Axis Bank offers FD interest rates of 3.00-7.20% p.a. to the general public and 3.50-7.75% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The bank also offers Tax Saving FD at 7.00% p.a. to the general public and 7.75% p.a. to senior citizen depositors for tenures of 5 years. The bank also offers various fixed deposit products for NRIs, such as NRO, NRE, RFC and FCNR (B) fixed deposits. Axis Bank accepts FCNR (B) fixed deposits in US Dollars (USD), British Pound Sterling (GBP), Euro, Australian Dollar (AUD) Canadian Dollar (CAD) and Japanese Yen (JPY). The bank accepts RFC fixed deposits in USD, GBP, Euro, AUD, and CAD.
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| Highest slab rate | 7.20% p.a. (17 months to less than 18 months) |
| For 1 year | 6.70% p.a. |
| For 2 year | 7.10% p.a. |
| For 3 year | 7.10% p.a. |
| For 4 year | 7.10% p.a. |
| For 5 year | 7.00% p.a. |
| Tax-Saving FD | 7.00% p.a. |
Interest rates as of 18 September 2024
FDs of up to ₹5 lakhs insured by RBI
No hassle of opening a saving account
No documentation
| Tenure | Interest Rates (p.a.) | |
| Regular Citizens | Senior Citizens | |
| 7 days to 14 days | 3.00% | 3.50% |
| 15 days to 29 days | 3.00% | 3.50% |
| 30 days to 45 days | 3.50% | 4.00% |
| 46 days to 60 days | 4.25% | 4.75% |
| 61 days to less than 3 months | 4.50% | 5.00% |
| 3 months – 3 months 24 days | 4.75% | 5.25% |
| 3 months to less than 4 months | 4.75% | 5.25% |
| 4 months to less than 5 months | 4.75% | 5.25% |
| 5 months to less than 6 months | 4.75% | 5.25% |
| 6 months to less than 7 months | 5.75% | 6.25% |
| 7 months to less than 8 months | 5.75% | 6.25% |
| 8 months to less than 9 months | 5.75% | 6.25% |
| 9 months to less than 10 months | 6.00% | 6.50% |
| 10 months to less than 11 months | 6.00% | 6.50% |
| 11 months to 11 months 24 days | 6.00% | 6.50% |
| 11 months 25 days to less than 1 year | 6.00% | 6.50% |
| 1 year to 1 year 4 days | 6.70% | 7.20% |
| 1 year 5 days to 1 year 10 days | 6.70% | 7.20% |
| 1 year 11 days to 1 year 24 days | 6.70% | 7.20% |
| 1 year 25 days to less than 13 months | 6.70% | 7.20% |
| 13 months to less than 14 months | 6.70% | 7.20% |
| 14 months to less than 15 months | 6.70% | 7.20% |
| 15 months to less than 16 months | 7.25% | 7.75% |
| 16 months to less than 17 months | 7.25% | 7.75% |
| 17 months to less than 18 months | 7.25% | 7.75% |
| 18 months to less than 2 years | 7.25% | 7.75% |
| 2 years to less than 30 months | 7.10% | 7.60% |
| 30 months to less than 3 years | 7.10% | 7.60% |
| 3 years to less than 5 years | 7.10% | 7.60% |
| 5 years to 10 years | 7.00% | 7.75% |
Card limit is 90% of FD Amount
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6.5%INTEREST ON FD
Banks | Highest FD rate (% p.a.) | 1-year FD rate (% p.a.) | 3-year FD rate (% p.a.) | 5-year FD rate (% p.a.) | Additional interest rate for senior citizens (% p.a.) |
| Unity Small Finance Bank | 9.00 | 7.85 | 8.15 | 8.15 | 0.50 |
| North East Small Finance Bank | 9.00 | 7.00 | 9.00 | 6.25 | 0.50 |
| Suryoday Small Finance Bank | 8.65 | 6.85 | 8.60 | 8.25 | 0.24-0.50 |
| Shivalik Small Finance Bank | 8.55 | 6.00 | 7.50 | 6.50 | 0.50 |
