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Axis Bank Encash 24 Flexi Deposit Account

Posted by . Published on 27 May 2023, No Comments Received

The savings account gives approximately 3.5 to 4 % interest in most of the banks. Banks gives sweep in account facility to acquire higher interest on savings account. In axis bank, they provide Encash 24 Flexi Deposit Facility to gain higher interest rate.

Earn more with a linked Savings Account and Fixed Deposit

Fixed Deposit is linked to an existing Savings Account which facilitates automatic transfers in multiples of Rs. 5,000 to a fixed deposit when the balance in the Savings Account crosses Rs. 25,000.

Benefit with a short minimum tenure 6 months only. Enjoy maximum liquidity

  • Money in the fixed deposit can be accessed easily via a cheque or ATM withdrawals
  • This amount is automatically reverse swept from the most recently formed Fixed Deposit in units of Rs 5,000 to the Savings account whenever the Savings Account balance falls below Rs 25,000

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