Axis Bank, the third-largest private sector bank in India, provides a range of financial services, including Fixed Deposits (FDs). Currently, Axis Bank offers FD rates between 3.00% to 7.10% for general citizens and 3.50% to 7.75% for senior citizens. (Please note, these data points are subject to change with the fluctuations in market. Kindly, visit the Axis Bank website for any specific data)
With flexible tenures of up to 10 years, Axis FDs ensure steady and guaranteed returns. Explore different options like the Axis Bank Tax Saver FD and Axis Bank FD Plus, and invest your money to earn attractive interest over your chosen period.
Axis Bank FD Rates (Below 2 Crores)
The following table displays the axis bank domestic interest rates applicable to various FD tenures under Rs. 2 crore.
| FD Tenure | Interest Rates % (p.a.) General Public |
Interest Rates % (p.a.) Senior Citizens |
|---|---|---|
| 7 – 14 days | 3.00% | 3.50% |
| 15 – 29 days | 3.00% | 3.50% |
| 30 – 45 days | 3.50% | 4.00% |
| 46 – 60 days | 4.25% | 4.75% |
| 61 days < 3 months | 4.50% | 5.00% |
| 3 months < 4 months | 4.75% | 5.25% |
| 4 months < 5 months | 4.75% | 5.25% |
| 5 months < 6 months | 4.75% | 5.25% |
| 6 months < 7 months | 5.75% | 6.25% |
| 7 months < 8 months | 5.75% | 6.25% |
| 8 months < 9 months | 5.75% | 6.25% |
| 9 months < 10 months | 6.00% | 6.50% |
| 10 months < 11 months | 6.00% | 6.50% |
| 11 months – 11 months 24 days | 6.00% | 6.50% |
| 11 months 25 days < 1 year | 6.00% | 6.50% |
| 1 year – 1 year 4 days | 6.70% | 7.20% |
| 1 year 5 days – 1 year 10 days | 6.70% | 7.20% |
| 1 year 11 days – 1 year 24 days | 6.70% | 7.20% |
| 1 year 25 days < 13 months | 6.70% | 7.20% |
| 13 months < 14 months | 6.70% | 7.20% |
| 14 months < 15 months | 6.70% | 7.20% |
| 15 months < 16 months | 7.10% | 7.60% |
| 16 months < 17 months | 7.10% | 7.60% |
| 17 months < 18 months | 7.10% | 7.60% |
| 18 Months < 2 years | 7.10% | 7.60% |
| 2 years < 30 months | 7.10% | 7.60% |
| 30 months < 3 years | 7.10% | 7.60% |
| 3 years < 5 years | 7.10% | 7.60% |
| 5 years to 10 years | 7.00% | 7.75% |
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*Note: Interest rates may change. Please visit the official Axis Bank website for the most recent updates.Axis Bank FD Rates (Above 2 Crores)
The Axis Bank Domestic FD interest rates against the FD tenure for deposits over Rs. 2 crore are displayed in the table below:
| Axis Bank FD Tenure | Interest Rates % (p.a.) General Public |
Interest Rates % (p.a.) Senior Citizens |
|---|---|---|
| 7 – 14 days | 4.80% | 5.30% |
| 15 – 29 days | 5.00% | 5.50% |
| 30 – 45 days | 5.50% | 6.00% |
| 46 – 60 days | 5.75% | 6.25% |
| 61 days < 3 months | 6.00% | 6.50% |
| 3 months < 4 months | 6.50% | 7.00% |
| 4 months < 5 months | 6.50% | 7.00% |
| 5 months < 6 months | 6.50% | 7.00% |
| 6 months < 7 months | 6.65% | 7.15% |
| 7 months < 8 months | 6.65% | 7.15% |
| 8 months < 9 months | 6.65% | 7.15% |
| 9 months < 10 months | 6.00% | 7.25% |
| 10 months < 11 months | 6.75% | 7.25% |
| 11 months – 11 months 24 days | 6.75% | 7.25% |
| 11 months 25 days < 1 year | 5.00% | 5.50% |
| 1 year – 1 year 4 days | 7.25% | 7.75% |
| 1 year 5 days – 1 year 10 days | 7.25% | 7.75% |
| 1 year 11 days – 1 year 24 days | 7.25% | 7.75% |
| 1 year 25 days < 13 months | 7.25% | 7.75% |
| 13 months < 14 months | 7.25% | 7.75% |
| 14 months < 15 months | 7.25% | 7.75% |
| 15 months < 16 months | 7.05% | 7.55% |
| 16 months < 17 months | 7.05% | 7.55% |
| 17 months < 18 months | 7.05% | 7.55% |
| 18 Months < 2 years | 7.05% | 7.55% |
| 2 years < 30 months | 7.00% | 7.50% |
| 30 months < 3 years | 7.00% | 7.50% |
| 3 years < 5 years | 7.00% | 7.50% |
| 5 years to 10 years | 7.00% | 7.75% |
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*Note: Interest rates are subject to change and may fluctuate. To obtain the most recent information, please visit the official Axis Bank website.These rates are determined by the banks and are subject to change based on various factors such as market conditions, inflation, and monetary policy, etc.
