Axis Bank FD Interest Rates, April 2020

Tenure	General Public FD Rates	Senior Citizen FD Rates
7 days to 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%
90 days to 119 days	5.40%	5.40%
4 months to 5 months	5.40%	5.40%
5 months to 6 months	5.40%	5.40%
6 months to 8 months 29 days	5.80%	5.80%
9 months to 11 months 25 days	6.05%	6.30%
13 months to 17 months 29 days	6.40%	7.05%
18 months to 2 years	6.50%	7.15%
30 months to 3 years	6.50%	7.00%
1 year to 1 year 24 days	6.40%	7.05%
1 year 25 days to 12 months 29 days	6.45%	7.10%
2 years to 30 months	6.50%	7.15%
3 years to 4 years 364 days	6.50%	7.00%
5 years to 10 years	6.50%	7.00%

Investment Amount Minimum - Rs.10000 Maximum- No Maximum Limit

Tenure Minimum - 7 daysMaximum- 10 Years

Kick Start with a low Investment Start an FD with a minimum amount of Rs. 10,000 only

Go for Reinvestment Deposits and Earn Interest Avail competitive interest rates on your fixed deposits

There are multiple fixed deposit options provided by the Axis Bank. You can park your surplus savings in an Axis bank FD for a fixed duration and earn interest on the amount deposited. The amount should be deposited while opening the FD account. It is not possible to withdraw the amount or deposit an additional amount during the tenure of your FD. Axis bank fixed deposits offers a higher interest rate on your fixed deposits.

Benefits of Axis Bank Fixed Deposits -

Offers higher returns on the deposited amount
Great returns on short-term deposits as well
Hassle-free FD opening procedure
Nomination facility is provided
Automatic rollover of both the interest and the principal amount

Axis Bank Fixed Deposit (FD) Rates 2019

FD Period	Interest Rates for FDs lesser than 2 crore rupees	Interest rates for regular Fixed Deposits between 2 crore and 5 crores
7 days to 14 days	3.50	4.50
15 days to 29 days	4.00	4.75
30 days to 45 days	5.20	5.40
46 days to 60 days	5.65	5.65
61 days < 3 months	5.65	5.65
3 months < 4 months	5.75	5.75
4 months < 5 months	5.75	5.75
5 months < 6 months	5.75	6.00
6 months < 7 months	6.25	6.25
7 months < 8 months	6.25	6.25
8 months < 9 months	6.25	6.25
9 months < 10 months	6.35	6.40
10 months < 11 months	6.35	6.50
11 months < 11 months 25 days	6.35	6.50
11 months 25 days < 1 year	6.70	6.50
1 year < 1 year 5 days	6.60	6.60
1 year 5 days < 1 year 11 days	6.60	6.60
1 year 11 days < 1 year 25 days	6.60	6.60
1 year 25 days < 13 months	6.70	6.70
13 months < 14 months	6.70	6.70
14 months < 15 months	6.70	6.70
15 months < 16 months	6.70	6.70
16 months < 17 months	6.70	6.70
17 months < 18 months	6.70	6.70
18 Months < 2 years	6.80	6.80
2 years < 30 months	7.00	7.00
30 months < 3 years	7.00	7.00
3 years < 5 years	6.75	6.75
5 years to 10 years	6.75	6.75

** The interest rates are subject to change without prior notice

Axis Bank Short-term Fixed Deposit Rates

Short-term FDs range between 7 days and 1 year.

For short-term deposits, you can earn returns on your investments anywhere between 3. 50 % and 7.00% ( regular FDs)
Senior citizens can earn investment returns between 3. 50 and 7.25% on their deposits (lesser than 5 crore rupees). And for deposits above 5 crore rupees, the range lies between 5.75 to 7.70%.

Axis Bank Medium and Long-term Fixed Deposit Rates

Long-term FDs can range anywhere between 1 year and 10 years
If the deposited amount is lesser than 1 crore rupees then interest on your investments will range within 7.25 % to 7.30%
And for deposits between 1 and 5 crores, the rate of interest lies between 7.50% to 7.75%
The rate of interest will range between 7.50 to 7.90 percent for senior citizens depositing lesser than 1 crore rupees. And for deposits between 1 and 5 crore rupees, the rate of interest ranges from 7.50% to 8.40%.
And for deposits above 5 crore rupees, the rate of interest for senior citizens lies between 7.50 and 8.00%