| Equitas Small Finance Bank | 8.50 | 8.20 | 8.00 | 7.25 | 0.50 |
| Utkarsh Small Finance Bank | 8.50 | 8.00 | 8.50 | 7.75 | 0.60 |
| Jana Small Finance Bank | 8.25 | 8.25 | 8.25 | 7.25 | 0.50 |
| Ujjivan Small Finance Bank | 8.25 | 8.25 | 7.20 | 7.20 | 0.50 |
| ESAF Small Finance Bank | 8.25 | 6.00 | 6.75 | 6.25 | 0.50 |
| SBM Bank | 8.25 | 7.05 | 7.30 | 7.75 | 0.50 |
| RBL Bank | 8.10 | 7.50 | 7.50 | 7.10 | 0.50 |
| DCB Bank | 8.05 | 7.10 | 7.55 | 7.40 | 0.50 |
| Bandhan Bank | 8.05 | 8.05 | 7.25 | 5.85 | 0.50-0.75 |
| AU Small Finance Bank | 8.00 | 7.25 | 7.50 | 7.25 | 0.50 |
| YES Bank | 8.00 | 7.25 | 7.25 | 7.25 | 0.50-0.75 |
| Induslnd Bank | 7.99 | 7.75 | 7.25 | 7.25 | 0.50 |
| IDFC First Bank | 7.75 | 6.50 | 7.00 | 6.75 | 0.50 |
| Central Bank of India | 7.45 | 7.00 | 6.00 | 5.75 | 0.50 |
| HDFC Bank | 7.40 | 6.60 | 7.00 | 7.00 | 0.50 |
| Union Bank of India | 7.40 | 6.80 | 6.70 | 6.50 | 0.50 |
| Tenure | Regular Citizens | Senior Citizens |
| 5 years | 7.00% | 7.75% |
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| Tenure | Interest Rates (p.a.) Non-Callable |
| 30 days to 45 days | 5.50% |
| 46 days to 60 days | 5.75% |
| 61 days to less than 3 months | 6.00% |
| 3 months to 3 months 24 days | 6.75% |
| 3 months 25 days to less than 4 months | 6.75% |
| 4 months to less than 5 months | 7.00% |
| 5 months to less than 6 months | 7.00% |
| 6 months to less than 7 months | 7.00% |
| 7 months to less than 8 months | 7.00% |
| 8 months to less than 9 months | 7.00% |
| 9 months to less than 10 months | 7.25% |
| 10 months to less than 11 months | 7.25% |
| 11 months to 11 months 24 days | 7.25% |
| 11 months 25 days to less than 1 year | 7.25% |
| 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 | 7.50% |
| 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% |
| Tenure | Interest Rates (p.a.) |
| 1 year to 1 year 4 days | 6.70% |
| 1 year 5 days to 1 year 10 days | 6.70% |
| 1 year 11 days to 1 year 24 days | 6.70% |
| 1 year 25 days to less than 13 months | 6.70% |
| 13 months to less than 14 months | 6.70% |
| 14 months to less than 15 months | 6.70% |
| 15 months to less than 16 months | 7.25% |
| 16 months to less than 17 months | 7.25% |
| 17 months to less than 18 months | 7.25% |
| 18 months to less than 2 years | 7.25% |
| 2 years to less than 30 months | 7.10% |
| 30 months to less than 3 years | 7.10% |
| 3 years to less than 5 years | 7.10% |
| 5 years to 10 years | 7.00% |
| Tenure | Interest Rates (p.a.) |
| 7 days to 14 days | 3.00% |
| 15 days to 29 days | 3.00% |
| 30 days to 45 days | 3.50% |
| 46 days to 60 days | 4.25% |
| 61 days to less than 3 months | 4.50% |
| 3 months to 3 months 24 days | 4.75% |
| 3 months to less than 4 months | 4.75% |
| 4 months to less than 5 months | 4.75% |
| 5 months to less than 6 months | 4.75% |
| 6 months to less than 7 months | 5.75% |
| 7 months to less than 8 months | 5.75% |
| 8 months to less than 9 months | 5.75% |
| 9 months to less than 10 months | 6.00% |
| 10 months to less than 11 months | 6.00% |
| 11 months to 11 months 24 days | 6.00% |
| 11 months 25 days to less than 1 year | 6.00% |
