Money is the thing for which we all work day and night, it the basic necessity for us to survive in this world. We all have money with us and we all try to increase the amount of money which we have with us by investing it. And when it comes to invest our money somewhere there are number of place where you can invest and get your money almost doubled but the thing is the risk level which is very high these days. If you want to invest your money in Stock market, you can really make good amount of money but the risk level is very high in Stock market if you don’t invest in on the right stocks.
To open a Fixed Deposit with Axis Bank, you will have to submit a duly filled Fixed Deposit application form. Download the Fixed Deposit application form, below. Fixed Deposit Account Opening Form (For Existing Customers) Fixed Deposit Account Opening Form (For New Customers).
But Fixed deposits is the only way where your money will grow with time with risk level which is almost equal to zero. So fixed deposits are very good for us to increase the money we have with us. But if you want to break Fixed deposit in Axis Bank which you have made there and searching online for an article online in which you will find information regarding how you can make premature withdrawal of your fixed deposit. Then you have landed on the right website. Because in this guide you will find information about this.
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But before that I would like to tell you about what is Premature withdrawal actually is? So here is the answer. It is nothing but when you have made a Fixed Deposit for some tenure and you want to withdraw the amount before your fixed deposit gets matured. For example you have made a FD of 1 Lakh INR for a tenure of 12 months (1 Year) and now you want to withdraw your money which which is 1 Lakh INR before 1 year period. This process of withdrawal of money before the actual tenure of FD is called as Premature withdrawal of Fixed Deposit.
So now lets get started with this guide and check out the procedure which you need to follow to break fixed deposit in Axis Bank. The process is very easy and you can do it with few steps, I have mentioned them below.
To:
Branch Manager,
Axis Bank,
Camp, Belgaum
Subject: Premature Withdrawal of Fixed Deposit.
Respected Sir,
I am Subhash Sharma and I had opened a FD in your branch on 01/06/2016 whose tenure was of 1 year but I want to withdraw the money now. My FD Number is 0000-0000-0000 I request you to break my FD and deposit the money to my Savings Bank account Number XXXX-XXXX-XXXX-XXXX.
I have attached the my PAN Card photocopy as my Identity proof with this application.
Regards,
Subhash Sharma
Note: When you break your FD before it tenure is completed, a penalty will be applied to you. You can ask for the penalty amount which is applied on you at your home branch. Some banks don’t apply penalty and some apply it.
Final Words.
So this was all about how you can break fixed deposit in Axis Bank. I hope you are clear with all the steps which I have mentioned in this guide. If you have any kind of doubts you can comment below.
Opening a fixed deposit is really good way to invest your money and get good amount of return for the money you have invested. We all want to be rich and to get rich we need to invest our money to increase the amount of money which we have with us. When it comes to investment there many places where you can invest your money where your money grows, but the main thing is when you invest your money anywhere the first thing you need to check is risk. How much risk are you taking with the money which you have invested there?
We should always check the risk level while investing our money somewhere. And today I will tell you a complete new way where your money will grow with time i.e. you will get good amount of returns for your money which you are investing. But the risk level here is very less! Yes you heard it right the risk level is almost zero here. I am talking about Fixed Deposits. If you are searching online for an article in which you will find information about how to open Fixed deposit in Axis Bank. Then let me tell you that you have been landed on the right website here. Because in this guide on Online Indians you will find how you can open fixed deposit in Axis Bank.
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But before we proceed to the further part of this guide I would like to tell you few things about Fixed Deposits before you open one for you.
So now let us get started with this guide and check out how you can open Fixed deposit in Axis Bank. I have mentioned all the steps which you need to follow, after reading this guide if you have any kind of doubts in your mind you can leave your comment below.
Final Words.
So this was how you can open Fixed Deposit in Axis Bank, I hope you are clear with all the steps which I have mentioned in this guide. As I have already mentioned if you have any doubts you can comment below. I will respond to your comment as soon as possible. And if you want to get assisted quickly you can visit your Axis Bank home branch during working hours. They will assist your with the procedure.