There are multiple fixed deposit options provided by 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 FD rates are higher.
Save upto ₹46,800 in tax under Sec 80C
Inbuilt Life Cover
Tax Free Returns Unlike FD
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Your Money is Safe, Secure & Guaranteed
Get higher Returns than Fixed Deposit along with Tax Benefits
BANKS | GENERAL CITIZENS | SENIOR CITIZEN |
Axis Bank FD Rates | 2.50% - 5.75% | 2.50% - 6.50% |
Bandhan Bank FD Rates | 3.00% - 5.00% | 3.75% - 5.75% |
Bank of Baroda FD Rates | 2.80% - 5.25% | 3.30% - 6.25% |
Bank of India FD Rates | 2.85% - 5.05% | 3.35% - 5.55% |
Canara Bank FD Rates | 2.90% - 5.40% | 2.90% - 5.90% |
Central Bank of India FD Rates | 2.75% - 5.00% | 2.90% - 3.25% |
DBS Bank FD Rates | 2.50% - 5.50% | 3.50% - 6.00% |
HDFC Bank FD Rates | 2.50% - 5.60% | 3.00% - 6.35% |
IDFC Bank FD Rates | 2.50% - 6.00% | 3.00% - 6.50% |
Indian Bank FD Rates | 2.90% - 5.15% | 3.40% - 5.65% |
Indian Overseas Bank FD Rates | 3.40% - 5.20% | 3.90% - 5.70% |
IndusInd Bank FD Rates | 2.50% - 6.00% | 3.00% - 6.50% |
Punjab National Bank FD Rates | 2.90% - 5.25% | 3.50% - 5.75% |
SBI FD Rates | 5.30% - 5.40% | 5.80% - 6.20% |
UCO Bank FD Rates | 2.55% - 5.05% | 3.80% - 6.30% |
Yes Bank FD Rates | 3.25% - 6.25% | 3.75% - 7.25% |
The tenure of Aix Bank fixed deposits ranges from 7 days to 10 years.
The Axis Bank FD rates are attractive and the senior citizens get a 0.50% extra rate of interest on regular Axis Bank FD interest rates.
You can start your fixed deposit account with Axis Bank by investing a minimum amount of Rs. 10,000.
The bank provides the facility wherein you can avoid the penalties over premature encashment of the fixed deposits.
Nomination facility is available.
Very simple and easy fixed deposit account opening process.
The facility of loan against FD of up to 90% of the FD amount is provided by the bank.
A wide range of fixed deposits to select from.
Axis Bank Fixed Deposit calculator is an easy-to-use, hassle-free tool that helps in quick calculation of the maturity amount and the interest earned receivable at the end of the policy tenure. By entering some basic details, you can calculate the correct FD amount. Here are the steps that an investor needs to follow to calculate Fixed Deposit rates on the FD Calculator:
The amount that is invested
The Rate of Interest offered
The tenure of the Fixed Deposit Account
The compounding period, that is, yearly, half-yearly, quarterly, or monthly
The FD Amount
Once entered the following details, an investor will come to know:
The maturity value of the FD
The total interest earned during the complete tenure
Tenure | Interest Rates (% Per Annum) | |||
Below Rs. 2 crores | Above Rs. 2 crores but less than Rs. 4.91 crores | Above Rs. 4.91 crores but less than Rs. 4.92 crores | Above Rs. 4.92 crores but less than Rs. 5 crores | |
7 days to 14 days | 2.5 | 3.05 | 2.75 | 3.05 |
15 days to 29 days | 2.5 | 3.05 | 2.75 | 3.05 |
30 days to 45 days | 3 | 3.35 | 2.75 | 3.35 |
46 days to 60 days | 3 | 3.35 | 2.75 | 3.35 |
61 days < 3 months | 3 | 3.5 | 2.85 | 3.5 |
