Digital US Dollar FDs for NRIs by Axis Bank

Digital Investing for NRIs by Axis Bank

Axis Bank, a prominent private sector bank in India, has unveiled a groundbreaking initiative by introducing Digital US Dollar Fixed Deposits for its NRI clientele at Axis Bank IBU- GIFT City.

Through the Open by Axis Bank mobile banking application, NRI customers now have seamless access to open US Dollar Fixed Deposits at GIFT City, streamlining the process with an end-to-end digital solution and eliminating the need for cumbersome paperwork.

Digital US Dollar FD’s..

With competitive interest rates, Axis Bank offers NRIs an attractive investment opportunity with its US Dollar fixed deposit, offering a diverse range of investment tenures spanning from seven days to ten years.

Additionally, customers have the flexibility to request partial or full premature closure of their FDs directly through the Axis Bank mobile application.

Vivek Gupta, President & Head of Wholesale Banking Products at Axis Bank, emphasized the bank’s commitment to bolstering its presence in GIFT City, aligning with the government’s vision to establish it as a premier financial services hub for global investors.

Arjun Chowdhry, Group Executive & Head of Affluent Banking, NRI, Cards & Payments at Axis Bank, highlighted the bank’s dedication to OPEN banking and its continuous investment in digital-first products, underscoring the significance of providing a seamless banking experience for NRI customers.

This innovative proposition not only enhances customer convenience by eliminating physical documentation but also ensures a secure investment avenue with attractive interest rates and a wide range of tenures, solidifying Axis Bank’s position as a leader in digital banking innovation.

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