Axis Bank FD Rates allow customers to earn good returns on their fixed deposits. These fixed deposit rates keep on changing from time to time and should be kept an eye on when applying for any of the schemes provided by the bank. Let’s understand how this investment option by the bank benefits customers and also know about the prevailing Axis Bank fixed deposit rates.
Table of Contents
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| Tenure | Axis Bank Fixed Deposit Rates (p.a.) | |
| Regular Citizens | Senior Citizens | |
| 7 days – 14 days | 3.50% | 3.50% |
| 15 days to 29 days | 4.25% | 4.25% |
| 30 days to 45 days | 4.90% | 4.90% |
| 46 days to 60 days | 5.40% | 5.40% |
| 61 days to 3 months | 5.40% | 5.40% |
| 3 months < 4 months | 5.40% | 5.40% |
| 4 months < 5 months | 5.40% | 5.40% |
| 5 months < 6 months | 5.40% | 5.40% |
| 6 months < 7 months | 5.80% | 6.05% |
| 7 months < 8 months | 5.80% | 6.05% |
| 8 months < 9 months | 5.80% | 6.05% |
| 9 months < 10 months | 6.05% | 6.30% |
| 10 months < 11 months | 6.05% | 6.30% |
| 11 months < 11 months 25 days | 6.05% | 6.30% |
| 11 month 25 days < 1 year | 6.40% | 6.65% |
| 1 year < 1 year 5 days | 6.55% | 7.20% |
| 1 year 5 days < 1 year 11 days | 6.40% | 7.05% |
| 1 year 11 days < 1 year 25 days | 6.40% | 7.05% |
| 1 year 25 days < 13 months | 6.40% | 7.05% |
| 13 months < 14 months | 6.40% | 7.05% |
| 14 months< 15 months | 6.40% | 7.05% |
| 15 months < 16 months | 6.40% | 7.05% |
| 16 months < 17 months | 6.40% | 7.05% |
| 17 months < 18 months | 6.40% | 7.05% |
| 18 months < 2 years | 6.50% | 7.15% |
| 2 years < 30 months | 6.65% | 7.30% |
| 30 months < 3 years | 6.50% | 7.00% |
| 3 years < 5 years | 6.50% | 7.00% |
| 5 years to 10 years | 6.50% | 7.00% |
Note: The above mentioned Axis Bank FD Rates are applicable with effect from January 9th, 2020.
| Tenure | Axis Bank FD Interest Rates (% p.a) Rs. 2 Crore < Rs. 4.91 Crore | |
| Regular Citizens | Senior Citizens | |
| 7 days – 14 days | 4.00% | 4.00% |
| 15 days to 29 days | 4.25% | 4.25% |
| 30 days to 45 days | 4.90% | 4.90% |
| 46 days to 60 days | 5.40% | 5.40% |
| 61 days to 3 months | 5.40% | 5.40% |
| 3 months < 4 months | 5.40% | 5.40% |
| 4 months < 5 months | 5.40% | 5.40% |
| 5 months < 6 months | 5.40% | 5.40% |
| 6 months < 7 months | 5.80% | 6.05% |
| 7 months < 8 months | 5.80% | 6.05% |
| 8 months < 9 months | 5.80% | 6.05% |
| 9 months < 10 months | 6.05% | 6.30% |
| 10 months < 11 months | 6.05% | 6.30% |
| 11 months < 11 months 25 days | 6.05% | 6.30% |
| 11 months 25 days < 1 year | 6.40% | 6.65% |
| 1 year < 1 year 5 days | 6.55% | 7.20% |
| 1 year 5 days < 1 year 11 days | 6.40% | 7.05% |
| 1 year 11 days < 1 year 25 days | 6.40% | 7.05% |
| 1 year 25 days < 13 months | 6.40% | 7.05% |
| 13 months < 14 months | 6.40% | 7.05% |
| 14 months < 15 months | 6.40% | 7.05% |
| 15 months < 16 months | 6.40% | 7.05% |
| 16 months < 17 months | 6.40% | 7.05% |
| 17 months < 18 months | 6.40% | 7.05% |
| 18 months < 2 years | 6.50% | 7.15% |
| 2 years < 30 months | 6.65% | 7.30% |
| 30 months < 3 years | 6.50% | 7.00% |
| 3 years < 5 years | 6.50% | 7.00% |
| 5 years to 10 years | 6.50% | 7.00% |
Note: The above-mentioned Axis Bank FD Rates are applicable with effect from January 9th, 2020.
