Axis Bank introduces industry-first'Lock FD' feature to safeguard term deposits against digital frauds

Axis Bank, one of the largest private sector banks in India, today announced the launch of an industry-first feature - ‘Lock FD’, designed to protect customers’ term deposits from rising digital frauds.

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This innovative feature, available on the Bank’s mobile app ‘open’ and across all its branches, enables customers to prevent premature closure of fixed deposits (FDs) through digital channels, such as Mobile and Internet Banking, offering an additional layer of protection against cyber threats.