Axis Bank FD Interest Rates

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 offers higher interest rates on FD.

Axis Bank FD Rates in India
Tenure General Public FD Rates Senior Citizen FD Rates
7 days to 14 days 3.25% 3.25%
15 days to 29 days 3.50% 3.50%
30 days to 45 days 4.00% 4.00%
46 days to 60 days 4.50% 4.50%
61 days to 3 months 4.50% 4.50%
90 days to 119 days 4.50% 4.50%
4 months to 5 months 4.50% 4.50%
5 months to 6 months 4.50% 4.50%
6 months to 8 months 29 days 5.00% 5.25%
9 months to 11 months 25 days 5.25% 5.50%
11 months 25 days to 1 year 5.80% 6.05%
13 months to 17 months 29 days 5.70% 6.35%
18 months to 2 years 5.75% 6.40%
30 months 1 day to 3 years 5.75% 6.25%
1 year to 1 year 5 days 5.80% 6.45%
1 year 5 days to 1 year 11 days 5.70% 6.35%
1 year 11 days to 1 year 25 days 5.70% 6.35%
1 year 25 days to 12 months 29 days 5.70% 6.35%
2 years to 30 months 5.75% 6.40%
3 years to 4 years 364 days 5.75% 6.25%
5 years to 10 years 5.75% 6.25%

Axis Bank FD Rates Today

Investment Amount Minimum - Rs.10000 Maximum- No Maximum Limit
Tenure Minimum - 7 daysMaximum- 10 Years
Interest Rate  Minimum - 3.25 %Maximum- 5.75%

Benefits of Axis Bank Fixed Deposits -

  • Axis Bank FD interest rates are higher
  • 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 2020

FD Period

Interest rates for Regular Fixed Deposits (in % p.a.)

Deposits Lesser Than Rs 2 Crore

Deposits of Rs 2 Crore < Rs 4.91 Crore

Deposits of Rs 4.91 Crore < Rs 4.92 Crore

Deposits of Rs 4.92 Crore < Rs 5 Crore

7 days to 14 days

2.50

2.50

2.50

2.50

15 days to 29 days               

2.50

2.50

2.50

2.50

30 days to 45 days               

3.00

2.75

2.50

2.75

46 days to 60 days               

3.25

2.75

2.75

2.75

61 days < 3 months

3.25

3.00

2.75

3.00

3 months < 4 months  

4.10

3.25

2.75

3.25

4 months < 5 months

4.10

3.25

2.75

3.25

5 months < 6 months  

4.10

3.25

2.75

3.25

6 months < 7 months  

4.50

3.50

3.00

3.50

7 months < 8 months  

4.50

3.50

3.00

3.50

8 months < 9 months

4.50

3.50

3.00

3.50

9 months < 10 months  

4.75

4.00

3.25

4.00

10 months < 11 months  

4.75

4.00

3.25

4.00

11 months < 11 months 25 days

4.75

4.00

3.25

4.00

11 months 25 days < 1 year       

5.20

4.00

3.25

4.00

1 year < 1 year 5 days

5.20

4.25

3.25

4.25

1 year 5 days < 1 year 11 days

5.15

4.25

3.25

4.25

1 year 11 days < 1 year 25 days        

5.15

4.25

3.25

4.25

1 year 25 days < 13 months

5.15

4.25

3.25

4.25

13 months < 14 months  

5.15

4.25

3.25

4.25

14 months < 15 months

5.15

4.25

3.25

4.25

15 months < 16 months  

5.15

4.25

3.25

4.25

16 months < 17 months  

5.15

4.25

3.25

4.25

17 months < 18 months  

5.15

4.25

3.25

4.25

18 Months < 2 years

5.40

4.25

3.25

4.25

2 years < 30 months  

5.50

4.50

3.25

4.50

30 months < 3 years     

5.50

4.50

3.25

4.50

3 years < 5 years

5.50

4.50

3.25

4.50

5 years to 10 years     

5.50

4.50

3.25

4.50

** 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 2.50% and 5.20% (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%.

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 less than Rs 2 crore, then Axis Bank FD interest rates will range within 5.15% to 5.50%
  • For deposits between Rs 2 and 5 crore, the rate of interest lies between 3.25% to 4.50%
  • The rate of interest will range between 5.80 to 6.15 percent for senior citizens depositing lesser than Rs 2 crore. And for deposits between Rs 2 and 5 crore, the rate of interest ranges from 3.75% to 5.15%.
  • For deposits above Rs 5 crore, the rate of interest for senior citizens lies between 3.25% and 4.50%

Axis Bank Senior Citizens FD rates

FD Period

Interest rates for Fixed Deposits (in % p.a.)

