Recurring Deposit APIs - API Developer Portal | API Developer Portal

These APIs are used to open Recurring Deposit from a third party mobile application / websites

Enjoy the benefits of "Save Now, Buy Later" for goal oriented deposits

Start small - Minimum Investment start with as low as INR 500

Flexible Tenure starting with 6 months

Allows you to save regularly to gain the benefit of compounding

Hassle free redemption of the maturity amount into the Axis Bank Savings Account

Recurring Deposit APIs

Product Eligibility

This API is the entry point for all products and is used to check whether the given user is eligible for the product or not.
RD Closure

This API is used to close RD; Partially or Fully.
RD Closure OTP Generate

This API is used to generate OTP when the customer chooses to close RD.
Customer Consent Generation

This consent generation API is used to generate OTP on mobile number. If the user is New to Bank (NTB), OTP gets triggered to the mobile number provided by the partner. If the user is Existing to Bank (ETB), OTP gets triggered to the registered mobile number. This API is part of Onboarding Journey.
Customer Consent Validation

This consent validation API is used to validate the OTP entered by the user.
RD Product Allocation

This API is used to create RD on the basis of details shared by the partner.
RD Balance Inquiry

This API retrieves the RD balance as on the current date for the given account ID.
Application Status Inquiry

This is a Generic status enquiry API retrieves the status of application.
Maturity Details

This API is used to retrieve maturity details on the basis of deposit amount, tenure and whether the user is senior citizen or not.

Fintechs and Account Aggregators can offer Recurring Deposit product to Existing-To-Bank customer base.
Partners sourcing Savings Account can cross-sell this Product as a value-add to a returning customer.

Axis Aha!