Axis Bank FD Interest Rates

Comparison of Top 20 Scheduled Banks based on FD Rates

The rates are updated as of 25 September 2023

Axis Bank Tax Saver Deposit

Tenure	Regular Citizens	Senior Citizens
5 years	7.00%	7.75%

Axis Bank FD Plus Rates on Domestic Deposits of Rs 2 crore and less than Rs 5 crore w.e.f. 25 September 2023

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 less than 4 months	6.85%
4 months to less than 5 months	6.85%
5 months to less than 6 months	6.85%
6 months to less than 7 months	7.15%
7 months to less than 8 months	7.15%
8 months to less than 9 months	7.15%
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	7.50%
1 year 5 days to 1 year 10 days	7.45%
1 year 11 days to 1 year 24 days	7.45%
1 year 25 days to less than 13 months	7.45%
13 months to less than 14 months	7.45%
14 months to less than 15 months	7.45%
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%

Axis Bank NRE Fixed Deposit Interest Rates on Deposits less than Rs 2 crore w.e.f. 15 September 2023

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	7.10%
16 months to less than 17 months	7.10%
17 months to less than 18 months	7.10%
18 months to less than 2 years	7.10%
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%

Axis Bank NRO FD Rates on Deposits less than Rs 2 crore w.e.f. 18 September 2023

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 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	7.10%
16 months to less than 17 months	7.10%
17 months to less than 18 months	7.10%
18 Months to less than 2 years	7.10%
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%

Axis Bank FD Plus Rates on NRE Deposits of Rs 2 crore and less than Rs 5 crore w.e.f. 22 September 2023

Tenure	Interest Rates (p.a.)
1 year to 1 year 4 days	7.50%
1 year 5 days to 1 year 10 days	7.45%
1 year 11 days to 1 year 24 days	7.45%
1 year 25 days to less than 13 months	7.45%
13 months to less than 14 months	7.45%
14 months to less than 15 months	7.45%
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%

Axis Bank FCNR (B) Fixed Deposit Interest Rates w.e.f. 7 September 2023

Tenure	USD		GBP	EURO	AUD	CAD	JPY
	Below 1 million	1 million & above
1 year to less than 2 years	5.60%	5.60%	4.00%	2.90%	2.90%	4.20%	0.01%
2 years to less than 3 years	4.30%	4.30%	3.75%	0.01%	0.01%	3.50%	0.01%
3 years to less than 4 years	4.10%	4.10%	2.45%	0.01%	0.01%	3.45%	0.01%
4 years to less than 5 years	4.10%	4.10%	2.45%	0.01%	0.01%	3.35%	0.01%
For 5 years only	4.10%	4.10%	2.45%	0.01%	0.01%	3.30%	0.01%

Axis Bank RFC Fixed Deposit Interest Rates w.e.f. 7 September 2023

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	5.60%	5.60%	4.00%	2.90%	3.70%	4.20%
2 years to less than 3 years	4.30%	4.30%	3.75%	0.01%	3.75%	3.50%
3 years to less than 4 years	4.10%	4.10%	2.45%	0.01%	3.80%	3.45%
4 years to less than 5 years	4.10%	4.10%	2.45%	0.01%	4.00%	3.35%
For 5 years only	4.10%	4.10%	2.45%	0.01%	4.05%	3.30%

Types of Axis Bank FD Schemes

Axis Bank Digital Fixed Deposit

• It’s a digital full KYC fixed deposit product, which can be funded from any savings bank account.
• Deposit Amount: Rs 5,000 to Rs 2 lakh
• Tenor: 6 months to 10 years
• Zero issuance fees
• No penalty on premature FD withdrawal of up to 25% of the FD amount

Axis Bank Express Fixed Deposit

• It’s a digital fixed deposit product, which can be funded within 3 minutes from any savings bank account.
• Deposit Amount: Rs 5,000 to Rs 90,000
• Tenor: 6 months to 12 months (364 days)
• Zero issuance fees
• Withdraw up to 25% of your FD amount without any penalty of charges
• Available only for single account holders

Axis Bank Tax Saver Fixed Deposit

• This fixed deposit scheme comes with tax benefits under Sec. 80C of Income Tax Act.
• Deposit Amount: Rs 100 to Rs 1.5 lakh
• Has a lock-in period of up to 5 years
• Deposit Types: Reinvestment Deposit, Quarterly Interest Payout or Monthly Interest Payout
• Zero issuance fees
• Withdraw up to 25% of your FD amount without any penalty of charges
• Available only for single account holders

Axis Bank Fixed Deposit Plus

• Minimum Deposit Amount: Rs 5 Crore
• Maximum Deposit Amount: No limit
• Tenor: 7 days to 10 years
• Preferred Method of Interest Calculation: Simple interest and Compound Interest
• Deposit Types: Short-term Deposit, Reinvestment Deposit, Monthly Interest Payout or Quarterly Interest Payout
• Auto-renewal facility not available
• Available for both NRI and NRO customers as well

Axis Bank Regular Fixed Deposit

• This fixed deposit scheme gives a higher rate of return compared to regular FDs.
• Minimum Deposit Amount: Rs 5,000 (if booked via internet banking or mobile app); Rs 10,000 (if booked via branch visit)
• Tenor: 7 days to 10 years
• Automatic rollover facility is available
• Deposit Types: Quarterly compounding/Reinvestment of interest scheme or a quarterly payout of interest scheme or a monthly payout interest scheme

Axis Bank Auto Fixed Deposit

• In this scheme, the FD account is linked to an existing savings bank account, thus, facilitating automatic transfers to the FD account in the multiples of Rs 5,000 when the balance in the linked savings bank account exceeds Rs 25,000.
• Tenor: 6 months to 5 years
• Money can be withdrawn anytime from the liked savings account via cheque or ATM.
• The amount withdrawn is automatically reverse swept from the most recently formed FD (in multiples of Rs 5,000) to the Savings Account whenever the balance in the linked savings account falls below Rs 25,000)
• The amount reverse swept from the FD account will earn interest at the applicable rate for the period, the deposit was held with the bank.
• The remaining amount of the fixed deposit will continue to earn the contracted rate of interest.

