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Axis Bank FD Rates

Axis Bank FD rates are as high as 7.1% per annum for regular citizens and 7.75% per annum for senior citizens on deposits of less than Rs. 2 crores. With tenures ranging from 7 days to 10 years, Axis Bank FD interest rates in 2024 remain competitive with its industry counterparts. In this article, you will learn the details of Axis Bank FD Rates in 2024 in India.

Axis Bank FD Rates Aug 2024

Tenure	REGULAR RATES Current Rates	SENIOR CITIZEN
7 days to 14 days	3.00%	3.50%
15 days to 29 days	3.00%	3.50%
30 days to 45 days	3.50%	4.00%
46 days to 60 days	4.25%	4.75%
61 days to less than 3 months	4.50%	5.00%
3 months – 3 months 24 days	4.75%	5.25%
3 months to less than 4 months	4.75%	5.25%
4 months to less than 5 months	4.75%	5.25%
5 months to less than 6 months	4.75%	5.25%
6 months to less than 7 months	5.75%	6.25%
7 months to less than 8 months	5.75%	6.25%
8 months to less than 9 months	5.75%	6.25%
9 months to less than 10 months	6.00%	6.50%
10 months to less than 11 months	6.00%	6.50%
11 months to 11 months 24 days	6.00%	6.50%
11 months 25 days to less than 1 year	6.00%	6.50%
1 year to 1 year 4 days	6.70%	7.20%
1 year 5 days to 1 year 10 days	6.70%	7.20%
1 year 11 days to 1 year 24 days	6.70%	7.20%
1 year 25 days to less than 13 months	6.70%	7.20%
13 months to less than 14 months	6.70%	7.20%
14 months to less than 15 months	6.70%	7.20%
15 months to less than 16 months	7.10%	7.60%
16 months to less than 17 months	7.10%	7.60%
17 months to less than 18 months	7.20%	7.85%
18 months to less than 2 years	7.10%	7.60%
2 years to less than 30 months	7.10%	7.60%
30 months to less than 3 years	7.10%	7.60%
3 years to less than 5 years	7.10%	7.60%
5 years to 10 years	7.00%	7.75%

FD interest rates have been declining over last few years and is expected to further fall, as Indian economy grows in coming years.

1 Yrs FD rate - Historical trend

Comparison Between

Fixed Deposits, Guaranteed Return Plans & Debt Mutual Fund

Guaranteed Return Plans, Fixed Deposits &
Debt Mutual Fund

Guaranteed Return Plans

Returns Before Tax

7.5% ^(TAX-FREE)

Returns After Tax

7.5%

Guaranteed Returns

Yes

Life Cover

Yes

Tax on Profit

Tax Free*

Risk

No Risk

Still Better than FD’s and Debt Mutual Fund

Fixed Deposits

Returns Before Tax

7% ^(TAXABLE)

Returns After Tax

4.8%

Guaranteed Returns

Yes

Life Cover

No

Tax on Profit

Taxable

Risk

Low Risk

Debt Mutual Fund

Returns Before Tax

8% ^(TAXABLE)

Returns After Tax

5.5%

Guaranteed Returns

No

Life Cover

No

Tax on Profit

Taxable

Risk

High Risk

VIEW PLANS

*For annual premium upto ₹5 Lacs

FD Calculator

Total Investment

₹

₹500 ₹30L

Enter Total Investment

Rate of Interest (Yearly)

%

1% 15%

Rate of Interest (Yearly)

