Axis Bank Credit Line on UPI

Introducing Axis Bank Credit Line on UPI: Obtaining credit just got more convenient now, with the power of UPI!

Get instant credit, pay securely, and enjoy seamless transactions – all powered by the familiar UPI experience. The scope of UPI has become even bigger now! You can link credit lines as funding accounts on UPI just like your savings account, overdraft account, prepaid wallets, and credit cards.

We just got an upgrade! With Axis Bank Credit line on UPI, you can experience the convenience of making payments using your pre-sanctioned credit line directly through UPI.

What is Axis Bank Credit Line?

Axis Bank’s Credit lines on UPI is a seamless UPI payment solution for the customers. It's a pre-sanctioned credit limit linked directly to your UPI ID, offering a quicker, easier way to manage your finances. These Credit lines can now be linked directly to a UPI ID, thus directly enabling a safe and secured payment experience.

Here's what makes Axis Bank Credit Line on UPI your go-to payment solution:

Choose from a preferred variant of your choice:

  • Secured Fixed deposit based credit line on UPI - Apply nowNew
  • Unsecured variant credit lines on UPI (Coming Soon)
  • Scan & pay

  • Pay merchant of your choice

  • Low Interest Rates

  • Instant access to Credit

  • No hidden cost

Credit Line on UPI Features

  • Cost effective.
  • Instant credit.
  • Expanded payment options.
  • Hassle free payment.

Eligibility & Documents

Below are the eligibility criteria for availing a Secured Fixed deposit based credit line on UPI.

  • You are an Indian resident with 18+ years of age.
  • You reside in India while opening the account.
  • You should have a valid Pan and Aadhaar card.
  • Your mobile number is linked to Aadhaar card.
  • You are not an existing Axis Bank customer.

Frequently Asked Questions

Secured Credit line on UPI is a newly launched product by Axis Bank. The NTB customers can avail secured credit (backed by fixed deposit) and link it to UPI for P2M transactions.

To link your availed credit line to UPI, follow the simple steps below:
1. Open any UPI apps (preferably Axis Bank, BHIM app, GPay etc.,)
2. Click on “Payment Methods” > “Add Credit Line”
3. Select “Axis Bank”
4. Enter the 6 digit number and 4 digit pin for authorisation (received at the time of on boarding)
5. Voila, set this account as your default account and start hassle free payments to Merchants now!

Only P2M (Person to merchants) transactions are allowed. Transactions with high-risk vendors (like gambling / gold purchase / bitcoin / trading Apps) through UPI is restricted.

Yes, P2P is allowed for credit. Standard UPI limit restrictions to be followed.

There are no charges for using credit line over UPI. For credit disbursement and charges, refer Key Fact Statement (KFS) issued at the time of credit onboarding.

Yes, payment made towards Credit Line UPI ID can be done from any UPI ID. Other mode of transfer is also available like NEFT, RTGS, IMPS etc.

No, there is no risk in Digital FDs. Digital FDs are non-market linked instruments, which means that the returns they provide do not depend on movement in the capital market . Since interest rates on digital FD is pre-fixed, there is no element of surprise or risk. In other words, what you see is what you get in digital FD.

Minimum FD amount is 25K & maximum FD amount is 1.9999999cr.

To make repayments towards your OD accounts you could use any of the following methods:

a. Mobile Banking:

  • Login to Axis Mobile App
  • Click on Pay - Send Money
  • Select self
  • Select Overdraft A/c
  • Select Saving A/C in ‘Pay From’(in case of multiple accounts)
  • Click on Pay
  • Validate it with your MPIN

The amount will get credited within 2 working days.

b. Through any other bank account:

Raise an NEFT with below mentioned details:

  • Beneficiary Name
  • Beneficiary Bank: Axis Bank
  • Beneficiary IFSC: UTIB0000004(For Numeric Loan/OD No.)
  • Beneficiary Account: (Loan/OD Number)

c. By Cheque:

Drop boxes are available at Axis Bank Loan Centres or Axis Bank Branches for cheque payments.

Please ensure that the cheque used has ‘CTS-2010’ imprinted on the left and it is NOT a post-dated cheque.

Click here to locate your nearest Axis Bank branch

d. By Cash:

Visit your nearest Axis Bank branch to make a Cash Payment.

Yes, by clearing all outstanding dues and submitting a request at any Axis Bank branch.

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