3 months < 4 months | 3.5 | 4 | 2.85 | 4 |
4 months < 5 months | 3.5 | 4 | 2.85 | 4 |
5 months < 6 months | 3.5 | 4 | 2.85 | 4 |
6 months < 7 months | 4.4 | 4.25 | 3 | 4.25 |
7 months < 8 months | 4.4 | 4.25 | 3 | 4.25 |
8 months < 9 months | 4.4 | 4.25 | 3 | 4.25 |
9 months < 10 months | 4.75 | 4.3 | 3 | 4.3 |
10 months < 11 months | 4.75 | 4.3 | 3 | 4.3 |
11 months < 11 months 25 days | 4.75 | 4.3 | 3 | 4.3 |
11 months 25 days < 1 year | 4.75 | 4.3 | 3 | 4.3 |
1 year < 1 year 5 days | 5.25 | 4.65 | 3.3 | 4.65 |
1 year 5 days < 1 year 11days | 5.25 | 4.65 | 3.3 | 4.65 |
1 year 11days < 1 year 25days | 5.25 | 4.65 | 3.3 | 4.65 |
1 year 25 days < 13 months | 5.25 | 4.65 | 3.3 | 4.65 |
13 months < 14 months | 5.25 | 4.65 | 3.3 | 4.65 |
14 months < 15 months | 5.25 | 4.65 | 3.3 | 4.65 |
15 months < 16 months | 5.3 | 4.65 | 3.3 | 4.65 |
16 months < 17 months | 5.3 | 4.65 | 3.3 | 4.65 |
17 months < 18 months | 5.3 | 4.65 | 3.3 | 4.65 |
18 months < 2 years | 5.3 | 4.7 | 3.3 | 4.7 |
2 years < 30 months | 5.6 | 4.8 | 3.3 | 4.8 |
30 months < 3 years | 5.6 | 4.8 | 3.3 | 4.8 |
3 years < 5 years | 5.6 | 4.85 | 3.3 | 4.85 |
5 years to 10 years | 5.75 | 4.85 | 3.3 | 4.85 |
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Tenure | Interest Rates (% Per Annum) | |||
Below Rs. 2 crores | Above Rs. 2 crores but less than Rs. 4.91 crores | Above Rs. 4.91 crores but less than Rs. 4.92 crores | Above Rs. 4.92 crores but less than Rs. 5 crores | |
7 days to 14 days | 2.5 | 3.05 | 2.75 | 3.05 |
15 days to 29 days | 2.5 | 3.05 | 2.75 | 3.05 |
30 days to 45 days | 3 | 3.35 | 2.75 | 3.35 |
46 days to 60 days | 3 | 3.35 | 2.75 | 3.35 |
61 days < 3 months | 3 | 3.5 | 2.85 | 3.5 |
3 months < 4 months | 3.5 | 4 | 2.85 | 4 |
4 months < 5 months | 3.5 | 4 | 2.85 | 4 |
5 months < 6 months | 3.5 | 4 | 2.85 | 4 |
6 months < 7 months | 4.65 | 4.5 | 3.25 | 4.5 |
7 months < 8 months | 4.65 | 4.5 | 3.25 | 4.5 |
8 months < 9 months | 4.65 | 4.5 | 3.25 | 4.5 |
9 months < 10 months | 5 | 4.55 | 3.25 | 4.55 |
10 months < 11 months | 5 | 4.55 | 3.25 | 4.55 |
11 months < 11 months 25 days | 5 | 4.55 | 3.25 | 4.55 |
11 months 25 days < 1 year | 5 | 4.55 | 3.25 | 4.55 |
1 year < 1 year 5 days | 5.9 | 5.3 | 3.95 | 5.3 |
1 year 5 days < 1 year 11days | 5.9 | 5.3 | 3.95 | 5.3 |
1 year 11days < 1 year 25days | 5.9 | 5.3 | 3.95 | 5.3 |
1 year 25 days < 13 months | 5.9 | 5.3 | 3.95 | 5.3 |
13 months < 14 months | 5.9 | 5.3 | 3.95 | 5.3 |
14 months < 15 months | 5.9 | 5.3 | 3.95 | 5.3 |
15 months < 16 months | 5.95 | 5.3 | 3.95 | 5.3 |
16 months < 17 months | 5.95 | 5.3 | 3.95 | 5.3 |
17 months < 18 months | 5.95 | 5.3 | 3.95 | 5.3 |
18 months < 2 years | 5.95 | 5.35 | 3.95 | 5.35 |
2 years < 30 months | 6.25 | 5.45 | 3.95 | 5.45 |
30 months < 3 years | 6.25 | 5.45 | 3.95 | 5.45 |
3 years < 5 years | 6.25 | 5.5 | 3.95 | 5.5 |
5 years to 10 years | 6.5 | 5.6 | 4.05 | 5.6 |
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Tenure | Interest Rates (% Per Annum) | |||||