Axis Bank Fixed Deposit Schemes for NRIs

NRE Rupee Deposit

• Fund your account with any convertible currency received from abroad
• Avail of overdraft facilities for up to 85% of the deposit
• Tenor: 1 year to 10 years
• Interest earned is not taxable in India
• Automatic renewal of principal and interest on maturity
• Principal amount and interest earned are fully repatriable
• The bank may renew the entire or a portion of an overdue NRE or FCNR deposit, subject to a few conditions
• Partial withdrawal of the deposits allowed with NRE Savings Account with Premature Encashment
• Get payment of interest on overdue deposits

NRO Rupee Deposit

• Avail of overdraft facilities for up to 85% of the deposit
• Tenor: 7 days to 10 years
• Automatic renewal of principal and interest on maturity
• Principal amount and interest earned are fully repatriable
• Funds in NRO account can be repatriated up to USD one million per financial year# for all bonafide purposes
• Loans against FDs may be granted for relending or carrying on agricultural or plantation activity or for investment in real estate
• Premature withdrawal facility available
• Partial withdraw allowed

Foreign Currency Non Resident Deposit (FCNR)

• For opening deposits with any convertible currency received from abroad
• Avail of overdraft facilities for up to 85% of the deposit
• Tenor: 1 year to 5 years
• Interest on FCNR deposits shall be calculated as below:
  • For deposits up to one year, at the applicable rate without any compounding effect
  • For more than 1 year, at intervals of 180 days and thereafter for the remaining actual number of days may be compounded
• Interest earned is not taxable in India
• Currency of Deposit: USD, EURO, GBP, AUD & CAD
• Principal amount and interest earned are fully repatriable
• Withdraw from deposit whenever required

NRI-Pro Foreign Currency Deposit

• With this FD scheme, invest in an NRE deposit linked forward contract product designed to earn high yields in foreign currency
• Use the locked-in exchange rate to convert rupee funds into foreign currency at the end of the tenure and get higher returns
• Combine attractive interest rates with the added advantage of rising exchange rates
• Tenor: 3 months to 5 years
• Minimum Deposit Amount: Rs 5 lakh or equivalent
• Interest earned is not taxable in India
• Earnings are fully repatriable on maturity
• Forward contracts can be booked on existing Fixed Deposit or fresh Fixed Deposit

NRI-Pro Rupee Deposit

• With this FD scheme, earn a higher Rupee yield by locking-in the conversion rate
• Combine attractive interest rates with the added advantage of rising exchange rates
• Tenor: 3 months to 5 years
• Minimum Deposit Amount: USD 10,000 or equivalent
• Interest is not taxable in India
• Earnings are fully repatriable on maturity

Resident Foreign Currency Term Deposit

• This FD scheme is for NRIs who have returned to India or have been residing in India continuously for more than 1 year
• Avail high returns on foreign currency deposits, without foreign exchange conversion risk
• Balance in your account including the interest earned will remain fully repatriable
• Currency of Deposit: US Dollar, Euro, British Pound Sterling, Australian Dollar and Canadian Dollar
• Withdraw from deposit whenever required

Axis Bank FD Calculator

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.

How to Apply for Axis Bank FD?

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.

FAQs

Q. Can I withdraw my Axis Bank FD partially? If yes, are there any charges applicable?

A. Yes, you can make premature partial withdrawal from your Axis Bank Fixed Deposit(s) except from the Tax Saving FD and Fixed Deposit Plus FD schemes. However, partially closing the Axis Bank FD account may attract penal charges. In Axis Bank FDs of less than Rs 5 crore, making the first partial withdrawal of an amount less than equal to 25% of the initial investment amount will not attract any premature closure penalty charges. However, for all other cases, premature closure penalty rate will be applicable for the amount withdrawn.

Q. Can an Axis Bank FD account be opened in the name of a minor?

A. Yes, Axis Bank fixed deposit account(s) can be opened in the name of a minor, however, in joint ownership with an adult, which usually are the parents but can also be his guardians, such as grandparents, etc.

Q. What is the tenure of the Axis Bank fixed deposit account?

A. The minimum tenure of Axis Bank’s fixed deposit account is 7 days while the maximum maturity period is set at 10 years.

Q. What is the highest Axis Bank FD interest rate?

A. Currently, the highest Axis Bank FD interest rate is 7.10% for general depositors for the tenure of 15 months to less than 5 years. For senior citizens, the highest Axis Bank FD rate is 7.60% for the tenure of 5 years to 10 years.

Q. Can an account holder apply for an Axis Bank FD account through Internet Banking?

A. Yes, account holders can apply for Axis Bank FD account through Internet Banking.

Q. Who all are eligible for the Axis Bank FD account?

A. Following are eligible for Axis Bank FD account:

• Residents
• Hindu Undivided Families
• Sole Proprietorship Firms
• Partnership Firms
• Limited Companies
• Trust Accounts

Q. Does Axis Bank provide an auto-renewal facility?

A. Yes, a fixed deposit is automatically renewed for the same time period and rate of interest if there are no instructions from the customer.