| Tenure | Axis Bank FD Interest Rates (% p.a.) Rs. 4.91 Crore < Rs. 4.92 Crore | |
| Regular Citizens | Senior Citizens | |
| 7 days – 14 days | 4.00% | 4.00% |
| 15 days to 29 days | 4.00% | 4.00% |
| 30 days to 45 days | 4.25% | 4.25% |
| 46 days to 60 days | 4.50% | 4.50% |
| 61 days to 3 months | 4.75% | 4.75% |
| 3 months < 4 months | 4.85% | 4.85% |
| 4 months < 5 months | 4.85% | 4.85% |
| 5 months < 6 months | 4.85% | 4.85% |
| 6 months < 7 months | 5.00% | 5.25% |
| 7 months < 8 months | 5.00% | 5.25% |
| 8 months < 9 months | 5.00% | 5.25% |
| 9 months < 10 months | 5.25% | 5.50% |
| 10 months < 11 months | 5.25% | 5.50% |
| 11 months < 11 months 25 days | 5.25% | 5.50% |
| 11 months 25 days < 1 year | 5.25% | 5.50% |
| 1 year < 1 year 5 days | 5.25% | 5.90% |
| 1 year 5 days < 1 year 11 days | 5.25% | 5.90% |
| 1 year 11 days <1 year 25 days | 5.25% | 5.90% |
| 1 year 25 days <13 months | 5.25% | 5.90% |
| 13 months <14 months | 5.25% | 5.90% |
| 14 months <15 months | 5.25% | 5.90% |
| 15 months < 16 months | 5.25% | 5.90% |
| 16 months <17 months | 5.25% | 5.90% |
| 17 months <18 months | 5.25% | 5.90% |
| 18 months <2 years | 5.25% | 5.90% |
| 2 years <30 months | 5.25% | 5.90% |
| 30 months < 3 years | 5.25% | 5.75% |
| 3 years < 5 years | 5.25% | 5.75% |
| 5 years to 10 years | 5.25% | 5.75% |
Note: The above-mentioned Axis Bank FD Rates are applicable with effect from January 9th, 2019.
| Tenure | Axis Bank FD Interest Rates (% p.a) Rs. 4.92 Crore<5 Crore | |
| Regular Citizens | Senior Citizens | |
| 7 days – 14 days | 4.00% | 4.00% |
| 15 days to 29 days | 4.25% | 4.25% |
| 30 days to 45 days | 4.90% | 4.90% |
| 46 days to 60 days | 5.40% | 5.40% |
| 61 days to 3 months | 5.40% | 5.40% |
| 3 months <4 months | 5.40% | 5.40% |
| 4 months <5 months | 5.40% | 5.40% |
| 5 months <6 months | 5.40% | 5.40% |
| 6 months <7 months | 5.80% | 6.05% |
| 7 months <8 months | 5.80% | 6.05% |
| 8 months <9 months | 5.80% | 6.05% |
| 9 months <10 months | 6.05% | 6.30% |
| 10 months <11 months | 6.05% | 6.30% |
| 11 months <11 months 25 days | 6.05% | 6.30% |
| 11 months 25 days < 1 year | 6.40% | 6.65% |
| 1 year <1 year 5 days | 6.55% | 7.20% |
| 1 year 5 days <1 year 11 days | 6.40% | 7.05% |
| 1 year 11 days <1 year 25 days | 6.40% | 7.05% |
| 1 year 25 days <13 months | 6.40% | 7.05% |
| 13 months <14 months | 6.40% | 7.05% |
| 14 months <15 months | 6.40% | 7.05% |
| 15 months <16 months | 6.40% | 7.05% |
| 16 months <17 months | 6.40% | 7.05% |
| 17 months<18 months | 6.40% | 7.05% |
| 18 months <2 years | 6.50% | 7.15% |
| 2 years <30 months | 6.65% | 7.30% |
| 30 months <3 years | 6.50% | 7.00% |
| 3 years <5 years | 6.50% | 7.00% |
| 5 years to 10 years | 6.50% | 7.00% |
Note: The above-mentioned Axis Bank FD Rates are applicable with effect from January 9th, 2019.