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Axis Bank FD Plus Deposit Interest Rates
The Axis Bank FD Plus Fixed Deposit is accessible to Non-Resident Indians (NRIs) and NRO customers. The following table displays the interest rates and tenures for the Axis Bank FD Plus Fixed Deposit.
| FD Tenure | Axis NRE FD Interest Rates (p.a.) |
|---|---|
| 1 year to 1 year 4 days | 7.55% |
| 1 year 5 days to 1 year 10 days | 7.55% |
| 1 year 11 days to 1 year 24 days | 7.55% |
| 1 year 25 days to less than 13 months | 7.55% |
| 13 months to less than 14 months | 7.55% |
| 14 months to less than 15 months | 7.55% |
| 15 months to less than 16 months | 7.45% |
| 16 months to less than 17 months | 7.45% |
| 17 months to less than 18 months | 7.45% |
| 18 months to less than 2 years | 7.45% |
| 2 years to less than 30 months | 7.20% |
| 30 months to less than 3 years | 7.20% |
| 3 years to less than 5 years | 7.20% |
| 5 years to 10 years | 7.20% |
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* Please note that interest rates are subject to change. For the latest information, please refer to the official website of Axis Bank.Curious about your returns from your Axis Bank FD?
Before you invest, it's wise to estimate your potential gains. Simplify the process by utilizing the Axis Bank FD Calculator to effortlessly determine your returns.
Features & Benefits of Axis Bank Fixed Deposit
Customers may easily save and increase their savings with attractive features and benefits. Offered by Axis Bank Fixed Deposit. These are the main features of Axis Bank FDs.
- Higher Interest for Senior Citizens: Senior citizens enjoy preferential treatment with higher interest rates compared to regular customers.
- Facility for Nomination: Axis Bank provides a nomination facility, ensuring a smooth transfer of benefits in case of unforeseen circumstances.
- Low Minimum Deposit: Start your fixed deposit journey with just Rs. 5000, making it accessible to a wide range of investors.
- Competitive Short-Term Interest Rates: Axis Bank FDs offer competitive interest rates even for short-term deposits, maximizing your returns.
- Hassle-Free Booking: Easily book your FD with Axis Bank, ensuring a straightforward and hassle-free process for account creation.
- Loan Against FDs: Enjoy financial flexibility by availing loans up to 90% against your Axis Bank Fixed Deposits, meeting your urgent financial needs.
- Wide Range of Options: Choose from a variety of fixed deposit options offered by Axis Bank, tailoring your investment to suit your financial goals.
Axis Bank FD Account Eligibility
The following points explain the eligibility criteria for investing in an Axis Bank Fixed Deposit. Read and check whether you are eligible for this investment option.
- Resident Individuals (Including Minors): Open to individuals of all ages, promoting financial growth for both adults and minors.
- Senior and Super Senior Citizens: Exclusive benefits with higher interest rates, catering to the financial needs of seniors.
- Hindu Undivided Families (HUF): Joint investment opportunities for HUFs, ensuring stable wealth growth.
