Axis Bank FD Interest Rates 2026

Axis Bank Fixed Deposit Interest Rates

Axis Bank Fixed Deposit offers competitive interest rates for general and senior citizens. The highest FD rate at Axis Bank is 6.45% p.a. for general depositors and 7.20% p.a. for senior depositors. Fixed deposits offer higher rates than savings accounts. You can start an Axis Bank FD with a minimum investment of ₹5,000 if you book online.

Axis Bank Tax Saver FD offers tax benefits earned on the interest you get after investing in a fixed 5-year tenure. The Tax Saver FD interest rate for general citizens is 6.45% p.a., and for senior citizens, it is 7.20% p.a. If you go with the option of Axis Bank FD premature withdrawal, you'll pay a penalty that reduces your total earnings, so check the rules before you start. Your investment is safe as it is covered by DICGC insurance, which protects your principal and interest up to ₹5 lakh.

Key Highlights: Axis Bank FD

Axis Bank FD Interest Rates

Below are the tables containing the current Axis FD rates for amounts below 3 crore and above 3 crore for general and senior citizens:

Revised rates below ₹3 crore

*Axis Bank FD Interest Rates w.e.f. May 1, 2026

Revised rates above ₹3 crore

*Axis Bank FD Interest Rates w.e.f. May 1, 2026

Axis Tax Saving FD Interest Rates (5-Year Lock-In)

Axis Bank Tax Saver Fixed Deposit is designed to help you grow your savings while reducing your taxable income. It comes with a fixed 5-year lock-in period. Unlike regular FDs, you cannot withdraw your money or close the account before the 5-year term ends. As of April 2026, the Axis Bank tax saver FD rate for general citizens is 6.45% p.a., and for senior citizens, it is 7.20% p.a. You can claim a deduction of up to ₹1.5 Lakh from your total taxable income under Section 80C of the Income Tax Act.

Axis Bank Special FD Schemes & Interest Rates

1. Axis Digital Fixed Deposits

   Digital Fixed Deposit is an innovative product that allows you to open a full KYC FD without an Axis Bank account. It offers competitive interest rates, no issuance fees, and the flexibility to withdraw up to 25% of the principal amount early, penalty-free, with a minimum deposit of ₹5,000.

2. Fixed Deposit Plus

   Axis Fixed Deposit Plus offers higher interest rates and additional features compared to ordinary FDs for larger investments. The minimum investment for these deposits is higher, and you can choose between simple or compound interest. However, before maturity, it cannot be closed with a minimum deposit amount of Rs 3 Crore.

3. Auto Fixed Deposits

   Auto Fixed Deposits are a mix of savings and an FD. As soon as the balance in your savings account exceeds a predetermined threshold, the surplus will be transferred to an FD to earn a higher interest. Once the balance in your savings account exceeds 25,000, the excess amount is automatically transferred to the FD for a higher interest rate.

4. Axis Bank NRE Fixed Deposit:

   Axis Bank NRE (Non-Resident External) Fixed Deposit is an ideal way for NRIs to invest their foreign earnings in Indian Rupees while enjoying tax benefits. Axis NRE FD interest rates are exempt from income tax in India and range from 6.25% to 7.05% for tenures of 1 to 10 years.

   Tenure	Interest Rates (% per annum)
   	>₹ 3 Cr	₹3 Cr to ₹5 Cr	₹5Cr < ₹25 Cr	₹25 Cr < ₹50 Cr	₹50 Cr < ₹100 Cr	₹100 Cr < ₹200 Cr	₹200 Cr < ₹500 Cr	₹ 500 Cr < ₹1000 Cr	₹ 1000 Cr & Above
   1 year – 1 year 10 days	6.25	6.25	6.65	6.80	6.80	6.95	7.05	6.85	6.85
   1 year 11 days < 13 months	6.25	6.25	6.65	6.80	6.80	6.80	6.80	6.80	6.80
   13 months < 15 months	6.25	6.25	6.65	6.80	6.80	6.80	6.80	6.80	6.80
   15 months < 18 months	6.45	6.50	6.60	6.60	6.60	6.60	6.60	6.60	6.60
   18 Months < 2 years	6.45	6.60	6.60	6.60	6.60	6.60	6.60	6.60	6.60
   2 years < 3 years	6.45	6.60	6.60	6.60	6.60	6.60	6.60	6.60	6.60
   3 years < 5 years	6.45	6.60	6.60	6.60	6.60	6.60	6.60	6.60	6.60
   5 years to 10 years	6.45	6.60	6.60	6.60	6.60	6.60	6.60	6.60	6.60

