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Deposits
How to make RD (Recurring Deposit) online payment in 7 simple steps?
Managing your Recurring Deposit online is simple. Making your RD online payment ensures you never miss a deposit, helping your savings grow effectively.
Understanding Recurring Deposits
A Recurring Deposit Account allows you to deposit a fixed amount regularly and earn interest over a specified tenure. It is an ideal savings tool for those looking to instill a disciplined saving habit while earning steady returns. Traditionally, making deposits meant visiting the bank, but now you can conduct this online.
Benefits of paying RD instalments online
- Convenience: Paying your recurring deposit installments online means you can manage your payments without leaving your house, ensuring you never miss a due date.
- Time-saving: No more standing in line at the bank to pay your RD installments; handle everything digitally, saving you precious time and effort.
- Automated payments: You can seamlessly automate your RD payments by setting up standing instructions, so your installments are paid automatically every month without you having to remember.
- 24/7 accessibility: Internet banking and mobile banking allow you to pay your RD installments whenever it suits you, ensuring flexibility in managing your deposits.
Steps to pay your Recurring Deposit online
1. Log in to your Axis Bank net banking account or use the mobile banking app.
2. Once logged in, look for the 'Deposits' section. Select 'Recurring Deposit' from the options available.
3. Choose the RD Account you wish to make the payment for. Ensure the account details and tenure are correct.
4. Click on the 'Pay now' or 'Make payment' option. Enter the amount you wish to deposit, which should be as per your RD terms.
5. Select the preferred payment method.
6. Confirm the payment details and proceed.
7. Once the payment is successful, you will receive a confirmation message. Check your email or SMS for the transaction receipt.
Tips for managing your Recurring Deposit online
- Regular monitoring: Frequently check your account to ensure all payments are processed.
- Set reminders: Keep reminders for your RD payment dates.
- Update payment details: In case of changes in your Debit Card or bank account details, update the payment instructions accordingly.
- Maintain balance: Ensure sufficient balance in your account before the due date.
- Technical glitches: Check internet connectivity and bank server status or contact customer support for assistance in case of issues.
Also Read: How to open an RD account online? - Step-by-step guide
Conclusion
Paying your RD online offers a convenient and efficient way to manage your savings plan. It ensures timely deposits, supporting the disciplined saving habit that a Recurring Deposit Account promotes.
Axis Bank offers flexible online management tools and competitive interest rates. The bank's Recurring Deposit helps your savings grow steadily with minimal effort. The user-friendly interface, automated payment options and 24/7 access simplify how to pay RD instalment online, making the process straightforward and stress-free.
Disclaimer:This article is for information purpose only. The views expressed in this article are personal and do not necessarily constitute the views of Axis Bank Ltd. and its employees. Axis Bank Ltd. and/or the author shall not be responsible for any direct / indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information. Please consult your financial advisor before making any financial decision.
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