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 FD interest rates are higher.

Features of Axis Bank Fixed Deposit

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

Axis Bank Fixed Deposit Rates 2021

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%

Comparison of FD Rates by Top 10 Financial Institutes

Name Interest Rates Tenure  
Axis Bank 5.75% 5 years to 10 years View Details
Bank of Baroda 5.30% 5 years 1 day to 10 years View Details
Bank of India 5.40% 5 years to 10 years View Details
Canara Bank 5.45% 3 years to 10 years View Details
Central Bank of India 5.35% 5 years to 10 years View Details
HDFC Bank 5.50% 5 years 1 day to 10 years View Details
ICICI Bank 5.50% 5 years 1 day to 10 years View Details
IDBI Bank 5.70% 7 years 1 day to 10 years View Details
State Bank Of India 5.40% 5 years to 10 years View Details
Yes Bank 7.00% 1 year to 10 years View Details

Axis Bank FD Rates - Special 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.
  • The bank provides the facility wherein you can avoid the penalties over premature encashment of the fixed deposits.
  • Very simple and easy fixed deposit account opening process.
  • The facility of loan against FD of up to 85% of the FD amount is provided by the bank.
  • A wide range of fixed deposits to select from.

Axis Bank Fixed Deposit Rates

Axis Bank FD Rates for Regular Deposits

Tenure

Interest rates for Regular Fixed Deposits (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 FD Rates for Senior Citizens

Tenure

Interest rates for Fixed Deposits (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%

4.25%

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%

For NRI Deposits - Less Than 5 Crore

Tenure

NRE Deposits Interest Rates (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%

For NRE Deposits - Less Than 5 Crore

Tenure

NRE Deposits Interest Rates (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%

 NA

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%

For NRO Desposits

Tenure

NRO Deposits Interest Rates (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   

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%

Benefits of Axis Bank Fixed Deposits

  • 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 Fixed Deposit Schemes

The types of fixed deposit schemes are as follows:

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 deposits and a single holder type of deposits. The Axis Bank FD rates in this scheme depend 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

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.

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.

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

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 5.20% (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 rates will range within 5.15% to 5.50%
  • For deposits between Rs 2 and 5 crore, the Axis Bank FD rates lie between 3.25% to 4.50%
  • The Axis Bank FD rate will range between 3.25 to 6.25 percent for senior citizens depositing lesser than Rs 2 crore. And for deposits between Rs 2 and 5 crore, the Axis Bank FD interest rate ranges from 3.75% to 5.15%.
  • For deposits above Rs 5 crore, the Axis Bank FD interest rates for senior citizens lies between 3.25% and 4.50%

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 6.50%.

Axis Bank FD Calculator

The calculation of maturity amount gives clarity especially when you have set some financial aims for you. 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 bill, electricity bill, 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.5, 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 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.

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 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.

Axis Bank Fixed Deposit - Premature Withdrawal

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

Axis Bank Fixed Deposit Interest Rates - FAQs

Axis Bank FD Interest Rates - Latest News

  • Penalty removed on Premature Closure of AXIS Bank Fixed Deposits

    You can open an Axis Bank fixed deposit account online using the bank online opening services. The minimum FD amount is Rs 5000 with flexible tenure of a minimum of 7 days and up to a maximum of 10 years.

    On Monday, the private lender Axis Bank made a first-of-its-kind move by removing the penalty on premature closure of all new retail term deposits that are opened on or after December 15, 2020, for a period of 2 years or more.

    This move will encourage retail customers to invest for the long-term without worrying about liquidating the funds fearing a penalty on premature withdrawals.

    These new term deposits for 2 years and more will not attract a premature penalty if the deposits are withdrawn after 15 months of opening the deposit account. It also offers the benefit of no penalty on the first withdrawal of up to 25% of the principal value of the FD.

    Axis Bank offers an automatic FD roll-out facility so that your interest gets credited to a selected account or gets it paid out to a different account.


  • AXIS Bank Revises Interest Rates for Fixed Deposits

    Axis Bank has revised its interest rates for multiple fixed deposit tenures. The new FD rates came into effect from 13th November 2020. While AXIS Bank FD rates have increased for a few tenures, the interest rates have also been slashed for others.

    According to the new fixed deposit rates, the AXIS Bank will offer an interest rate of 3 per cent in place of 2.5 per cent for FDs with a maturity period of 30 to 45 days. Similarly, an FD rate of 3 per cent is being offered instead of 2.75 per cent for FD tenure of 61 days to up to three months.

    On the other hand, the interest rates have been cut for a fixed deposit with a tenure of three to up to six months from 4 per cent to 3.50 per cent. Similarly, AXIS Bank will now provide an interest rate of 4.40 per cent from earlier 4.50 per cent for an FD tenure of nine months to 11 months 25 days. The AXIS Bank FD rates for rest of the tenures remain unchanged.

    Besides, AXIS Bank continues to offer higher interest rates to senior citizens on fixed deposits of selected maturity periods. At present, the Bank offers FD interest rates ranging from 2.5 per cent to 6 per cent on FD of all various tenures opted by senior citizens....

Written By: PolicyBazaar - Updated: 13 January 2021
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