Digital FD Account: A Comprehensive Guide to Easy Online Investment

Are you willing to invest in FD? Then this article is for you. Ahead of the festive season, Axis Bank gives you a great opportunity. According to Axis Bank, in digital FD, you get a guaranteed return like a normal FD.

Like normal FDs, digital FDs offer you the maximum tenure of up to 10 years to invest, and you are offered the same interest rate as you are given on a normal FD. For those who want to earn better profits with secured investments, this is a great option for them. 

Axis Bank FD

According to Axis Bank, one can invest in digital funds very easily. You do not need a savings account for this. If your savings account is in another bank, you can still invest in this FD.

You don’t need a lot of paperwork to invest in digital FDs. For this, you just need to have an Aadhaar card and PAN card.

FD account in 7 minutes

According to Axis Bank, the process of investing in it is so simple that even new customers can open a digital FD account in just 7 minutes. But there is nothing like this in Axis Bank’s digital FD.

There is no penalty for withdrawing a maximum of 25 percent of the deposited amount for the first time.

If you want to start a digital FD in banks like Axis Bank and IDFC FIRST Bank, then it does not require a huge amount of money.

You can open a digital FD account with less than Rs 5000. The maximum limit for investing is different in different banks.