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Axis Bank Encash 24 Flexi Deposit Account

Axis bank encash 24 is a flexi deposit account facility provided by Axis bank to their savings account holder to obtain high-interest rate on savings account.

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 25Article Search,000

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Article Tags: Axis Bank, Flexi Deposit, Savings Account, Fixed Deposit

Source: Free Articles from ArticlesFactory.com

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