New: Axis Bank Non-callable FD
Moneylife Digital Team 10 July 2015
Will it entice savers?
 
Axis Bank is the first bank to launch non-callable fixed-deposits (FD). Reserve Bank of India (RBI) had come out with the norms allowing banks to offer differential rates on FDs. Regular FDs allows premature withdrawal after seven days with or without a penalty depending on the bank. Non-callable deposits do not allow premature withdrawal. Axis Bank's 'Fixed Deposit...
Archived Premium Content
This article is outside your subscription period. You can buy this article individually.
SINGLE ARTICLE
Rs 50-Rs 100 + GST
Access will be given ONLY to this article.
 
Get access to complete archives
Rs 5000 + GST
 
 
Already a subscriber ? Log in
Free Helpline
Legal Credit
Feedback