- Sole Traders, Partnership Firms, and Joint-Stock Companies: Accessible to diverse business entities, providing an avenue for surplus fund investment.
- Trust Accounts: The Axis Bank FD eligibility extends to trust accounts as well for their long-term investment.
Documents Required to Open Axis FD
If you want to open an FD with Axis Bank, you will need to provide the following documents:
- Axis Bank Fixed Deposit Form
- Two Passport size photographs
Identification Proof
- Aadhaar card: A government-issued identity card with a unique identification number.
- Driver’s License: A document issued by the local transport authority, serving as both an identity and driving permit.
- Voter ID card: A card issued by the Election Commission of India, providing identification for voting purposes.
Income Tax Department Rule
- PAN card: A Permanent Account Number (PAN) card is mandated by the Income Tax Department, serving as a unique identifier for financial transactions.
- Driver’s License: A document issued by the local transport authority, serving as both an identity and driving permit.
Address Proof
- Passport: A government-issued travel document that also serves as proof of address.
- Utility Bills: Documents such as electricity and water bills, showing your name and address, serve as proof of residence.
Premature Closure of Axis Bank Fixed Deposit
Premature closure is when you decide to withdraw the money from your fixed deposit account before the predetermined FD tenure.
With Axis Bank FD, you can easily opt for premature closure or early withdrawal but it is subject to a penalty of 1.0%.
However, if you opt for a partial withdrawal, the bank imposes no penalty for the first withdrawal of up to 25% of the principal amount. This offers a degree of flexibility for investors needing access to a portion of their funds before the maturity date.
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Types of Axis Bank Fixed Deposits
Axis Bank offers a variety of fixed deposit schemes, each designed to suit different financial needs. These schemes come with unique features and advantages, catering to the preferences of various investors.
Axis Bank Digital Fixed Deposit
This scheme offers a full digital KYC fixed deposit. You can fund it from any savings account. The deposit amount ranges from Rs 5,000 to Rs 2 lakh with a flexible tenure between 6 months and 10 years.
There is no issuance fee, and if needed, you can withdraw up to 25% of the FD amount prematurely with zero penalty. It's an easy and practical way to manage your savings.
Axis Bank Express Fixed Deposit
This FD scheme is a swift digital deposit option. It can be funded in just 3 minutes from any existing savings bank account. The deposit range is Rs 5,000 to Rs 90,000, with a flexible tenure of 6 to 12 months.
Enjoy the perk of zero issuance fees and the freedom to withdraw up to 25% of your FD amount without incurring any penalties. This option is exclusively available for single account holders.
Axis Bank Express Fixed Deposit
This FD scheme is a swift digital deposit option. It can be funded in just 3 minutes from any existing savings bank account. The deposit range is Rs 5,000 to Rs 90,000, with a flexible tenure of 6 to 12 months.
Enjoy the perk of zero issuance fees and the freedom to withdraw up to 25% of your FD amount without incurring any penalties. This option is exclusively available for single account holders.
Axis Bank Fixed Deposit Plus
Axis Bank Fixed Deposit Plus offers flexibility with a minimum deposit of Rs 5 Crore, no maximum limit, and tenor options from 7 days to 10 years. It supports various interest calculation methods and deposit types. While auto-renewal is not available, it caters to both NRI and NRO customers, providing a versatile investment choice.
Axis Bank Tax Saver Fixed Deposit
Axis Bank Tax Saver Fixed Deposit offers tax benefits under Sec. 80C. With deposits from Rs 100 to Rs 1.5 lakh, it has a lock-in period of up to 5 years. Choose from various deposit types with zero issuance fees. You can withdraw up to 25% without penalties, exclusively available for single account holders. A tax-efficient and flexible investment choice.
Axis Bank Regular Fixed Deposit
Axis Bank Regular Fixed Deposit provides a higher return than regular FDs. With a minimum deposit of Rs 5,000 online via mobile app or Rs 10,000 via branch visit, choose a flexible tenor from 7 days to 10 years. Enjoy the automatic rollover facility and select from various interest schemes, making it a versatile and rewarding investment choice.
