Axis Bank FD Interest Rates

 

About Axis Bank FD

Axis Bank is the third largest private sector bank in India. Axis Bank offers a wide range of financial services to various customer segments like large and mid-cap corporations, MSMEs, and retail and agricultural businesses. The bank was incorporated in 1994 as a UTI bank and was renamed in July 2007. It is headquartered in Mumbai. As of March 31st, 2022, Axis Bank has 4,758 outlets across India and more than 16,990 ATMs/ Cash Withdrawal Machines. Axis Bank Deposits stood at INR 8,21,721 crores as of March 2022. Axis Bank’s Fixed Deposits have a AAA Credit Rating.

3.5% - 7.1%

FD Rate

3.5% - 7.9%

FD Rate for Seniors

₹ 5000

Minimum Deposit

₹ 2 Crores

Maximum Deposit

-

Lock-in

-

FD Tenure

-

Loan against FD

AAA (Stable)

CRISIL Rating

Axis Bank Fixed Deposit Interest Rates: Below Rs.2 crore

Tenure	Interest Rates for General Citizens (p.a.)	Interest Rates for Senior Citizens (p.a.)
7 days to 14 days	3.50%	3.50%
15 days to 29 days	3.50%	3.50%
30 days to 45 days	3.50%	3.50%
46 days to 60 days	4.00%	4.00%
61 days < 3 months	4.50%	4.50%
3 months < 4 months	4.75%	4.75%
4 months < 5 months	4.75%	4.75%
5 months < 6 months	4.75%	4.75%
6 months < 7 months	5.75%	6.00%
7 months < 8 months	5.75%	6.00%
8 months < 9 months	5.75%	6.00%
9 months < 10 months	6.00%	6.25%
10 months < 11 months	6.00%	6.25%
11 months to 11 months 24 days	6.00%	6.25%
11 months 25 days < 1 year	6.00%	6.25%
1 year to 1 year 4 days	6.75%	7.50%
1 year 5 days to 1 year 10 days	6.80%	7.55%
1 year 11 days to 1 year 24 days	6.80%	7.55%
1 year 25 days < 13 months	6.80%	7.55%
13 months < 14 months	7.10%	7.85%
14 months < 15 months	7.10%	7.85%
15 months < 16 months	7.10%	7.85%
16 months < 17 months	7.10%	7.85%
17 months < 18 months	7.10%	7.85%
18 Months < 2 years	7.10%	7.85%
2 years < 30 months	7.05%	7.80%
30 months < 3 years	7.00%	7.75%
3 years < 5 years	7.00%	7.75%
5 years to 10 years	7.00%	7.75%

Note: The interest rates mentioned in the table are effective from 26 July 2023.

Domestic Rates for Deposits of Above Rs.2 crore: For Senior Citizens

Tenure	DEPOSITS OF RS. 2 CRORE< RS.2.30 CRORES	DEPOSITS OF RS. 2.30 CRORE < RS.2.40 CRORES	DEPOSITS OF RS. 2.40 CRORE < RS.4.91 CRORES	DEPOSITS OF RS. 4.91 CRORE < RS.4.92 CRORES	DEPOSITS OF RS. 4.92 CRORE < RS.5 CRORES
7 days to 14 days	4.80	4.75	4.80	4.75	4.80
15 days to 29 days	5.00	4.75	5.00	4.75	5.00
30 days to 45 days	5.50	4.75	5.50	4.75	5.50
46 days to 60 days	6.00	4.75	6.00	4.75	6.00
61 days < 3 months	6.25	4.75	6.25	4.75	6.25
3 months < 4 months	6.50	4.75	6.50	4.75	6.50
4 months < 5 months	6.50	4.75	6.50	4.75	6.50
5 months < 6 months	6.50	4.75	6.50	4.75	6.50
6 months < 7 months	6.90	5.00	6.90	5.00	6.90
7 months < 8 months	6.90	5.00	6.90	5.00	6.90
8 months < 9 months	6.90	5.00	6.90	5.00	6.90
9 months < 10 months	7.00	5.25	7.00	5.25	7.00
10 months < 11 months	7.00	5.25	7.00	5.25	7.00
11 months to 11 months 24 days	7.00	5.25	7.00	5.25	7.00
11 months 25 days < 1 year	7.00	5.25	7.00	5.25	7.00
1 year to 1 year 4 days	8.00	5.75	8.00	5.75	8.00
1 year 5 days to 1 year 10 days	8.00	5.75	8.00	5.75	8.00
1 year 11 days to 1 year 24 days	8.00	5.75	8.00	5.75	8.00
1 year 25 days < 13 months	8.00	5.75	8.00	5.75	8.00
13 months < 14 months	8.00	5.75	8.00	5.75	8.00
14 months < 15 months	8.00	5.75	8.00	5.75	8.00
15 months < 16 months	7.90	5.75	7.90	5.75	7.90
16 months < 17 months	7.90	5.75	7.90	5.75	7.90
17 months < 18 months	7.90	5.75	7.90	5.75	7.90
18 Months < 2 years	7.90	5.75	7.90	5.75	7.90
2 years < 30 months	7.75	5.75	7.75	5.75	7.75
30 months < 3 years	7.75	5.75	7.75	5.75	7.75
3 years < 5 years	7.75	5.75	7.75	5.75	7.75
5 years to 10 years	7.75	5.75	7.75	5.75	7.75

Note: The interest rates mentioned in the table are effective from 26 July 2023.

Axis Bank NRI FD Rates

Axis Bank NRE FD Rates (Less the Rs.2 crore)

Tenure	Rate of Interest (p.a.)
1 year to 1 year 4 days	6.75%
1 year 5 days to 1 year 10 days	6.80%
1 year 11 days to 1 year 24 days	6.80%
1 year 25 days to less than13 months	6.80%
13 months to less than 16 months	7.10%
16 months to less than 17 months	7.10%
17 Months to less than 2 years	7.10%
2 years to less than 30 months	7.05%
30 months to less than 3 years	7.00%
3 years to less than 5 years	7.00%
5 years to 10 years	7.00%

Note: The interest rates mentioned in the table are effective from 26 July 2023.

Types of Axis Bank FD Schemes

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

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 or charges
• Available only for single account holders

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

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.