Yes, you can place an FD with Axis Direct, please find below the process:

1) Credit the ledger by transferring/holding funds from the linked bank account

2) Then give us a request on call (Recorded Line only) or through an E-mail to any of our designated E-mail IDs mentioned in Contact us

3) Once we receive the request we will forward the request to our Finance & Accounts team

4) The limits are added to your account the next day

Terms and Conditions:

1) The minimum amount for an FD is 5.25 crores

2) Our FDs are created only with HDFC bank & the current Rate Of Interest (ROI) is 5% for a maximum of 12 Months.

3) Fixed Deposit Rate (FDR) can be created depending on the availability of buckets in the Bank

4) The interest would be processed in the ledger at the time of maturity

5) Pre Maturity of the FDs are not allowed

6) TDS is applicable @10%

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