Time Period

Years

1 Year 15 Years

Enter Time Period

Total Investment

Interest Earned

Maturity Amount

Compare FD Interest Rates of Top Financial Institutions

BANKS	GENERAL CITIZENS	SENIOR CITIZEN
Axis Bank FD Rates	3.00% - 7.10%	3.50% - 7.75%
SBI FD Rates	3.00% - 7.10%	3.50% - 7.60%
HDFC Bank FD Rates	3.00% - 7.20%	3.50% - 7.75%
ICICI FD Rates	3.00% - 7.10%	3.50% - 7.65%
Canara Bank FD Rates	4.00% - 7.25%	4.00% - 7.75%
Yes Bank FD Rates	3.25% - 7.75%	3.75% - 8.25%
Kotak Mahindra FD Rates	2.75% - 7.25%	3.25% - 7.75%
Bandhan Bank FD Rates	3.00% - 5.00%	3.75% - 5.75%
Union Bank of India Rates	3.00% - 7.00%	3.50% - 7.50%
Indusind Bank Rates	3.50% - 7.85%	4.25% - 8.25%
PNB Rates	3.50% - 7.25%	4.00% - 7.75%
Bank of Baroda FD Rates	3.00% - 7.25%	3.50% - 7.75%
IDFC Bank Rates	3.00% - 7.50%	3.50% - 8.00%
Indian Bank FD Rates	2.80% - 6.70%	2.80% - 7.20%
DBS Bank FD Rates	2.50% - 5.50%	2.50% - 5.50%
UCO Bank FD Rates	2.55% - 5.05%	3.80% - 6.30%
Bank of India FD Rates	3.00% - 7.25%	3.00% - 7.75%
IDBI Bank FD Rates	2.90% - 5.30%	3.40% - 5.90%
Central Bank of India FD Rates	2.75% - 5.15%	3.25% - 5.65%

What are Axis Bank FD Interest Rates?

Axis Bank FD refers to a fixed deposit scheme offered by Axis Bank, which is one of the largest private sector banks in India.

A fixed deposit is a type of investment where you deposit a lump sum amount of money with the Axis Bank for a fixed period and earn a fixed rate of interest on it. These guaranteed rates of interest for different tenures are the Axis Bank FD interest rates.

At the end of the tenure, you receive the principal amount along with the interest earned.

Axis Bank FD Rates 2024 for Deposits above Rs. 5 Crores to Rs. 24.75 Crores (Domestic)

Axis Bank FD Rates 2024 for Deposits above Rs. 2 Crores to Rs. 5 Crores (Domestic)

Axis Bank FD Interest Rates 2024 for NRE Deposits Below Rs. 2 Crores

Tenure Axis FD Rates for NRE Deposits (% p.a.)

1 year - < 15 months 6.70%

15 months - < 5 years 7.10%

5 years - 10 years 7.00%

Note: Axis FD Rates are subject to change. Check Axis Bank's website for the latest FD interest rates.

Read More

Axis Bank FD Interest Rates 2024 for NRO Deposits of Less Than Rs. 2 Crores

Axis Bank FD Interest Rates 2024 on RFC Deposits

Axis Bank FD Interest Rates 2024 on FCNR (B) Deposits

Types of Axis Bank Fixed Deposit (FD) Schemes

The list of major types of Axis Bank Fixed Deposit Schemes is as follows:

Regular Fixed Deposit
Digital Fixed Deposit
Tax-Saver Fixed Deposit
Fixed Deposit Plus
Auto-Fixed Deposit

Types of Axis Bank FDs in Detail:

1. Axis Bank Regular Fixed Deposit

Features	Details
Minimum Deposit Amount	Rs. 10,000 (when opening the account by visiting the bank)
Tenure	7 days to 10 years
Competitive Axis FD Rates	For domestic deposits of up to Rs. 2 crores: 3.00% - 7.10% p.a.
Special FD Interest Rates for Senior Citizens	Axis Bank offers especially higher interest rates to senior citizens for callable type FDs
FD Account Opening Mode	Online Net Banking Visit the nearest Axis Bank Branch
Interest Compounding Period	Yearly Half-yearly Quarterly Monthly
Auto-Transfer from Savings Account	Allowed
Automatic Roll-out Facility	Provided You can get your FD funds credited to a separate bank account