| 1 year to 1 year 4 days | 6.70% |
| 1 year 5 days to 1 year 10 days | 6.70% |
| 1 year 11 days to 1 year 24 days | 6.70% |
| 1 year 25 days to less than 13 months | 6.70% |
| 13 months to less than 14 months | 6.70% |
| 14 months to less than 15 months | 6.70% |
| 15 months to less than 16 months | 7.25% |
| 16 months to less than 17 months | 7.25% |
| 17 months to less than 18 months | 7.25% |
| 18 Months to less than 2 years | 7.25% |
| 2 years to less than 30 months | 7.10% |
| 30 months to less than 3 years | 7.10% |
| 3 years to less than 5 years | 7.10% |
| 5 years to 10 years | 7.00% |
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| Tenure | 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 | 7.50% |
| 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% |
| Tenure | USD | GBP | EURO | AUD | CAD | JPY | |
| Below 1 million | 1 million & above | ||||||
| 1 year to less than 2 years | 5.35% | 5.35% | 5.00% | 3.35% | 4.40% | 4.65% | 0.01% |
| 2 years to less than 3 years | 4.50% | 4.50% | 4.00% | 0.01% | 3.75% | 3.30% | 0.01% |
| 3 years to less than 4 years | 4.30% | 4.30% | 0.01% | 0.01% | 3.60% | 2.90% | 0.01% |
| 4 years to less than 5 years | 4.30% | 4.30% | 0.01% | 0.01% | 3.55% | 2.70% | 0.01% |
| For 5 years only | 4.30% | 4.30% | 0.01% | 0.01% | 3.55% | 2.70% | 0.01% |
| Tenure | USD | GBP | EURO | AUD | CAD | |
| Below 1 million | 1 million & above | |||||
| 30 days to less than 3 months | 0.15% | 0.15% | 0.15% | 0.01% | 0.30% | 0.35% |
| 3 months to less than 6 months | 0.25% | 0.25% | 0.15% | 0.01% | 0.30% | 0.35% |
| 6 months to less than 12 months | 0.30% | 0.30% | 0.15% | 0.01% | 0.30% | 0.35% |
| 12 months to less than 2 years | 5.35% | 5.35% | 5.00% | 3.35% | 4.40% | 4.65% |
| 2 years to less than 3 years | 4.50% | 4.50% | 4.00% | 0.01% | 3.75% | 3.30% |
| 3 years to less than 4 years | 4.30% | 4.30% | 0.01% | 0.01% | 3.60% | 2.90% |
| 4 years to less than 5 years | 4.30% | 4.30% | 0.01% | 0.01% | 3.55% | 2.70% |
| For 5 years only | 4.30% | 4.30% | 0.01% | 0.01% | 3.55% | 2.70% |
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Paisabazaar’s Axis Bank FD Calculator can be used to check the interest and maturity amount that the depositor will get at the end of deposit tenure. Customers who want to invest in Fixed Deposit can check the maturity amount and interest earned by providing details like the deposit amount, bank FD rate and deposit tenure.
Existing customers of Axis Bank can open fixed deposit accounts online through internet banking and mobile banking. Alternatively, they can visit the Axis Bank branch and submit the completed Axis Bank FD form with a minimum deposit amount of Rs 5,000. However, in case of Axis Bank Tax Saver Fixed Deposit, the minimum deposit amount required will be Rs. 100. Individuals who do not have a lending or banking relationship with Axis Bank will have to visit its branches to open their Axis Bank FD accounts.
Q. Can I avail an overdraft facility against my Axis Bank FD?
Ans. Yes, you can avail an overdraft facility of up to 85% against your FD amount, subject to a minimum limit of Rs 25,000.
