Archive · 6 Aug 2025
Axis Bank Launches 'Lock FD' to Combat Digital Fraud
Axis Bank has created a new way to protect your money in fixed deposit accounts.
They launched a 'Lock FD' feature to help stop digital thieves.
With this, you can't close your fixed deposit early using your phone or computer.
If you want to close it before it's due, you have to go to the bank in person.
This added step helps to make sure no one can steal your money by pretending to be you online.
It's especially helpful for people who may not be as comfortable using digital banking.
The bank hopes this feature will keep customer's money safe.
Axis Bank launched 'Lock FD' to protect term deposits from digital fraud.
The feature blocks premature FD closures via digital channels.
Customers must visit a branch for early FD closure with 'Lock FD'.
This feature aims to provide an extra layer of security against cyber threats.
Lock FD is available on the mobile app and in all branches.
- Who
- Axis Bank customers.
- What
- Axis Bank launched 'Lock FD' to secure term deposits from digital fraud.
- When
- Announced on August 6, 2025.
- Where
- Available across all Axis Bank branches and on its mobile app.
- Why
- To prevent premature closure of FDs through digital channels and provide an extra layer of protection against cyber threats.
- Bank
- Axis Bank
- Feature
- Lock FD
- Purpose
- Protect against digital fraud
- Closure Method
- In-branch verification
- Availability
- Mobile app and branches