Axis Bank Auto Fixed Deposit
Axis Bank Auto Fixed Deposit connects your FD to your savings account for automatic transfers when your balance is over Rs 25,000. Choose a tenor from 6 months to 5 years, and withdraw funds anytime via cheque or ATM.
When your balance falls below Rs 25,000, the withdrawn amount is automatically taken from the most recent FD in multiples of Rs 5,000. The swept amount earns interest, and the remaining FD continues to earn its contracted rate.
Axis Bank Fixed Deposit Schemes for NRIs
Axis Bank has special fixed deposit schemes just for Non-Resident Indians (NRIs). These schemes are designed to meet the specific financial needs and preferences of NRIs, offering them different choices to save money and earn returns.
NRE Rupee Deposit
NRE Rupee Deposit is a convenient option to fund your account with foreign currency. Enjoy overdraft facilities up to 85%, flexible tenors, and tax-free interest in India. The principal and earned interest are fully repatriable, and automatic renewal ensures a hassle-free experience. The bank may renew overdue deposits under certain conditions, and partial withdrawals are allowed via the NRE Savings Account. It's a comprehensive solution for managing international funds with ease.
NRO Rupee Deposit
NRO Rupee Deposit provides flexibility with overdraft facilities up to 85%, tenors from 7 days to 10 years, and automatic renewal of principal and interest. Both the principal and earned interest are fully repatriable, with funds in the NRO account eligible for repatriation up to USD one million annually. Loans against FDs are available for various purposes, and the deposit allows for premature and partial withdrawals, making it a versatile savings option.
Foreign Currency Non-Resident Deposit (FCNR)
Open an FCNR deposit with any foreign currency, avail overdraft facilities up to 85%, and choose a tenor from 1 to 5 years. Interest is calculated differently based on the duration. It's not taxable in India, and you can select currencies like USD, EURO, GBP, AUD, and CAD. Withdraw from the deposit whenever needed, making it a flexible and accessible savings option.
NRI-Pro Foreign Currency Deposit
NRI-Pro Foreign Currency Deposit is a unique FD scheme offering high yields in foreign currency. Use a locked-in exchange rate at the tenure end to convert rupees into foreign currency, maximizing returns. Enjoy attractive interest rates, flexible tenor (3 months to 5 years), and a minimum deposit of Rs 5 lakh. Interest earned is not taxable in India, and earnings are fully repatriable on maturity. You can book forward contracts on existing or fresh Fixed Deposits, making it a strategic and rewarding choice for NRIs.
NRI-Pro Rupee Deposit
NRI-Pro Rupee Deposit lets you earn a higher Rupee yield by locking in the conversion rate. Benefit from attractive interest rates and the potential advantage of rising exchange rates. With a flexible tenor of 3 months to 5 years and a minimum deposit of USD 10,000 or equivalent, the interest earned is not taxable in India. Your earnings are fully transferable upon maturity, making it a straightforward and appealing choice for NRIs.
Resident Foreign Currency Term Deposit
This FD scheme is for NRIs residing in India for over a year. It offers high returns on foreign currency deposits without conversion risk. Your balance, including earned interest, is fully repatriable. Choose from USD, Euro, GBP, AUD, and CAD. You can withdraw from the deposit whenever needed, making it a flexible and convenient option for NRIs in India.
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Frequently Asked Questions
The current Axis Bank FD rates range between 3.00% to 7.10% for general citizens and 3.50% to 7.75% for senior citizens.
There is no maximum limit to Axis Bank FDs.
Axis Bank's Fixed Deposit Plus is an FD scheme for lump sum investments. It allows customers to select interest computation methods, deposit types, and other parameters.
The senior citizen age for FD in Axis Bank is typically 60 years and above.
Yes, if a customer provides no instructions, a fixed deposit is automatically renewed for the same duration and at the existing interest rate.
The minimum deposit amount needed to open an Axis Bank FD is ₹5,000.
A Tax-saver FD in Axis Bank has a lock-in period of 5 years and offers tax benefits under Section 80C, while a regular FD doesn't have tax benefits.
Axis Bank generally does not allow additional amounts to an existing FD account.
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