Axis Bank FD Rates

Features

• 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.

About Axis Bank Fixed Deposit Interest Rate Calculator

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

Axis Bank Fixed Deposit Rates

1. Axis Bank Interest Rates on Domestic Deposits - Regular (Less Than Rs. 5 Crores)

   Rates are effective as of 12th May, 2022

   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.

2. Axis Bank Interest Rates on Domestic Deposits – Senior Citizens (Less Than Rs. 5 Crores)

   Rates are effective as of 12th May, 2022

   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.

   

3. Axis Bank Interest Rates on Domestic Deposits - Regular (Rs. 5 Crores & Above)

   Rates are effective as of 12th May, 2022

   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.

4. Axis Bank Interest Rates on Domestic Deposits – Senior Citizens (Rs. 5 Crores & Above)

   Rates are effective as of 12th May, 2022

   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.

Axis Bank Fixed Deposit Rates For NRI

1. For NRE Deposits - Less Than 2 Crore

   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%

2. For NRO Deposits - Less Than 2 Crore

   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%

Benefits of Axis Bank FD

• 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

Types of Axis Bank FD Schemes

The types of fixed deposit schemes are as follows:

1. Axis Bank Tax Saver Fixed Deposits:

   Description:

   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.

   Eligibility:

   Hindu Undivided Family and Resident Indians

2. Encash 24 Flexi Deposit:

   Description:

   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.

   Eligibility:

   Anyone who has savings account with Axis Bank and has valid details of PAN card.

3. Fixed Deposit Plus:

   Description:

   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.

   Eligibility:

   Hindu undivided family, resident Indian, partnership firms, a sole proprietorship firm, trust, and limited companies.

4. Regular Fixed Deposit

   Description:

   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.

   Eligibility:

   Hindu undivided family, resident Indian, and sole proprietorship companies.

Axis Bank Fixed Deposit Term Wise Interest Rates

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

   • 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%.

2. Axis Bank Medium Fixed Deposit Rates

   • Long-term FDs can range anywhere between 1 year and 5 years

   • Axis Bank FD rates will range within 5.10% to 5.40%

3. Axis Bank Long-term Deposits:

   These fixed deposits by Axis Bank have their tenure ranging from 5 years to 10 years and offer an interest rate of 5.75%.

Axis Bank FD Calculator

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.

Eligibility Criteria for Axis Bank Fixed Deposits

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.

Documents Needed:

• 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.

Who Should Invest in Axis Bank Fixed Deposits?

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.

Loan Against Axis Bank Fixed Deposits

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.

Fixed-Income & Market-Linked Investments

1. Fixed-Income Investments:

   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.

2. Market-Linked Investments:

   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.

3. 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 and wait for a longer duration to get higher returns.

4. Axis Bank Fixed Deposit - Premature Withdrawal

   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.

Axis Bank Fixed Deposit Interest Rates - FAQs