Axis Bank enCash 24 Account

POSTED BY Sai ON August 1, 2013 8:03 pm ONE COMMENT

Hi,

Recently i activated enCash 24 feature to my exisiting Axis bank savings account but i would like to know whether this feature is enabled or not.

Can any one please help me how can i know this feature is enabled/not meaning where can i see it on my internet banking account screen?

and also if any FD’s are created by enCash 24 feature is these FD’s can be view in Deposits section?

One reply on this article “Axis Bank enCash 24 Account”

  1. maruti bilgoji says:

    Sai,

    FDs in Axis Encash24 are created on every Monday & in lots of Rs.5K each. Any amount above the limit you had set will be converted into a FD of multiple of 5K.
    Eg if you had set a limit of 35K & had a balance of 50K then a FD of 15K will be created.

    As its not a normal FD it wont appear on the Deposits page.

    This can be viewed via Internet banking through the
    1. go to Investment Tab—> the click “view details” on portfolio summary.

    Maruti

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