Q. What are the eligibility conditions for opening an Axis Bank Digital FD Account?
Ans. To open an Axis Bank Digital FD Account, the depositor must be an Indian citizen of at least 18 years of age. He should not be an existing customer of Axis Bank but must have a valid PAN and Aadhaar number.
Q. What happens to the maturity proceeds of Axis Bank Digital FD?
Ans. The proceeds of Axis Bank Digital FD, inclusive of its principal amount and interest component, will get credited to an account chosen by the depositor within 3 working days of FD maturity date.
Q. What is the process of opening Axis Bank Tax Saving FDs?
Ans. Individuals can open Axis Bank’s Tax Saving FD account by following these steps:
Q. Does Axis Bank allow premature withdrawal facility in its Tax Saving Fixed Deposits?
Ans. Depositors of Axis Bank’s Tax Saving FD cannot exercise premature withdrawal before the completion of its lock-in period of five years.
Q. How much tax deduction can I claim with Axis Bank Tax Saving FDs?
Ans. Depositors can claim tax deduction of up to Rs 1.5 lakh under Section 80C by investing in Axis Bank Tax Saving FDs.
Q. What is the risk of investing in Axis Bank Tax Saving FDs?
Ans. Axis Bank guarantees its tax saving FD depositors the repayment of their deposit amount on their maturity dates as well as the payment of accrued interest income as per as the chosen interest payout option. Moreover, being a scheduled bank, tax saving FDs opened with Axis Bank are covered under the deposit insurance program of DICGC (Deposit Insurance and Credit Guarantee Corporation), in case of bank failure.
Q. What happens on the maturity of Axis Bank Tax Saving FDs?
Ans. On reaching maturity, the invested sum and the accumulated interest, both, will be credited to the depositor’s Savings Account.
Q. Can I open a joint Axis Bank FD with a senior citizen?
Ans. Yes, you can open Axis Bank FD with a senior citizen but in such a case the senior citizen will be the primary account holder of the FD account.
Q. Can I transfer my Axis Bank FD to another bank?
Ans. You cannot transfer your Axis Bank FD to another bank. Instead, you will have to either close your existing FD at the Axis Bank or wait till its maturity and use the closure/maturity proceeds to open FD with the bank of your choice.
Q. Can I avail loan against my Axis Bank NRE Deposits?
Ans. Yes, you can avail loan against your Axis Bank NRE Deposits for personal purposes or for carrying out business activities other than relending, agricultural/ plantation activities or real estate business.
Q. Can I opt for premature withdrawal of Axis Bank NRE FD?
Ans. Yes, you can prematurely withdraw money from your Axis Bank NRE FD. However, NRE Deposits will qualify for interest only if they have a run for a minimum period of 12 months.
Q. What is the tax liability of having an Axis Bank NRE FD?
Ans. The interest income accrued from Axis Bank NRE Fixed Deposits are exempt from income tax in India.
Q. Can I transfer funds from Axis Bank NRO A/c to open NRE/FCNR Deposits with Axis Bank?
Ans. No, NRO funds cannot be used for opening NRE/FCNR deposits.
Q. What is the tax liability of the interest income earned from Axis Bank NRO FD?
Ans. TDS will be deducted on the Axis Bank NRO FD interest income at the rate of 31.2%.
Q. Can I transfer funds from my existing Axis Bank FCNR A/c to open NRE/NRO A/c?
Ans. Yes, you can transfer funds from your existing Axis Bank FCNR Account to open Axis Bank’s NRE/NRO Account.
Q. Can I avail loan against my Axis Bank FCNR Deposits?
Ans. Yes, you can avail loan against your Axis Bank FCNR Deposits in Indian Rupees or in Foreign Currency. The proceeds of the loan or overdraft can be used for both personal purposes as well as for carrying out business activities other than relending, agricultural/ plantation activities or real estate business.
Q. Can I close my Axis Bank FCNR Deposits before their maturity dates?
Ans. Yes, Axis Bank allows its depositors to close their FCNR FDs before their maturity dates. The deposits will qualify for interest only if they run for a period of at least 1 year.
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