| Tenure | Regular Citizens | Senior Citizens |
| 5 years | 6.50% | 7.00% |
Some of the important features wrapping the fixed deposit schemes by the Axis Bank are:
Benefits one can fetch upon parking one’s savings in Axis Bank’s fixed deposit schemes:
Read more to understand the types of Axis Bank FD schemes
The bank has the following types of fixed deposit schemes for Non-Resident Indians to park their home-land savings as well as foreign savings:
Below-mentioned are the prevailing NRI FD Rates by Axis Bank
NRE or Non-Resident External FD account is for those NRIs who wish to park their foreign savings in the banks of India. Withdrawals are made in Indian National Rupee or INR. There is forex risk involved. This FD is not taxable in India. Below are the current Axis Bank FD rates for the said fixed deposit type:
| Tenure | Interest Rates on Fixed Deposits below Rs. 2 crore |
| 1 year < 1 year 5 days | 6.55% |
| 1 year 5 days < 1 year 11 days | 6.40% |
| 1 year 11 days < 1 year 25 days | 6.40% |
| 1 year 25 days < 13 months | 6.40% |
| 13 months < 14 months | 6.40% |
| 14 months < 15 months | 6.40% |
| 15 months < 16 months | 6.40% |
| 16 months < 17 months | 6.40% |
| 17 months < 18 months | 6.40% |
| 18 months < 2 years | 6.50% |
| 2 years < 30 months | 6.65% |
| 30 months < 3 years | 6.50% |
| 3 years < 5 years | 6.50% |
| 5 years < 10 years | 6.50% |
Note: The above-mentioned Axis Bank FD Rates are applicable with effect from January 9th, 2019.
NRO or Non-Resident Ordinary FD account is for NRI customers who wish to park their Indian earnings in fixed deposit account with Indian banks. Since the deposits are made in Indian Rupee, funds in the account are not exposed to forex risks. It is taxable in India. Check the prevailing NRO FD rates below:
| Tenure | Interest Rates on Fixed Deposits below Rs. 2 crore |
| 7 days to 14 days | 3.50% |
| 15 days to 29 days | 4.25% |
| 30 days to 45 days | 4.90% |
| 46 days to 60 days | 5.40% |
| 61 days to 3 months | 5.40% |
| 3 months < 4 months | 5.40% |
| 4 months < 5 months | 5.40% |
| 5 months < 6 months | 5.40% |
| 6 months < 7 months | 5.80% |
| 7 months < 8 months | 5.80% |
| 8 months < 9 months | 5.80% |
| 9 months < 10 months | 6.05% |
| 10 months < 11 months | 6.05% |
| 11 months < 11 months 25 days | 6.05% |
| 11 months 25 days < 1 year | 6.40% |
| 1 year < 1 year 5 days | 6.55% |
| 1 year 5 days < 1 year 11 days | 6.40% |
| 1 year 11 days < 1 year 25 days | 6.40% |
| 1 year 25 days < 13 months | 6.40% |
| 13 months < 14 months | 6.40% |
| 14 months < 15 months | 6.40% |
| 15 months < 16 months | 6.40% |
| 16 months < 17 months | 6.40% |
| 17 months < 18 months | 6.40% |
| 18 months < 2 years | 6.50% |
| 2 years < 30 months | 6.65% |
| 30 months < 3 years | 6.50% |
| 3 years < 5 years | 6.50% |
| 5 years < 10 years | 6.50% |
Note: The above-mentioned Axis Bank FD Rates are applicable with effect from January 9th, 2019.