Axis Bank Senior Citizens FD rates

FD Period	Interest Rates for Deposits lesser than 2 crore rupees	Interest rates for Deposits between 2 crore and 5 crores
7 days to 14 days	3.50	4.50
15 days to 29 days	4.00	4.75
30 days to 45 days	5.20	5.40
46 days to 60 days	5.65	5.65
61 days < 3 months	5.65	5.65
3 months < 4 months	5.75	5.75
4 months < 5 months	5.75	5.75
5 months < 6 months	5.75	6.00
6 months < 7 months	6.50	6.50
7 months < 8 months	6.50	6.50
8 months < 9 months	6.50	6.50
9 months < 10 months	6.60	6.65
10 months < 11 months	6.60	6.75
11 months < 11 months 25 days	6.60	6.75
11 months 25 days < 1 year	6.95	6.75
1 year < 1 year 5 days	7.25	7.25
1 year 5 days < 1 year 11 days	7.25	7.25
1 year 11 days < 1 year 25 days	7.25	7.25
1 year 25 days < 13 months	7.35	7.35
13 months < 14 months	7.35	7.35
14 months < 15 months	7.35	7.35
15 months < 16 months	7.35	7.35
16 months < 17 months	7.35	7.35
17 months < 18 months	7.35	7.35
18 Months < 2 years	7.45	7.45
2 years < 30 months	7.65	7.65
30 months < 3 years	7.50	7.50
3 years < 5 years	7.25	7.25
5 years to 10 years	7.25	7.25

Loan Against Axis Bank FDs

You can avail loan up to 85% against your Axis Bank fixed deposits. Axis Bank provides loan against fixed deposits at 2% above your fixed deposit rates.

The tenure of the loan is limited up to the maximum duration of your FD.

Axis Bank NRI FDs

Axis bank offers the Non-resident Indians to park their savings in an NRE or Non-Resident External Rupee Account is maintained by (NRI).

The investment can only be made in Indian Rupees and no tax is levied on the Interest earned is. And there is no restriction on transferring the money.

Interest Rates on NRI Deposits

Non-Resident External Deposits - Less Than 5 Crores Rupees

NRE Deposit Period	Interest Rates p.a. (%)	Interest rates (% p.a.)
NRE DEPOSITS:	Interest Rate on Deposits Below INR 2 Crore	Interest rates on Deposits Between INR 1 Crore and 5 crores
1 year < 1 year 5 days	6.60	6.60
1 year 5 days < 1 year 11 days	6.60	6.60
1 year 11 days < 1 year 25 days	6.60	6.60
1 year 25 days < 13 months	6.70	6.70
13 months < 14 months	6.70	6.70
14 months < 15 months	6.70	6.70
15 months < 16 months	6.70	6.70
16 months < 17 months	6.70	6.70
17 months < 18 months	6.70	6.70
18 Months < 2 years	6.80	6.80
2 years < 30 months	7.00	7.00
30 months < 3 years	7.00	7.00
3 years < 5 years	6.75	6.75
5 years to 10 years	6.75	6.75

Non-Resident External (NRE) Deposits - More Than 5 Crore Rupees

PERIOD	INTEREST RATES (% P.A.)
	RS. 5 CRORES < RS.10 CRORES	RS. 10 CRORES < RS.24.75 CRORES	RS. 24.75 CRORES < RS.25 CRORES	RS. 25 CRORES < RS.50 CRORES	RS. 50 CRORES < RS.100 CRORES	RS. 100 CRORES AND ABOVE
NRE DEPOSITS:
1 year < 1 year 5 days	6.60	6.60	5.90	6.60	6.60	6.60
1 year 5 days < 1 year 11 days	6.60	6.60	5.90	6.60	6.60	6.60
1 year 11 days < 1 year 25 days	6.60	6.60	5.90	6.60	6.60	6.60
1 year 25 days < 13 months	6.60	6.60	5.90	6.60	6.60	6.60
13 months < 14 months	6.60	6.60	5.90	6.60	6.60	6.60
14 months < 15 months	6.50	6.50	5.90	6.50	6.50	6.50
15 months < 16 months	6.50	6.50	5.90	6.50	6.50	6.50
16 months < 17 months	6.50	6.50	5.90	6.50	6.50	6.50
17 months < 18 months	6.50	6.50	5.90	6.50	6.50	6.50
18 Months < 2 years	6.50	6.50	5.90	6.50	6.50	6.50
2 years < 30 months	6.65	6.65	5.90	6.65	6.65	6.65
30 months < 3 years	6.65	6.65	5.90	6.65	6.65	6.65
3 years < 5 years	6.75	6.75	5.90	6.75	6.75	6.75
5 years to 10 years	6.75	6.75	5.75	6.75	6.75	6.75