Above Rs. 5 crores but less than Rs. 10 crores | Above Rs. 10 crores but less than Rs. 24.75 crores | Above Rs. 24.75 crores but less than Rs. 25 crores | Above Rs. 25 crores but less than Rs. 50 crores | Above Rs. 50 crores but less than Rs. 100 crores | Rs. 100 crores and above | |
7 days to 14 days | 3.05 | 3.05 | 2.75 | 3.05 | 3.05 | 3.05 |
15 days to 29 days | 3.05 | 3.05 | 2.75 | 3.05 | 3.05 | 3.05 |
30 days to 45 days | 3.35 | 3.35 | 2.75 | 3.35 | 3.35 | 3.35 |
46 days to 60 days | 3.35 | 3.35 | 2.75 | 3.35 | 3.35 | 3.35 |
61 days < 3 months | 3.5 | 3.5 | 2.85 | 3.5 | 3.5 | 3.5 |
3 months < 4 months | 4 | 4 | 2.85 | 4 | 4 | 4 |
4 months < 5 months | 4 | 4 | 2.85 | 4 | 4 | 4 |
5 months < 6 months | 4 | 4 | 2.85 | 4 | 4 | 4 |
6 months < 7 months | 4.25 | 4.25 | 3 | 4.25 | 4.25 | 4.25 |
7 months < 8 months | 4.25 | 4.25 | 3 | 4.25 | 4.25 | 4.25 |
8 months < 9 months | 4.25 | 4.25 | 3 | 4.25 | 4.25 | 4.25 |
9 months < 10 months | 4.3 | 4.3 | 3 | 4.3 | 4.3 | 4.3 |
10 months < 11 months | 4.3 | 4.3 | 3 | 4.3 | 4.3 | 4.3 |
11 months < 11 months 25 days | 4.3 | 4.3 | 3 | 4.3 | 4.3 | 4.3 |
11 months 25 days < 1 year | 4.3 | 4.3 | 3 | 4.3 | 4.3 | 4.3 |
1 year < 1 year 5 days | 4.65 | 4.65 | 3.3 | 4.65 | 4.65 | 4.65 |
1 year 5 days < 1 year 11days | 4.65 | 4.65 | 3.3 | 4.65 | 4.65 | 4.65 |
1 year 11days < 1 year 25days | 4.65 | 4.65 | 3.3 | 4.65 | 4.65 | 4.65 |
1 year 25 days < 13 months | 4.65 | 4.65 | 3.3 | 4.65 | 4.65 | 4.65 |
13 months < 14 months | 4.65 | 4.65 | 3.3 | 4.65 | 4.65 | 4.65 |
14 months < 15 months | 4.65 | 4.65 | 3.3 | 4.65 | 4.65 | 4.65 |
15 months < 16 months | 4.65 | 4.65 | 3.3 | 4.65 | 4.65 | 4.65 |
16 months < 17 months | 4.65 | 4.65 | 3.3 | 4.65 | 4.65 | 4.65 |
17 months < 18 months | 4.65 | 4.65 | 3.3 | 4.65 | 4.65 | 4.65 |
18 months < 2 years | 4.7 | 4.7 | 3.3 | 4.7 | 4.7 | 4.7 |
2 years < 30 months | 4.8 | 4.8 | 3.3 | 4.8 | 4.8 | 4.8 |
30 months < 3 years | 4.8 | 4.8 | 3.3 | 4.8 | 4.8 | 4.8 |
3 years < 5 years | 4.85 | 4.85 | 3.3 | 4.85 | 4.85 | 4.85 |
5 years to 10 years | 4.85 | 4.85 | 3.3 | 4.85 | 4.85 | 4.85 |
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Tenure | Interest Rates (% Per Annum) | |||||
Above Rs. 5 crores but less than Rs. 10 crores | Above Rs. 10 crores but less than Rs. 24.75 crores | Above Rs. 24.75 crores but less than Rs. 25 crores | Above Rs. 25 crores but less than Rs. 50 crores | Above Rs. 50 crores but less than Rs. 100 crores | Rs. 100 crores and above | |
7 days to 14 days | 3.05 | 3.05 | 2.75 | 3.05 | 3.05 | 3.05 |
15 days to 29 days | 3.05 | 3.05 | 2.75 | 3.05 | 3.05 | 3.05 |
30 days to 45 days | 3.35 | 3.35 | 2.75 | 3.35 | 3.35 | 3.35 |
46 days to 60 days | 3.35 | 3.35 | 2.75 | 3.35 | 3.35 | 3.35 |
61 days < 3 months | 3.5 | 3.5 | 2.85 | 3.5 | 3.5 | 3.5 |
3 months < 4 months | 4 | 4 | 2.85 | 4 | 4 | 4 |
4 months < 5 months | 4 | 4 | 2.85 | 4 | 4 | 4 |
5 months < 6 months | 4 | 4 | 2.85 | 4 | 4 | 4 |
6 months < 7 months | 4.5 | 4.5 | 3.25 | 4.5 | 4.5 | 4.5 |
7 months < 8 months | 4.5 | 4.5 | 3.25 | 4.5 | 4.5 | 4.5 |
8 months < 9 months | 4.5 | 4.5 | 3.25 | 4.5 | 4.5 | 4.5 |
9 months < 10 months | 4.55 | 4.55 | 3.25 | 4.55 | 4.55 | 4.55 |
10 months < 11 months | 4.55 | 4.55 | 3.25 | 4.55 | 4.55 | 4.55 |
11 months < 11 months 25 days | 4.55 | 4.55 | 3.25 | 4.55 | 4.55 | 4.55 |
