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...
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