6 months only
Enjoy maximum liquidity
- Money in the fixed deposit can be accessed easily via a cheque or ATM withdrawals
- This amount is automatically reverse swept from the most recently formed Fixed Deposit in units of Rs 5,000 to the Savings account whenever the Savings Account balance falls below Rs 25,000
The criteria of eligibility, to be able to avail the Auto Fixed Deposit, requires you to be an existing Savings Account holder. You must also have a valid PAN card. Submitting the details of your PAN at the time of application is mandatory to avail the facility.
Documents required for Auto Fixed Deposit
In addition to the above you will have to submit the AUTO Fixed Deposit Declaration Form that you can download from the link provided below. You will have to submit the completed application form and all the documents for Auto Fixed Deposit at your nearest Axis Bank branch to avail the facility.
To apply for Auto Fixed Deposit, you need to submit the Auto Fixed Deposit Declaration Form with all the necessary documents at your nearest Axis Bank branch. You can download the Auto Fixed Deposit application form below.