Axis Bank introduces digital opening of US dollar FDs for NRIs at GIFT City
Business StandardAxis Bank on Tuesday announced the introduction of digital US dollar fixed deposit for NRI customers at the IFSC Banking Unit at GIFT City, Gujarat. NRI customers of the bank can now open US dollar fixed deposits at GIFT City through 'Open by Axis Bank'; the mobile banking application of the lender, it said. This offering simplifies the process of booking US dollar Fixed Deposit for NRI customers, by providing them an end-to-end digital paperless solution and eliminating the need for physical documentation, it said. The US Dollar fixed deposit also offers a wide range of investment tenures from seven days up to ten years, it said, adding customers can also request partial or full premature closure of the FD from the Axis Bank mobile application.