I hereby give my consent to and agree and authorize Axis Bank Ltd. to fetch my personal details from UIDAI. I hereby state that I have no objection in authenticating myself with Aadhaar based authentication system and I voluntarily consent to providing my Aadhaar Number, Biometric and/or (One Time Pin) OTP data (and/or any similar authentication mechanism) for Aadhaar Based authentication for the purpose of availing the Banking Service from Axis Bank.
I understand that the Biometric and/or (One Time Pin) OTP and/or any other authentication data I may provide for authentication shall be used only for authenticating my identity through Aadhaar Authentication system for that specific transaction or as per requirement of law and for no other purposes. . I confirm that I have been informed about the alternatives to submission of identity information and I have agreed to authenticate myself through Aadhaar based authentication system with full understanding of alternatives to submission of identity information. I understand that Axis Bank shall ensure security and confidentiality of my personal identity data provided for the purpose Aadhaar based authentication.
I authorize Axis Bank to verify and authenticate my Aadhaar for the purpose of availing the Banking Service from Axis Bank. I further authorize the Bank to share my Aadhaar related details/information with regulatory /statutory bodies as and when required.
I submit my Aadhaar number and voluntarily give my consent to: Use my Aadhaar Details and authenticate myself through Aadhaar based authentication system for the purpose of establishing my identity. Use my Registered Mobile Number in the bank records for sending SMS alerts to me. Link the Aadhaar Number to all my existing/new/future accounts and customer profile (CIF) with Axis Bank.
I understand that my information submitted to the Bank herewith shall not be used for any purpose other than mentioned above.
I hereby declare that all the above information voluntarily furnished by me is true, correct and complete.
The bank may disclose information about customer's account, if required or permitted by law, rule or regulations, or at the request of any public or regulatory authority or if such disclosure is required for the purpose of preventing frauds, or in public interest, without specific consent of the account holder/s.
I hereby declare that the maturity payout account provided by me at the time of account opening are my own account details.
Any Resident Indian who is 18 years and above who provides his/her details in the Digital application for opening ASAP Digital FD account offered by Axis Bank Limited is a Customer
By visiting the ASAP Digital FD– Apply Now link and sharing all information, customer consents to provide his/her name, contact details and other information on an at will basis with Bank.
Customer authorizes Axis Bank to call on the given number to explain the features of the product and marketing.
Bank shall not be liable for any connectivity/ signal/ data issues leading to non-completion or wrong/false/incomplete information being provided by the customer leading to the incompletion of his/her application.
The customer herewith agrees to provide his/ her valid Aadhaar number and valid PAN Card details. He/she understands that opening an account is subject to correct, complete and accurate information is provided.
Customer agrees that upon successful OTP validation of Aadhaar, the name of the customer in the account will be the same name as appearing in his/her Aadhaar Card
Application once submitted cannot be withdrawn by the customer. Bank shall not be liable to pay for any costs (technical/ data plan related or otherwise) incurred by the customer in the course of the downloading or sharing of his/her details on the application.
The customer herewith agrees to provide the accurate documentation and information as listed in the app for the purpose of account opening. Customer understands and agrees that failure to provide requisite documentation and information shall result in rejection of application by the Bank. The customer agrees that Bank has every right to reject the account opening application, if there is any erroneous, incomplete or misleading information provided by the customer or for any other reason whatsoever with/without assigning any reason or if KYC documents submitted do not comply with the KYC norms of the Bank.
This account opening process is also not available for customers who are FATCA reportable. Such customers are requested to approach the branch and to comply with requirement of opening an account.
Bank reserves the right to take necessary action, legal or otherwise, if it finds any wilful modification/ withholding of information or misrepresentation by the customer.
Customers, who would like to deposit funds using the funding facility available in the ASAP Digital FD, can do so only from their own bank account and not from a Third Party Bank account. Bank shall be at liberty to refuse to open the accounts funded from a Third Party Bank account at its sole discretion.
