Introducing fixed deposits – with the Scripbox advantage
Looking for fixed deposits for your short-term goals? Scripbox brings you the best of FDs in collaboration with Axis Bank. Get flexible tenure, assured returns and partial withdrawal facility, without the hassle of opening a savings account.
Introducing fixed deposits – with the Scripbox advantage
Looking for fixed deposits for your short-term goals? Scripbox brings you the best of FDs in collaboration with Axis Bank. Get flexible tenure, assured returns and partial withdrawal facility, without the hassle of opening a savings account.
Axis Bank Fixed Deposits
Why is Axis Bank a great partner for fixed deposits?
Here is why you should choose Scripbox
100% Paperless
Multiple Payment Options
Bank Grade Security
One view of wealth
Manage your FDs in the same place as your mutual funds and stocks.
No savings account needed
Open an FD without the hassle of opening a savings account first. Zero extra paperwork.
Asset allocation
See how your FDs are impacting your overall portfolio, in terms of diversification and liquidity.
Assured returns
No matter what, you get the promised amount on maturity.
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Don’t have Scripbox account?
You will be opening an investment account with Scripbox.com India Pvt. Ltd., an AMFI registered mutual fund distributor.
How do you open an FD with Scripbox?
Decide the amount and choose a tenure.
Choose any amount you want between Rs 5000 to Rs 5 Cr and fix a tenure between 6 months to 10 years to open your account with.
Fill in your details.
Complete your KYC process and appoint a nominee for your fixed deposit account.
Complete the payment.
Verify the details and make the payment via your preferred mode – UPI, Netbanking, E-Mandate, etc.
Decide the amount and choose a tenure.
Choose any amount you want between Rs 5000 to Rs 5 Cr and fix a tenure between 6 months to 10 years to open your account with.
Fill in your details.
Complete your KYC process and appoint a nominee for your fixed deposit account.
Complete the payment.
Verify the details and make the payment via your preferred mode – UPI, Netbanking, E-Mandate, etc.
FAQ questions
Is the interest earned on FDs taxable?
Yes, the interest earned on a fixed deposit is taxable under the Income Tax Act, 1961. The tax deducted at source (TDS) by the bank is currently 10%. But that’s it. We don’t levy any surcharge or cess over and above it.
*Will there be a penalty if I withdraw prematurely from my FD?
One of the perks of owning an Axis Bank FD is having the option to withdraw prematurely, in times of need. No penalty will be charged on your first partial withdrawal of up to 25% of the principal amount. However, if you wish to withdraw the full amount from your fixed deposit before maturity, there will be a penalty of 1%.
What is the interest rate on an FD for senior citizens?
For senior citizens, the rate of interest presently is up to 0.65% more than the normal rate, depending on the tenure chosen.
Do I need to have an Axis bank savings account for opening an FD?
No. That’s the best part. When opening an Axis Bank FD on Scripbox, you do not need to open a savings bank account with the bank.
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