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

Axis Bank Fixed Deposits

Why is Axis Bank a great partner for fixed deposits?

Higher interest rates

Compared to other top banks, Axis Bank provides a higher interest rate on FDs

Partial withdrawal

Withdraw upto 25% of the principal amount in times of need, without any penalty.*

Senior citizen benefit

Senior citizens earn up to 0.75% more interest on their deposits.

Assured by RBI

Your deposits up to Rs. 5 L are secured by RBI, backed by the DICGC insurance scheme.

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.

At least 8 characters with a mix of numbers and symbols

Year of Birth

Your information is safe & secure

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%.