2. Axis Bank Digital Fixed Deposit

Features	Details
Deposit Amount Limit	Rs. 5,000- Rs. 2 Lakhs
Tenure	6 months- 10 years
No Documentation	Video KYC without any documents
FD Issuance Fee	No fees charged
Hassle-free Account Open	Within 7 minutes
Premature FD Withdrawal	Zero penalties if withdrawals up to 25% of the FD amount
FD Tenure, Rates, and Other Features	Same as Regular Fixed Deposit
Digital FD Account	Open a digital FD Account using any other bank's Savings Account

3. Axis Bank Fixed Deposit Plus

Features	Details
Higher FD Rates	Offers higher fixed deposit interest rate than regular Axis Bank FD rates
Eligibility	Resident Individuals NRIs
Deposit Amount Limit	Rs. 2 Crores – No Limit
Deposits Types	Short-term Deposit Reinvestment Deposit Monthly Interest Payout Quarterly Interest Payout
Auto-Renewal Facility	Not Available
Interest Type	Simple Interest Compound Interest

4. Axis Bank Tax-Saver Fixed Deposit

Features	Details
Future Security	Helps to build funds for future financial needs with additional tax benefits
Eligibility	Available to Single Account Holders
FD Amount Limit	Rs. 100 - Rs. 1.5 lakhs
Deposits Types	Reinvestment Deposit Quarterly Interest Payout Monthly Interest Payout
Tenure	5 Years
Tax Benefits	Tax deductions on investments of up to Rs. 1.5 lakhs Under Section 80C of the Income Tax Act, 1961

5. Axis Bank Auto Fixed Deposit

Features	Details
Inter-Link Savings Account	Allows a flexible inter-linking the FD account with the Savings account Earn the benefits of both the Savings Account and the FD Account
Auto-Transfer	The funds in a Savings account extra than a certain limit are automatically transferred to the FD Account
Easy Access to Funds	Get access to the funds in FD through: ATM Cheque

Eligibility Criteria for Axis Bank FD Rates
Following is the list of eligible customers to open an Axis Bank FD account and avail of Axis FD interest rates:
- Resident individuals
- Minors
- Hindu Undivided Families (HUF)
- Sole Proprietorship Firms
- Trusts
- Partnership Firms
- Sole Traders
- Companies with Joint Stock
- Associations/ Clubs
Read More

Documents Required to Apply for Axis Bank FD Rates

The list of documents required by the various eligible customers for Axis Bank FD rates is as follows:

How to Invest for Axis Bank FD Rates?

An investor can opt for either of the following methods to invest for the Axis FD Interest Rates:

Axis Bank FD Rates 2024 Calculator
Axis Bank Fixed Deposit calculator is an easy-to-use, hassle-free tool that helps you with the following:
- Fast calculation of the maturity amount
- Estimate the interest earned from the Axis Bank FD interest rates at the end of the policy tenure
- Helps in deciding which type of Axis Bank FD Rates Scheme is best for you
Steps to calculate Axis Bank FD rates using an FD calculator:
- Step 1: Select the following details in the FD calculator:
- Step 2:Once you enter the details, the Axis FD Rates Calculator will provide you with the following information:
Read More
Wrapping It Up

Axis Bank offers competitive rates of interest, making it a viable choice for individuals seeking a reliable and secure investment option. The Axis Bank FD rates are influenced by various factors, including the deposit amount, tenure, and the type of customer. It is advisable to carefully compare and consider these Axis Bank fixed deposit rates along with your financial goals before making an investment decision.

Axis Bank Fixed Deposit Interest Rates - FAQs

What is the current FD rate of Axis Bank in 2024?

The current Axis Bank FD rates in 2024 are as follows:

TENURE	REGULAR RATES CURRENT RATES	SENIOR CITIZEN
7 days to 29 days	3.00%	3.50%
30 days to 45 days	3.50%	4.00%
46 days to 60 days	4.25%	4.75%
61 days to less than 3 months	4.50%	5.00%
3 months to less than 6 months	4.75%	5.25%
6 months to less than 9 months	5.75%	6.25%
9 months to less than 1 year	6.00%	6.50%
1 year to less than 15 months	6.70%	7.20%
15 months to less than 5 years	7.10%	7.60%
5 years to 10 years	7.00%	7.75%

What is the interest of Rs. 1 lakh in Axis?