Interest Rates on NRO Deposits

PERIOD	INTEREST RATES (% P.A.)
	DEPOSITS BELOW RS. 2 CRORE	DEPOSITS OF RS. 2 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	3.50	4.50	4.50	4.50
15 days to 29 days	4.00	4.75	4.75	4.75
30 days to 45 days	5.20	5.40	5.00	5.40
46 days to 60 days	5.65	5.65	5.25	5.65
61 days < 3 months	5.65	5.65	5.50	5.65
3 months < 4 months	5.75	5.75	5.50	5.75
4 months < 5 months	5.75	5.75	5.50	5.75
5 months < 6 months	5.75	6.00	5.50	6.00
6 months < 7 months	6.25	6.25	5.50	6.25
7 months < 8 months	6.25	6.25	5.50	6.25
8 months < 9 months	6.25	6.25	5.50	6.25
9 months < 10 months	6.35	6.40	5.75	6.40
10 months < 11 months	6.35	6.50	5.75	6.50
11 months < 11 months 25 days	6.35	6.50	5.75	6.50
11 months 25 days < 1 year	6.70	6.50	5.75	6.50
1 year < 1 year 5 days	6.60	6.60	5.90	6.60
1 year 5 days < 1 year 11 days	6.60	6.60	5.90	6.60
1 year 11 days < 1 year 25 days	6.60	6.60	5.90	6.60
1 year 25 days < 13 months	6.70	6.70	5.90	6.70
13 months < 14 months	6.70	6.70	5.90	6.70
14 months < 15 months	6.70	6.70	5.90	6.70
15 months < 16 months	6.70	6.70	5.90	6.70
16 months < 17 months	6.70	6.70	5.90	6.70
17 months < 18 months	6.70	6.70	5.90	6.70
18 Months < 2 years	6.80	6.80	5.90	6.80
2 years < 30 months	7.00	7.00	5.90	7.00
30 months < 3 years	7.00	7.00	5.90	7.00
3 years < 5 years	6.75	6.75	5.90	6.75
5 years to 10 years	6.75	6.75	5.75	6.75

Fixed-Income & Market-Linked Investments

Fixed-Income Investments: Interest-bearing investment schemes such as fixed deposits offers a fixed return after the completion of the specified maturity period.
It is a good investment option to meet your fixed requirements after a certain time period. It is wise to put money in fixed income investments to ensure uninterrupted cash flow at the time of need.
Such instruments are recommended to preserve the capital amount and provide regular income flow to meet monthly financial requirements.
Market-Linked Investments: In market-linked investment instruments the returns neither are assured nor fixed. The options are ULIPS, Equity share, NPS, and mutual funds. They offer higher returns but are subject to market risks.
Role of Market-Linked Investments: The return on fixed income investments is comparatively lower as compared to market-linked investments such as equities.
It is a better investment option for young investors who can afford to take risks, wait for a longer duration to get higher returns.

FD in Axis Bank - Premature Withdrawal

In case of premature closure of your FD, the Axis bank will offer 1 percent lesser interest rate than the contracted rate of interest.

Axis Bank FDS - FAQs

Q1. What is the highest interest rate that is offered by the Axis Bank?

The Axis Bank offers a maximum of 7.75% interest rate on your deposits.

Q2. What is the interest rate that Axis Bank offers on senior citizens FDs?

Usually, senior citizens are offered a 0.5% higher interest rate on the FDs, and it ranges from 3.50% to 8.40% depending on the amount invested.

Q3. What are the FD tenure options with Axis Bank?

You can choose any tenure between 7 days and 10 years.

Q4. What is the minimum amount required to start an Axis Bank fixed deposit account?

You can start your FD with 10,000 rupees.

Q5. Can I add more money to my existing FD?

It is only possible to invest money at the time of opening an FD. If you want to invest more money then you will have to open a new FD account.

Q6. What is the eligibility criterion to open an Axis Bank FD account?

All resident individuals, Firms, HUFs, NRIs are eligible to invest in the Axis Bank fixed deposits.

Q7. Do I need to submit any documents to start an Axis Bank FD?

You need to provide 2 photographs, Driving License or passport to start a fixed deposit account.

Q8. Can I open my Axis Bank FD without a PAN card?

You will have to face the following consequences or not having a PAN card while opening an FD Account-

Instead of 10%, the TDS deduction will be done at the rate of 20%
You will not get any TDS credit
No issuance of TDS certificate
It will invalidate your exemption certificates

Q9. Can I make alterations to the tenure of my ongoing Axis Bank FD?

You cannot make alterations to the tenure of an ongoing FD. However, you can start a new FD with the desired tenure.

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