   Axis Bank NRE FD interest rates w.e.f. May 1, 2026

   Key Highlights: Axis Bank Special FD Schemes

   Special Schemes	Details
   Ais Bank Fixed Deposit Plus (Non-Callable)	Offers better interest rates than regular FDs for investments of ₹3 crore or more. No premature withdrawals are permitted, ensuring maximum returns at maturity.
   Axis Bank Digital Fixed Deposit	Open an FD online immediately without a bank account or visiting a branch. Fund your deposit using a savings account from any other bank.
   Axis Bank NRE (Non-Resident External) FD	Principal and interest are 100% tax-free and exempt from Indian income tax. Easily move both your savings and interest back to your home country.
   Axis Auto Fixed Deposits	Any balance in your Axis savings account that exceeds a set threshold is automatically moved into a Fixed Deposit. It offers the perfect mix of a savings account's liquidity and a Fixed Deposit's earning potential without requiring manual effort.

Axis Bank FD Calculator

The Axis Bank FD Calculator is an online tool designed to help you estimate the maturity value and the total interest earned on your investment before you actually commit your funds. You can adjust variables like Principal Amount, Tenure, and Interest Rate to see how different scenarios affect your final returns.

How to Use Axis Bank FD Calculator?

• Step 1: Enter the investment lump sum amount you plan to deposit.
• Step 2: Enter the duration you want to lock in your money.
• Step 3: Enter the current Interest Rate applicable for your chosen tenure.
• Step 4: The tool instantly displays the Total Interest Earned and the Final Maturity Amount.

Simple Interest vs Compound Interest — Which One Does Axis Apply?

You can compare Cumulative and Non-Cumulative FD options to see how compounding frequency affects your final maturity amount. For short-term deposits (less than 6 months), the bank typically applies simple interest. Since the duration is short, the interest is calculated only on the initial principal amount and paid out at maturity.

Axis Bank uses quarterly compounding for deposits with tenures of 6 months. This means the interest you earn in the first three months is added to your principal, and you earn "interest on interest" for the next quarter. The formula used is:

• A=P(1+r/n)^(nt)

Reinvestment (Cumulative) Plan: To get the full benefit of compounding, you must choose the cumulative option, where interest is paid only at maturity.

Payout Frequency: If you choose monthly or quarterly interest payouts (non-cumulative), you lose the compounding effect because the interest is being moved out of the account rather than being added back to the principal.

Axis Bank FD Rates vs Other Banks Comparison May 2026

*Fixed deposit interest rates by various banks as of May, 2026

How to Open an Axis Bank Fixed Deposit

Follow these precise steps to open an FD with Axis Bank, whether you are a new or existing customer, using online or offline channels.

Axis Online FD Account Opening

If you are a new Axis Bank user, you first need to visit the website, then log in to the app, and follow the steps to understand better.

• Start Online: Visit the Axis Bank website and choose Digital Fixed Deposit.
• Verify Identity: Full verification by your Aadhaar and PAN.
• Enter Details: Enter your name, address, and email ID.
• Choose Deposit Amount: Select the amount of FD that you intend to invest.
• Complete Video KYC: A brief video chat with an agent of Axis Bank.
• Mobile App: Install the Axis Bank Mobile application on your device.
• Log In and Set Up: Enter your Customer ID, confirm your number, set an mPIN, and enter the OTP.
• Follow Your FD: View and manage your Digital FD through the app.

Axis Offline FD Account Opening

For Both New and Existing Customers:

• Visit the nearest Axis Bank Branch: Visit the Bank branch with the documents.
• Submit the Documents: Submit passport-size photographs and a passport (for new customers)
• Request FD Opening Form: Fill the Fixed Deposit application form with the deposit amount and tenure.
• Make Payment: Deposit the amount via cash, cheque, or bank transfer.
• Submit and Collect: After submitting, collect your FD Certificate.

Documents Required to Open an Axis Bank FD

These documents are only for non-Axis Bank account holders:

• You need to be a resident of India while opening the FD
• A valid PAN and Aadhaar card are necessary
• Your mobile number must be linked to your Aadhaar card

Axis Bank FD Premature Withdrawal Rules & Penalties

Axis Bank FD Premature Withdrawal is when you close your fixed deposit and take your money out before the agreed-upon maturity date. When you withdraw early, the bank doesn't pay you the high rate you signed up for. Instead, they pay you the rate that was applicable for the shorter duration you actually stayed invested.