Customer understands and agrees that interest on the amount funded online will be paid subject to successful activation of the ASAP Digital FD account and only from the date when the funds has been credited into the account.
The customer hereby understands and agrees that incase funds are received and the ASAP Digital FD account does not get created, no interest will be paid till 7 days.
The customer shall not enjoy the services provided by the bank unless the customer on-boarding process is complete.
Customer declares and confirms that the Bank shall be entitled to rely on all/any communication, information and details provided on the electronic form and all such communications, information and details shall be final and legally binding on the Customer.
Customer understands and confirms that the Bank has every right to close or debit freeze the account, if the details provided by him/her are found to be inaccurate, incorrect or false by the Bank or for any other reason whatsoever without assigning any reason thereof. In such an event, the bank shall not be liable to pay any interest on the amount of deposit & the refund of amount deposited in the account will be refunded to the source account/or issue a Demand Draft to the Customer. In such an event, bank will retain the documents / Photographs (if any) and any other signed document submitted.
This application is available for Resident Indian Individuals only.
Customer gives consent to the Bank to fetch his/her demographic details from Unique Identification Authority of India (UIDAI), using biometric authentication which will be used for KYC purposes. The demographic details include name, DOB, Father’s Name, gender, address and photograph. Customer further consents to the Bank to fetch his/her contact details from UIDAI which includes the contact number and email ID.
Customer authorizes the Bank to link the Aadhar number provided by them with the ASAP Digital FD account opened by them under this process.
The Bank reserves the right to hold the accounts in Debit Freeze or close the Account even after account activation in case of any discrepancy found as part of regular monitoring and document verification activities.
The customer agrees to provide the necessary details (Mobile, Email etc.,) as per his/her requirement at the time of submission of details through the app. Bank shall not bear any liability for any loss arising out of customer’s failure to do so.
The customer herewith agrees to be contacted by the bank to receive information in respect of account maintenance, alerts, payments due, updates on existing and new products, servicing of account for sales, marketing or servicing their relationship with Axis Bank Limited and its group companies / associates or agents through Telephone / Mobile / SMS / Email etc. Further he/she understands that the consent to receive calls / communications shall be valid and shall prevail over their current or any subsequent registration of their mobile number for NDNC and shall continue to be treated as customer consent / acceptance.
The customer herewith agrees that if the application is rejected, Bank will retain the documents / Photographs and any other signed document submitted by the customer on the Web app or otherwise.
Customer confirms to have read, understood and will be bound to/ abide by the Terms and Conditions of account opening and the general terms applicable to account as available on Axis Bank’s website.
The customer agrees that such an account will be subject to regular scrutiny and monitoring from the bank and bank shall reserve the right to completely freeze/debit freeze/ close the account at its sole discretion.
I hereby declare that the details furnished above are true and correct to the best of my/our knowledge and belief and I undertake to inform you of any changes therein, immediately. In case any of the above information is found to be false or untrue or misleading or misrepresenting, I am aware that I may be held liable for it.
My personal / KYC details may be shared with Central KYC Registry
I hereby consent to receiving information from Central KYC Registry through SMS/Email on the registered number/email address.
The customer hereby agrees that the maturity amount will be credited to his account within 3 working days from his maturity date.
If the credit to the customer’s repayment account on maturity or premature withdrawal fails, the bank will issue a demand draft and the same can be collected by the customer from the home branch
For ASAP Digital FD: The Fixed Deposit will be opened as a regular FD, with the holding pattern MOP as “Self”
ASAP Digital FD will be opened with Interest Compounding facility only
In case the Nominee is a minor, please specify the name of the guardian. I further confirm that if you fail to submit the physical copy of the form the choice made online shall be binding on us
I hereby authorize you to act upon my/our instruction regarding nomination, cancellation or variation of the nomination of the Fixed/Recurring/FCNR Deposit (given through various modes). I shall not hold the bank responsible should any claim be raised against the Bank for acting on the instruction of nomination and the Bank does suffer any loss I will keep it indemnified from time to time
For customers who have opted to receive e-statements, we will now be sending an e-advice on the registered email address for any new Term deposit booked henceforth instead of a physical advice.