11 months 25 days < 1 year | 4.55 | 4.55 | 3.25 | 4.55 | 4.55 | 4.55 |
1 year < 1 year 5 days | 5.3 | 5.3 | 3.95 | 5.3 | 5.3 | 5.3 |
1 year 5 days < 1 year 11days | 5.3 | 5.3 | 3.95 | 5.3 | 5.3 | 5.3 |
1 year 11days < 1 year 25days | 5.3 | 5.3 | 3.95 | 5.3 | 5.3 | 5.3 |
1 year 25 days < 13 months | 5.3 | 5.3 | 3.95 | 5.3 | 5.3 | 5.3 |
13 months < 14 months | 5.3 | 5.3 | 3.95 | 5.3 | 5.3 | 5.3 |
14 months < 15 months | 5.3 | 5.3 | 3.95 | 5.3 | 5.3 | 5.3 |
15 months < 16 months | 5.3 | 5.3 | 3.95 | 5.3 | 5.3 | 5.3 |
16 months < 17 months | 5.3 | 5.3 | 3.95 | 5.3 | 5.3 | 5.3 |
17 months < 18 months | 5.3 | 5.3 | 3.95 | 5.3 | 5.3 | 5.3 |
18 months < 2 years | 5.35 | 5.35 | 3.95 | 5.35 | 5.35 | 5.35 |
2 years < 30 months | 5.45 | 5.45 | 3.95 | 5.45 | 5.45 | 5.45 |
30 months < 3 years | 5.45 | 5.45 | 3.95 | 5.45 | 5.45 | 5.45 |
3 years < 5 years | 5.5 | 5.5 | 3.95 | 5.5 | 5.5 | 5.5 |
5 years to 10 years | 5.6 | 5.6 | 4.05 | 5.6 | 5.6 | 5.6 |
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
*The interest rates are subject to change without prior notice
Tenure | Rate of Interest (p.a.) |
1 year < 1 year 5 days | 5.10% |
1 year 5 days < 1 year 11 days | 5.15% |
1 year 11 days < 1 year 25 days | 5.10% |
1 year 25 days < 13 months | 5.10% |
13 months < 14 months | 5.10% |
14 months < 15 months | 5.10% |
15 months < 16 months | 5.10% |
16 months < 17 months | 5.10% |
17 months < 18 months | 5.10% |
18 months < 2 years | 5.25% |
2 years < 30 months | 5.40% |
20 months < 3 years | 5.40% |
3 years < 5 years | 5.40% |
5 years and up to 10 years | 5.75% |
Tenure | Rate of Interest (p.a.) |
7 days to 14 days | 2.50% |
15 days to 29 days | 2.50% |
30 days to 45 days | 3.00% |
46 days to 60 days | 3.00% |
61 days < 3 months | 3.00% |
3 months < 4 months | 3.50% |
4 months < 5 months | 3.50% |
5 months < 6 months | 3.50% |
6 months < 7 months | 4.40% |
7 months < 8 months | 4.40% |
8 months < 9 months | 4.40% |
9 months < 10 months | 4.40% |
10 months < 11 months | 4.40% |
11 months < 11 months 25 days | 4.40% |
11 months 25 days < 1 year | 4.40% |
1 year < 1 year 5 days | 5.10% |
1 year 5 days < 1 year 11 days | 5.15% |
1 year 11 days < 1 year 25 days | 5.10% |
1 year 25 days < 13 months | 5.10% |
13 months < 14 months | 5.10% |
14 months < 15 months | 5.10% |
15 months < 16 months | 5.10% |
16 months < 17 months | 5.10% |
17 months < 18 months | 5.10% |
18 months < 2 years | 5.25% |
2 years < 30 months | 5.40% |
30 months < 3 years | 5.40% |
3 years < 5 years | 5.40% |
5 years to 10 years | 5.75% |
Rates are higher
Great returns on short-term deposits as well
Hassle-free FD opening procedure
A nomination facility is provided
Automatic rollover of both the Axis Bank FD interest rate and the principal amount
The types of fixed deposit schemes are as follows:
The description of this scheme is as follows:
In this scheme, the bank offers flexibility for choosing between a joint holder type of deposit and a single holder type of deposit. The Axis Bank FD rates in this scheme depending on the applicant's category who is applying for this policy.