Think of this as a "break-up fee." Axis Bank typically deducts 1% from the interest rate as a penalty for early contract termination.

Example: If you booked a 5-year FD at 7%, but withdrew it after only 1 year (where the rate was 6%), the bank would pay you 5% (the 1-year rate of 6% minus the 1% penalty).

Axis Bank FD for Senior Citizens: Rates, Benefits & Rules

Axis Bank fixed deposit for senior citizens is for people above 60 years of age and are eligible for tax deduction up to ₹1.5 Lakh under Section 80C. The Axis Bank senior citizens FD interest rate for amounts below 3 crore starts at 3.50% p.a. and goes up to 7.20% p.a.

Best Axis Bank FD Tenures for Senior Citizens above 3 years

The best tenures for senior citizens to invest in are from 3 years < 5 years, where they receive the highest interest of 6.95% p.a. and the other option, where they will receive the highest interest rate of 7.20% p.a. for the tenure from 5 years to 10 years.

TDS Rules & How to Submit Form 15H as a Senior Citizen

To avoid TDS, seniors should submit Form 15H if their total annual income is below the taxable limit. The Form 15H is a self-declaration for senior citizens to request the bank not to deduct TDS on interest, provided your total taxable income for the year is within the nil tax bracket.

For senior citizens, no TDS is deducted if the total interest income from all FDs within the bank is up to ₹1,00,000 per financial year. The bank deducts 10% TDS on the applicable interest income.

Taxation on Axis FD Interest Income

Managing the taxes on your Axis Bank Fixed Deposit is as important as the interest rate itself. The bank is required to deduct TDS if your total interest income across all branches exceeds certain limits:

• General Citizens: TDS is deducted if interest exceeds ₹50,000.
• Senior Citizens (60+): TDS is deducted if interest exceeds ₹1,00,000.

If your total annual income (including FD interest) is below the taxable limit, you can submit these forms to prevent the bank from deducting TDS. TDS is just an "advance tax." Your actual tax liability depends on your total income slab.

• Form 15G: For individuals below 60 years and HUFs.
• Form 15H: For senior citizens aged 60 and above.

Note: Starting April 2026, the tax department has introduced Form 121 to replace/streamline these declarations. Check the Axis Bank portal to see if you should use the traditional Form 15G/15H or the new Form 121.

Key Features & Benefits of Axis Bank Fixed Deposit

You can enjoy several useful benefits when you open an Axis Bank FD. A few of them are explained below:

1. Flexible Deposit Options:

   Axis Bank offers a variety of Fixed Deposit schemes that can address any financial need, whether the objective is short-term savings or long-term investment.

2. Minimum Deposit Low Requirement:

   Axis Bank allows you to open an FD with as low as ₹ 5,000, making it affordable for most investors to start their FD.

3. Axis Bank FD Loan:

   In need of emergency money? Without breaking your deposit, you can avail of a loan or overdraft of up to 85% of the amount you deposited in the FD.

4. Flexible Tenure:

   Select from a wide range of tenures, from 7 days to 10 years, depending on your financial requirements.

5. Axis Auto Sweep FD:

   Axis Bank FDs offer auto-renewal on maturity and sweep-in/sweep-out options, helping you enhance liquidity and maximise returns.

6. Different FD Options:

   Axis Bank offers a range of FD types, such as Regular FD, Digital FD, and Tax Saver FD under Section 80C, so you can select the one that best suits your needs.

Is Axis Bank FD a Good Investment in 2026?

Axis Bank FD is considered a secure and trusted investment option, as it is regulated by the RBI. Your deposits, principal + interest, are insured by DICGC up to ₹5 Lakh per depositor. You can get the maximum returns in a tenure of 15 months or more at a rate up to 6.45% for general citizens. However, it depends on your specific financial objectives and liquidity requirements. A fixed deposit is unlike a mutual fund, where your funds are capped at the time of deposit for a longer duration. Axis Bank offers senior citizens attractive rates with a preferential buffer of 0.50% to 0.75% over regular rates, for long-term security. Their 5-year to 10-year slabs hit the highest rate of around 7.20% for the deposits below 3 crore. While Axis offers high security, you should compare its rates with Small Finance Banks if you are looking for a 1-2% higher interest rate.