The Fixed/Recurring/FCNR Deposit (given through various modes)cannot be pledged as security for any loan or obligation from any other Bank, financial institution or individual.
In case of loss of Fixed Deposit Advice I shall satisfy AXIS Bank and indemnify it for any cause or consequence arising out of issuing of a duplicate receipt. I understand AXIS Bank may recover a nominal charge for issuing a duplicate receipt as per its then prevalent schedule of charges.
Tax at source is deducted as per the Income Tax regulations prevalent from time to time.
It is advisable for a customer to add a nominee to his/her FD account with the bank. In the event of the account holder’s death the nominee is entitled to receive the FD amount (premature or post maturity) from the bank. A facility is provided to the customers to add a nominee to the FD account application with an option to skip the nominee addition. Customer understands and agrees to the importance of having a nominee and may choose not to add a nominee for the FD account, purely at his/her own discretion.
Where the deposit is held singly and premature withdrawal is required by the nominee in the event of death of the deposit holder:
In the event of the account holder’s death, the nominee named for the deposit is entitled to prematurely withdraw the said deposit. At the request of the nominees Axis Bank may allow premature withdrawal without seeking the concurrence of the account holder’s legal heirs subject to applicable laws. The account holder further affirms that payment of the proceeds of such deposit to the nominee represents a valid discharge of Axis bank's liability.
The Bank reserves the right to cancel the Customer ID and Account Number (A/C) allotted to the customer, if the customer does not complete the verification process within the allotted time.
The Customer herewith undertakes to complete his full KYC by undertaking a video based KYC validation process.
The Customer undertakes to complete video KYC process within 72 hours of initiation of application/post funding and in case of his/her failure to complete the same for any reason whatsoever Bank shall have exclusive discretion to close his/her account and the amount deposited by Customer for funding the account would be refunded into the bank account/debit card/upi address used by the Customer in the initial funding transaction process.
Customer understands and agrees that failure to complete any of the processes by the customer for opening ASAP Digital FD within a period of 6(six) days shall result in an automatic rejection of application for opening ASAP Digital FD.
Customer understands and agrees that upon failure to complete video KYC process and/or rejection/expiry of application for opening ASAP Digital FD for whatsoever reason, Bank shall refund the initial funding amount deposited by the Customer within 3-7 working days of the Bank.
The Customer agrees that if her/ his balance in the account will be put under a total freeze, till such time the Customer completes the full Video KYC process and fulfills the internal audit requirements. In case of account being put under total freeze, the customer agrees that principal amount on such deposits kept along with the interest accrued (if any) will be payable to him only upon completing his Video KYC process and successful internal audit.
The Customer agree and undertake that if Customer could not complete his/her Video KYC validation process or the said process if dropped midway due to technical, systematic or server errors/issues or other operational issues in that case Customer will be permitted to complete Video KYC process again to enable the Customer to have his/her account opening process completed. Customer also agrees and undertakes that even if Customer completes his/her Video KYC process for account opening but Bank unable to access the KYC validation data/information collected under Video KYC process due to some technical, systematic or server errors/issues, or any other issue which are beyond the control of the Bank, in that case Bank has exclusive right to ask Customer to visit its nearest branch or RM for undertaking physical KYC validation process for completion of his/her account opening process.
Customer understands and agrees that the ASAP Digital FD creation is subject to successful processing of customer’s online payment for FD funding and successful receipt of the clear funds by the bank. The time duration for processing of the customer online payments for FD funding can vary based on the payment gateway arrangement by the bank. The time duration for the customer’s online payment can also vary based on payment gateway arrangement with the bank for ASAP Digital FD product. The FD creation date will be the date of receipt of clear funds by bank.
Rates are subject to change without any prior notice
I/We will ensure that any update/change in any information or documents provided by me/us in future is intimated/ informed to the Bank promptly, i.e., within 30 days from the date of change.