FCNR (B) or Foreign Currency Non-Resident (Bank) FD Account is designed for those who wish to park their foreign savings in foreign currency itself in Indian banks. This type of account is maintained in foreign currency only. There is no forex risk involved. It is not taxable in India.
| Tenure | USD | GBP | EUR | AUD | CAD | JPY | |
| Below 5 million | 5 million & above | ||||||
| 1 year only | 2.65% | 2.65% | 1.35% | 0.05% | 1.65% | 1.75% | 0.05% |
| Above 2 year but less than 2 years | 2.65% | 2.65% | 1.35% | 0.05% | 1.65% | 1.75% | 0.05% |
| 2 years and above but less than 3 years | 2.50% | 2.50% | 1.40% | 0.05% | 1.65% | 1.85% | 0.05% |
| 3 years to less than 4 years | 2.50% | 2.50% | 1.40% | 0.05% | 1.65% | 2.00% | 0.05% |
| 4 years to less than 5 years | 2.50% | 2.50% | 1.40% | 0.05% | 1.65% | 2.05% | 0.05% |
| 5 years only | 2.50% | 2.50% | 1.40% | 0.05% | 1.65% | 2.10% | 0.05% |
Note – The above mentioned Axis Bank FD Rates are applicable with effect from December 26th, 2019.
RFC or Resident Foreign Currency FD Account is for NRIs who have either permanently returned to India or is living in India for a continuous period of 1 year. They can deposit their savings in foreign currency and avail returns on the same. There is no foreign exchange conversion risk involved. The entire fund value is fully repatriable.
| Tenure | USD | GBP | EUR | AUD | CAD | |
| Below 5 million | 5 million & above | |||||
| 30 days to less than 3 months | 1.00% | 1.00% | 0.50% | 0.05% | 1.50% | 1.00% |
| 3 months to less than 6 months | 1.50% | 1.50% | 0.75% | 0.05% | 1.50% | 1.25% |
| 6 months to less than 12 months | 2.00% | 2.00% | 1.00% | 0.05% | 1.50% | 1.25% |
| 12 months and above but less than 2 years | 2.65% | 2.65% | 1.35% | 0.05% | 1.65% | 1.75% |
| 2 years and above but less than 3 years | 2.50% | 2.50% | 1.40% | 0.05% | 1.65% | 1.85% |
| 3 years and above but less than 4 years | 2.50% | 2.50% | 1.40% | 0.05% | 1.65% | 2.00% |
| 4 years and above but less than 5 years | 2.50% | 2.50% | 1.40% | 0.05% | 1.65% | 2.05% |
| 5 years only | 2.50% | 2.50% | 1.40% | 0.05% | 1.65% | 2.10% |
Note: The above mentioned Axis Bank FD Rates are applicable with effect from December 26th, 2019.
Let us see how the Axis Bank domestic FD interest rates are spread across the tenure:
The rates start from 3.50% for 7 days to 14 days of maturing period. This goes from 4.25% to 5.80% for tenure ranging from 15 days to less than 9 months. For deposits maturing in 9 months to less than 11 months 25 days, people can earn interest @ 6.05%. For 1 year to less than 18 months, rates are set at 6.40%. For deposits with maturity period of 18 months to below 2 years earn interest at 6.50% whereas for the remaining tenure of 2 years – 10 years, this range is set at 6.70%.
Senior citizens get preferential rates for tenure starting from 6 months to 10 years. Senior citizens get additional interest rates ranging from 25 bps to 65 bps.
Axis Bank FD Interest Rates 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 Axis Bank Fixed Deposit can check the maturity amount and interest earned by providing details like –
Using Axis Bank FD Calculator, account holders can check and compare Axis Bank FD Rates with other banks as well.
The bank provides as many as 5 fixed deposit schemes fit for a variety of investors. These are:
Premature withdrawal facility means that the depositor can withdraw the fixed deposit amount before maturity. Fixed Deposit is classified into two types:
However, individuals who want to make premature withdrawals will be required to pay 1% penalty for the same, which will be charged on the Axis Bank FD Rate.
Axis Bank provides its customers with the facility of loan against fixed deposit up to 85% of the value of their fixed deposit at attractive interest rates. The minimum loan amount against Axis Bank fixed deposit is Rs. 25,000. Account holders will be required to pay 2% above their Axis Bank FD Interest Rate.