The Axis Bank FD interest rates on deposits of Rs. 1 lakh is 7.10% p.a. for tenure of 15 months to less than 5 years. The interest earned on this Axis FD rates is Rs. 40,900, and the maturity amount is Rs. 1.41 lakhs.

Which FD scheme is the best?

Some of the best FD interest rates in India are offered by:

Axis Bank
Punjab National Bank (PNB)
State Bank of India (SBI)
Bajaj Finance
IDFC First Bank
Equitas Small Finance Bank
Ujjivan Small Finance Bank

Which bank FD rate is high?

The list of some top banks offering the highest fixed deposit rates is as follows:

Name of Bank	FD Interest Rates (in % per annum)
Name of Bank	Highest FD Interest Rate by the Bank	1-Year Tenure	2-Year Tenure	3-Year Tenure	5-Year Tenure	10-Year Tenure
SBI FD Rates	7.10% (400 days)	6.80%	7.00%	6.50%	6.50%	6.50%
HDFC Bank FD Rates	7.20% (4 years 7 months - 55 months	6.60%	7.00%	7.00%	7.00%	7.00%
ICICI Bank FD Rates	7.10%(15 months - 2 years)	6.70%	7.10%	7.00%	7.00%	6.90%
Axis Bank FD Rates	7.10%(15 months to < 5 years)	6.70%	7.10%	7.10%	7.00%	7.00%
PNB FD Rates	7.25%(444 days)	6.75%	6.80%	7.00%	6.50%	6.50%

What is the interest rate of Axis Bank?

The interest rate offered by Axis Bank varies greatly depending on the type of account or loan you are interested:

Savings Accounts: The interest rate ranges from 3% to 3.5% p.a. on deposits below Rs. 2 crores.
Fixed Deposits: Rates currently range from 3.00% to 7.10% p.a. on deposits below Rs. 2 crores.

What is the FD rate of interest in Axis Bank 2024?

The FD rates Axis bank in 2024 are mentioned below:

7 days to 29 days: 3.00%
30 days to 45 days: 3.50%
46 days to 60 days: 4.25%
61 days to less than 3 months: 4.50%
3 months to less than 6 months: 4.75%
6 months to less than 9 months: 5.75%
9 months to less than 1 year: 6.00%
1 year to less than 15 months: 6.70%
15 months to less than 5 years: 7.10%
5 years to 10 years: 7.00%

* Tax adjustment considering income tax slab of 30%
** Life cover for a plan with an annualized premium of Rs 1L
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
#Discount offered by insurance company
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

You May Also Know About : FD Interest Rates | SBI FD Interest Rates | ICICI Bank FD Rates | HDFC FD Interest Rates | Yes Bank FD Rates

Period of Term Deposits	US $		GB £	EU €	AU $	CA $
Period of Term Deposits	< 1 million	1 million & above	GB £	EU €	AU $	CA $
30 days to < 3 months	0.15%	0.15%	0.15%	0.01%	0.30%	0.35%
3 months < 6 months	0.25%	0.25%	0.15%	0.01%	0.30%	0.35%
6 months < 1 year	0.30%	0.30%	0.15%	0.01%	0.30%	0.35%
1 year < 2 years	5.80%	6.00%	4.00%	2.90%	3.70%	4.20%
2 years < 3 years	4.30%	4.30%	3.75%	0.01%	3.75%	3.50%
3 years < 4 years	4.10%	4.10%	2.45%	0.01%	3.80%	3.45%
4 years < 5 years	4.10%	4.10%	2.45%	0.01%	4.00%	3.35%
5 years	4.10%	4.10%	2.45%	0.01%	4.05%	3.30%

