Is it safe to put money in Axis Bank?

Axis Bank’s Fixed Deposit (FD) is a safe and convenient way to see your savings grow. Open a Fixed Deposit online with Axis Bank and save a minimum of Rs. 5,000 for a flexible tenure starting from a minimum of 7 days to a maximum of 10 years. It provides easy transfers from your savings account to your Fixed Deposit.

Is Axis Bank a stable bank?

Like other large banks in India, Axis’ deposit franchise has proven resilient through difficult operating conditions, including the failure of Yes Bank in 2020. The bank’s stable funding and liquidity profile benefits from its retail-oriented and local-currency dominated deposit franchise and wide reach.

Is Axis bank safe in India?

Axis Bank awarded for the Best Security among Private Sector Banks in India by Data Security Council of India (DSCI).

Is Axis Bank a problem?

A pandemic close on the heels of an adverse corporate loan cycle has stretched Axis Bank Ltd’s asset quality problems. The private sector lender had to set aside 75\% of its operating profit as provisions in the December quarter, which meant that its net profit dropped 36\% from the year-ago period.

Is Axis Bank PPF safe?

The PPF scheme is framed under the PPF Act of 1968, and is a Government-backed long-term saving scheme. Hence, PPF is one of the safest investment instruments ––– the money invested in a PPF account remains safely yours for life! Rs 500 p.a. Rs 1,50,000 p.a.

What is the rating of Axis Bank?

Axis Bank Limited

What is the rating of Canara Bank?

Canara Bank advanced 3.67\% to Rs 237.20 after ICRA upgraded the rating of bank’s Basel-III Tier-II bonds worth Rs 7900 crore to ‘ICRA AAA (Stable)’ from ‘ICRA AA+(hyb) (Stable)’.

Is Axis Bank is a good bank?

Axis Bank has achieved consistent growth and stable asset quality with a 5 year CAGR (2009-13) 37\% in Net Profit with a balance sheet size of Rs. The Bank has a network of 2225 branches and extension counters and 11796 ATMs and 7 International countries.

What went wrong with Axis?

Axis Bank’s numbers were disappointing on several fronts. Be it loan growth, margins, slippages, the cost-income ratio and finally return on assets – all were inferior to larger peers. Return on assets, at 1.2\% (annualised) for second quarter of FY22, was 60–80 basis points lower than larger peers.

How can I block my Axis Bank debit card?

Block Your Debit Card

1. SMS ‘BLOCKCARD ‘ and send it to 5676782 or +919717000002.
2. Call on our Emergency Helpline Number +91-22-67987700; our Customer Service Executive will assist you.
3. Login to your Internet Banking account and select ‘Block Card’ option in the Debit Cards section.
4. Login to Axis Mobile App.

Is Axis Bank Quora safe?

Axis bank is a big strong pvt bank. If you fear any risk, go for a big nationalised bank. It is safe bank. Axis Bank’s Basic bank account brings you the best-in-class banking services, while not the necessity} for any minimum balance requirement.

Which bank is best for PPF account?

State Bank of India (SBI), which is the largest bank in the country, offers the PPF scheme with a good interest rate. SBI has over 15,000 branches in India, therefore, getting access to the scheme is easy. Opening of the PPF account offered by SBI can also be done online.

What is the minimum amount required to open FD in Axis Bank?

All you need is valid documentation. The minimum investment to open a bank FD varies across banks, but ranges between Rs 1,000 to Rs 10,000, while there is no upper limit. To book a bank FD with Axis Bank, the minimum investment is Rs 5,000 (no maximum limit).

Is it safe to use Axis Bank online?

Yes it is safe. Do not panic. There are frauds by few Axis bank customers and they will be punished. There are lot more small banks having banking opeation of very less creditability compared to Axis.

Are nationalised banks more safe than private banks?

Definitely, nationalised banks are more safe as compared to private banks. Due to the fact that private sector banks (since last decades) such as HDFC, ICICI and Axis etc. are not following the complete guidelines set by RBI. They are using tricks to use the gaps and the loop holes in the banking regulations.

Can I cancel my Axis Bank license for fraud?

AXIS is a bank which was registered under Banking Act and regulated by RBI. It is the third largest private bank of India which is a major contributor to Indian economy. Hence, there is no question arise to cancel the Banks license for this kind of frauds and it is common in all banks and in banking system.