Payments and Withdrawal

A payout account is where your fixed deposit investments will be credited upon maturity. This is the account where you will receive your money back.

No, the payout account should belong to you. We do not allow the use of another person’s account for payout. Please use an account that is in your name.

Click on the Search tab, enter your bank name, and you will be able to select your bank to add as the payout account for your fixed deposit.

Your payout account must be an active bank account for us to credit the money on maturity or withdrawal. If your bank status is inactive, either add another active bank account or check with your bank regarding your account status.

We verify your bank account by transferring INR 1. This verification process might result in an SMS from your bank informing you about the credit.

Retry after some time or use a different bank account.

If your payment fails and the amount is deducted, it will be refunded within 2-4 working days. You can place another request for an FD if you are still interested.

Third-party limit error: Check your daily online transaction limit in your net banking, as exceeding this limit will cause the transaction to fail. UPI limit error: UPI transactions have a daily limit of Rs 1 lakh. Ensure you are not exceeding this limit. Bank connection error: Sometimes the connection to your bank’s page or UPI app page may break during payment, causing the transaction to fail.

Your money is safe. If you haven’t received the refund within 7 working days, check your bank account statement for refund transactions and ensure 7 working days have passed.

Click on “Go to Dashboard” to track your FDs in the Pending Investments tab.

For premature withdrawal, the interest rate applicable will be for the tenure the FD was maintained. A penalty rate will also apply, and the net off penalty rate will be the applicable interest rate.

You will receive your money within 2 working days after successfully placing withdrawal instructions to the account details provided during the FD booking process.

No, there are no withdrawal processing charges.

You will receive an SMS or notification from the bank regarding the crediting of money in your account. The FD booking will be automatically removed post-withdrawal.

Yes, you can prematurely withdraw your Fixed Deposit with Axis Bank and Utkarsh Bank once the lock-in period is completed.