Deposits Lesser Than Rs 2 Crore

Deposits of Rs 2 Crore < Rs 4.91 Crore

Deposits of Rs 4.91 Crore < Rs 4.92 Crore

Deposits of Rs 4.92 Crore < Rs 5 Crore

7 days to 14 days

2.50

2.50

2.50

2.50

15 days to 29 days               

2.50

2.50

2.50

2.50

30 days to 45 days               

3.00

2.75

2.50

2.75

46 days to 60 days               

3.25

2.75

2.75

2.75

61 days < 3 months

3.25

3.00

2.75

3.00

3 months < 4 months  

4.10

3.25

2.75

3.25

4 months < 5 months

4.10

3.25

2.75

3.25

5 months < 6 months  

4.10

3.25

2.75

3.25

6 months < 7 months  

4.75

3.75

3.25

3.75

7 months < 8 months  

4.75

3.75

3.25

3.75

8 months < 9 months

4.75

3.75

3.25

3.75

9 months < 10 months  

5.00

4.25

3.50

4.25

10 months < 11 months  

5.00

4.25

3.50

4.25

11 months < 11 months 25 days

5.00

4.25

3.50

4.25

11 months 25 days < 1 year       

5.45

4.25

3.50

4.25s

1 year < 1 year 5 days

5.85

4.90

3.90

4.90

1 year 5 days < 1 year 11 days

5.80

4.90

3.90

4.90

1 year 11 days < 1 year 25 days        

5.80

4.90

3.90

4.90

1 year 25 days < 13 months

5.80

4.90

3.90

4.90

13 months < 14 months  

5.80

4.90

3.90

4.90

14 months < 15 months

5.80

4.90

3.90

4.90

15 months < 16 months  

5.80

4.90

3.90

4.90

16 months < 17 months  

5.80

4.90

3.90

4.90

17 months < 18 months  

5.80

4.90

3.90

4.90

18 Months < 2 years

6.05

4.90

3.90

4.90

2 years < 30 months  

6.15

5.15

3.90

5.15

30 months < 3 years     

6.00

5.00

3.75

5.00

3 years < 5 years

6.00

5.00

3.75

5.00

5 years to 10 years     

6.00

5.00

3.75

5.00

Loan Against Axis Bank FD Interest Rates

You can avail loan up to 85% against your Axis Bank fixed deposits. It provides loan against fixed deposits at 2% above your Axis Bank FD 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 (NRIs) the option to park their savings in an NRE or Non-Resident External Rupee Account that can be maintained by the NRI.

The investment can only be made in Indian Rupees and no tax is levied on the Axis Bank FD interest that is earned. Also, there is no restriction on transferring the money.

Interest Rates on Axis Bank NRI Fixed Deposits

Non-Resident External Deposits - Less Than Rs 5 Crore

NRE Deposit Period

NRE Deposits Interest Rates (in % p.a.)

Deposits Lesser Than Rs 2 Crore

Deposits of Rs 2 Crore < Rs 4.91 Crore

Deposits of Rs 4.91 Crore < Rs 4.92 Crore

Deposits of Rs 4.92 Crore < Rs 5 Crore

1 year < 1 year 5 days       

5.20

4.25

3.25

4.25

1 year 5 days < 1 year 11 days        

5.15

4.25

3.25

4.25

1 year 11 days < 1 year 25 days

5.15

4.25

3.25

4.25

1 year 25 days < 13 months

5.15

4.25

3.25

4.25

13 months < 14 months  

5.15

4.25

3.25

4.25

14 months < 15 months  

5.15

4.25

3.25

4.25

15 months < 16 months  

5.15

4.25

3.25

4.25

16 months < 17 months  

5.15

4.25

3.25

4.25

17 months < 18 months  

5.15

4.25

3.25

4.25

18 Months < 2 years

5.40

4.25

3.25

4.25

2 years < 30 months  

5.50

4.50

3.25

4.50

30 months < 3 years

5.50

4.50

3.25

4.50

3 years < 5 years 

5.50

4.50

3.25

4.50

5 years to 10 years     

5.50

4.50

3.25

4.50

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

NRE Deposit Period

NRE Deposits Interest Rates (in % p.a.)