The facility of nomination is available.
Option to select from a joint or single holder type of deposit.
The facility of tax benefits is offered u/s 80C of the IT Act.
Hindu Undivided Family and Resident Indians
The description of this scheme is:
This fixed deposit scheme of Axis Bank offers the dual benefit of the earnings of an FD account and liquidity of a savings account.
Auto-renewal facility.
Tax benefits u/s 80C of the IT Act, 1961.
Benefits with shorter tenure.
Your fixed deposit account is linked to your existing savings account.
Anyone who has savings account with Axis Bank and has valid details of PAN card.
The description of this scheme is:
In this scheme, the customers earn the highest Axis Bank FD rates as compared to a regular FD.
A nomination feature is provided.
Allows earning higher returns on FD.
The facility of TDS on FDs.
Gives the option to select from the type of deposit, which are – short-term deposit, monthly deposit, reinvestment deposit, or quarterly pay-out FD.
Gives the option to select your method to calculate interest.
Hindu undivided family, resident Indian, partnership firms, a sole proprietorship firm, trust, and limited companies.
The description of this scheme is:
With security and flexibility, this scheme provided the benefit of earning higher Axis Bank FD rates.
Availability of nomination facility.
You can open this FD account very easily.
Offers short-term facility.
Hindu undivided family, resident Indian, and sole proprietorship companies.
For short-term deposits, you can earn returns on your investments anywhere between 2.50% and 5.10% (regular FDs)
Senior citizens can earn investment returns between 2.50% and 5.45% on their deposits (lesser than Rs 5 crore).
For deposits above Rs 5 crore, the range lies between 2.50% to 4.00%.
Long-term FDs can range anywhere between 1 year and 5 years
Axis Bank FD rates will range within 5.10% to 5.40%
These fixed deposits by Axis Bank have their tenure ranging from 5 years to 10 years and offer an interest rate of 5.75%.
The calculation of maturity amount gives clarity especially when you have set some financial aims for yourself. The same can easily be calculated by using an Axis Bank FD calculator that is provided over the internet. For this all you have to provide some basic details like deposit amount, tenure for which you want to invest money, and the Axis Bank FD interest rate.
Companies and individuals who satisfy any of the below-mentioned criteria can easily open an Axis Bank FD account:
Senior citizens and super senior citizens
Resident individuals which include minors as well
Hindu Undivided Families (HUF)
Trusts
Partnership firms, sole traders, and companies with joint-stock.
Identity proof through KYC documents like Aadhar Card, Voter ID card, Driving License, etc.
Proof of address through KYC documents like passport or utility bills such as water bills, electricity bills, etc.
PAN card according to the rules established by the Department of Income Tax India.
For the basic option of savings, you can select the Regular FD option. In this scheme, you can start investing even from Rs. 10, 000, and keep the tenure anywhere between seven days to 10 years. Another good option is Express FD, wherein you can make a plan within 3 minutes. All you need to do is to keep your Aadhar card and PAN card ready. For saving income tax, you should opt for tax saving FD of Axis Bank. Here you can claim a tax deduction of up to Rs.1.5 lakh. For bulk deposits, Axis Bank Fixed Deposit Plus is recommended.
You can avail of Loan up to 90% against your Axis Bank fixed deposits.
The tenure of the loan is limited up to the maximum duration of your FD.
Interest-bearing investment schemes, such as fixed deposits, offer a fixed return after the completion of the specified maturity period. It is a good investment option to meet your fixed monetary requirements after a certain 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.
In market-linked investment instruments, the returns are neither assured nor fixed. The options are ULIPS, Equity share, NPS, and mutual funds. They offer higher returns but are subject to market risks.
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 and wait for a longer duration to get higher returns.
In case of premature closure of your FD, the Axis Bank will offer a 1% lesser interest rate than the contracted Axis Bank FD interest rate.