Suggested Read : Axis Bank Loan Against FD
The money invested in an Axis Bank fixed deposit is taxable under the rules set by the Income Tax Act, 1961. The bank deducts tax at source before crediting the interest to the account of the depositor.
Eligibility Criteria
Individuals who belong to any of the below-mentioned categories are eligible for Axis Bank Fixed Deposit Account:
Note: The documents will differ for individuals and type of entity depending on the eligibility for the same.
Documents Required
For individual, HUF, Sole Proprietorship concern
For Trusts
For Associations/Clubs
For Partnership Firm
Q. What is the tenure of Axis Bank fixed deposit account?
A. The minimum tenure of Axis Bank 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 6.70%. It is 7.20% for senior citizens.
Q. Can an account holder apply for 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 Axis Bank FD account?
A. Following are eligible for Axis Bank FD account:
Q. Does Axis Bank provides 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.
| Axis Bank FD rates revised |
| 09th October 2019 Due to the recent change in repo rate (by Reserve Bank of India (RBI), Axis Bank has revised interest rates for fixed deposits w.e.f. October 4th, 2019. For the tenure of 11 months 25 days to less than 1 year for deposits below Rs. 2 crore, there has been an increase in the interest rate offered by 10 basis points. Earlier the bank was giving 6.60% ROI whereas now the same has been hiked to 6.70%. Other changes in ROI have been down the slope with 10 to 11.50 bps. |
| Axis Bank launches ‘Express FD’ – A digitally enabled fixed deposit account |
| 01st October 2019 Private money lender, Axis Bank announced the launch of its latest fixed deposit scheme, ‘Express FD’. Doing justice to its name, Express FD can easily be opened online within 3 minutes only.For opening an Express FD account, customers won’t have to open a savings account with Axis Bank, unlike usual schemes. This product has been launched to cater to the needs of young investors who want to enter in short term investments. Making the application process completely digital, the bank has successfully encompassed the tech-savvy investors.Investors can deposit funds in the account using options like net-banking, debit card and UPI. The scheme comes with additional benefits like availing personal loan, credit card, etc. The FD can be opened for a tenure ranging from 6 to 12 months while the deposit can be kept in the range of Rs. 5,000 – Rs. 90,000. Bank does not charge any issuance fee. Also, no penalties are charged on premature withdrawal of up to 25% of the balance amount. |
| Axis Bank FD rates revised for the second time in the month |
| 25th September 2019 Private sector lender, Axis Bank has revised its FD interest rates with effect from September 25th, 2019. Rates for tenure of different tenure have been slashed down by up to 40 basis points. Although this revision usually entails only cutting down of FD rates but there is an exception to it this time. For FDs maturing in 15 – 29 days, Axis Bank has increased the rate by 50 bps. Earlier the rate was set at 3.50% interest rate whereas now investors can earn 4.00% interest. All the changes will be reflected on senior citizen rates too. |
| Axis Bank Revises Fixed Deposit Interest Rates |
| 10th September 2019 Axis Bank has once again revised its fixed deposit interest rates for deposits below Rs. 2 crore with effect from 10th September 2019. The bank is offering an interest rate of 3.50% to 7.10% for a period of 7 days to 10 years for regular individuals and 3.50% to 7.75% to senior citizens. |
| Axis Bank Revises Fixed Deposit Interest Rates |
| 10th August 2019 Axis Bank has revised its Fixed Deposit interest rates with effect from 10th August 2019 for deposit below Rs. 2 crore. The bank is offering an interest rate from 3.50% to is 7.20% for a period of 7 days to 10 years. The highest interest rate offered by the bank for FDs is 7.20% maturing between 1 year 25 days to less than 14 months. |
| Axis Bank Hikes Interest Rates on Fixed Deposit |
| 01st Jun 2018 After a recent interest rate hike by State Bank of India, Axis Bank has also introduced new fixed deposit tenure of 12 months 5 days to under 12 months 11 days. Deposits of less than Rs. 1 Crore for this tenure will earn interest at the rate of 7.4 percent. Interest rate on deposits of Rs. 1 crore to less than Rs. 5 crore has been increased to 7.60 percent. This is the highest rate of interest offered by Axis Bank on its fixed deposits across all tenure. |