Deposits of Rs 5 Crore < Rs 10

Crore

Deposits of Rs 10 Crore < Rs 24.75

Crore

Deposits of Rs 24.75 Crore < Rs 25 Crore               

Deposits of Rs 25 Crore

< Rs 50

Crore

Deposits of Rs 50 Crore

< Rs 100

Crore     

Deposits of Rs 100 Crore and Above

1 year < 1 year 5 days

4.25

4.25

3.25

4.25

4.25

4.25

1 year 5 days < 1 year 11 days

4.25

4.25

3.25

4.25

4.25

4.25

1 year 11 days < 1 year 25 days

4.25

4.25

3.25

4.25

4.25

4.25

1 year 25 days < 13 months  

4.25

4.25

3.25

4.25

4.25

4.25

13 months < 14 months

4.25

4.25

3.25

4.25

4.25

4.25

14 months < 15 months

4.25

4.25

3.25

4.25

 

4.25

15 months < 16 months

4.25

4.25

3.25

4.25

4.25

4.25

16 months < 17 months

4.25

4.25

3.25

4.25

4.25

4.25

17 months < 18 months

4.25

4.25

3.25

4.25

4.25

4.25

18 Months < 2 years

4.25

4.25

3.25

4.25

4.25

4.25

2 years < 30 months

4.50

4.50

3.25

4.50

4.50

4.50

30 months < 3 years

4.50

4.50

3.25

4.50

4.50

4.50

3 years < 5 years

4.50

4.50

3.25

4.50

4.50

4.50

5 years to 10 years

4.50

4.50

3.25

4.50

4.50

4.50

Interest Rates on NRO Deposits

NRO Deposit Period

NRO Deposits Interest Rates (in % p.a.)

Deposits Lesser Than Rs 2 Crore

Deposits of Rs 2 Crore < Rs 4.91 Crore

Deposits of Rs 4.91 Crore < Rs 4.92 Crore

Deposits of Rs 4.91 Crore < Rs 5 Crore

7 days to 14 days

2.50

2.50

2.50

2.50

15 days to 29 days                               

2.50

2.50

2.50

2.50

30 days to 45 days                                               

3.00

2.75

2.50

2.75

46 days to 60 days               

3.25

2.75

2.75

2.75

61 days < 3 months

3.25

3.00

2.75

3.00

3 months < 4 months  

4.10

3.25

2.75

3.25

4 months < 5 months  

4.10

3.25

2.75

3.25

5 months < 6 months  

4.10

3.25

2.75

3.25

6 months < 7 months

4.50

3.50

3.00

3.50

7 months < 8 months

4.50

3.50

3.00

3.50

8 months < 9 months  

4.50

3.50

3.00

3.50

9 months < 10 months  

4.75

4.00

3.25

4.00

10 months < 11 months   6.35                6.50                5.75       

4.75

4.00

3.25

4.00

11 months < 11 months 25 days

4.75

4.00

3.25

4.00

11 months 25 days < 1 year

5.20

4.00

3.25

4.00

1 year < 1 year 5 days                       

5.20

4.25

3.25

4.25

1 year 5 days < 1 year 11 days        

5.15

4.25

3.25

4.25

1 year 11 days < 1 year 25 days        

5.15

4.25

3.25

4.25

1 year 25 days < 13 months

5.15

4.25

3.25

4.25

13 months < 14 months  

5.15

4.25

3.25

4.25

14 months < 15 months  

5.15

4.25

3.25

4.25

15 months < 16 months  

5.15

4.25

3.25

4.25

16 months < 17 months  

5.15

4.25

3.25

4.25

17 months < 18 months  

5.15

4.25

3.25

4.25

18 Months < 2 years     

5.40

4.25

3.25

4.25

2 years < 30 months  

5.50

4.50

3.25

4.50

30 months < 3 years     

5.50

4.50

3.25

4.50

3 years < 5 years

5.50

4.50

3.25

4.50

5 years to 10 years     

5.50

4.50

3.25

4.50

Fixed-Income & Market-Linked Investments

  • 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 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 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.
  • 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.

FD in Axis Bank - Premature Withdrawal

In case of premature closure of your FD, the Axis Bank will offer 1 per cent lesser interest rate than the contracted Axis Bank interest rate.

Axis Bank FDS - FAQs

Written By: PolicyBazaar - Updated: 24 August 2020
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