Period of Term Deposits	US $		GB £	EU €	AU $	CA $	JP ¥
Period of Term Deposits	< 1 million	1 million & above	GB £	EU €	AU $	CA $	JP ¥
> 1 year - < 2 years	5.80%	6.00%	4.00%	2.90%	3.70%	4.20%	0.01%
> 2 years - < 3 years	4.30%	4.30%	3.75%	0.01%	3.75%	3.50%	0.01%
> 3 years - < 4 years	4.10%	4.10%	2.45%	0.01%	3.80%	3.45%	0.01%
> 4 years - < 5 years	4.10%	4.10%	2.45%	0.01%	4.00%	3.35%	0.01%
5 years	4.10%	4.10%	2.45%	0.01%	4.05%	3.30%	0.01%

Particulars	Documents Required for Axis FD Rates
Resident Individuals/ HUF/ Sole Proprietorship Firms	Valid Passport Driving License An introduction certificate by an Axis Bank Savings Account Holder or any other bank account holder Passport-size Photograph
Trusts	Trust Deed Registration Certificate Trustees' Resolution for authorizing the concerned member to open and manage the FD account
Associations/ Clubs	Association By-Laws Board's Resolution for authorizing the concerned member to open and manage the FD account Passport-size Photographs of the member managing the FD account
Partnership Firms	Partnership Deed Partners' letter approving for the concerned person to open and manage the FD account Passport-size Photographs of the person managing the FD account

Mode to Open FD Account	The Process to Apply for Axis FD Rates
Internet Banking	Log in to Axis Bank internet banking facility Select the "Fixed Deposit" option Select the tab "Create Fixed Deposit." Duly fill in the required credentials of the account holder and nominee Up on confirmation of the details, the FD amount will get debited from the Savings account to credit in the FD account Save your Axis Bank Fixed Deposit receipt/ e-statement for future use
Axis Bank Mobile Application	Log in to the mobile banking app of Axis Bank Select the "Deposit" option Click on the option "Open FD." Duly fill in the required details of the customer and the nominee Up on confirmation of the details, the FD amount will get debited from the Savings account to credit in the FD account Save your Axis Bank Fixed Deposit receipt/ e-statement for future use
Offline	Visit the nearest Axis Bank branch Fill out forms to open their respective FD account Submit all the relevant documents Deposit the FD amount to the bank officer After successfully verification of all the provided documents, the branch manager provides a receipt. Keep the receipt safe for any future needs.

Axis Bank FD Rates

Axis Bank FD Rates Aug 2024

Bank FD Interest Rates

Bank FD Calculator

NRI-NRE FD Rates

What are Axis Bank FD Interest Rates?

Axis Bank FD Rates 2024 for Deposits above Rs. 5 Crores to Rs. 24.75 Crores (Domestic)

Axis Bank FD Rates 2024 for Deposits above Rs. 2 Crores to Rs. 5 Crores (Domestic)

Axis Bank FD Interest Rates 2024 for NRE Deposits Below Rs. 2 Crores

Axis Bank FD Interest Rates 2024 for NRO Deposits of Less Than Rs. 2 Crores

Axis Bank FD Interest Rates 2024 on RFC Deposits

Axis Bank FD Interest Rates 2024 on FCNR (B) Deposits

Types of Axis Bank Fixed Deposit (FD) Schemes

Eligibility Criteria for Axis Bank FD Rates

Documents Required to Apply for Axis Bank FD Rates

How to Invest for Axis Bank FD Rates?

Axis Bank FD Rates 2024 Calculator

Wrapping It Up

FD Rates articles

Tenure	Axis FD Interest Rates for General Citizens (% p.a.)	Axis FD Interest Rates for Senior Citizens (% p.a.)
7 - 14 days	4.80	5.30
15 – 29 days	5.00	5.50
30 – 45 days	5.50	6.00
46 – 60 days	5.75	6.25
61 days- < 3 months	6.00	7.00
3 months - < 4 months	6.50	5.50
4 months - < 5 months	6.50	7.00
5 months - < 6 months	6.50	7.00
6 months - < 7 months	6.75	7.25
7 months - < 8 months	6.75	7.25
8 months - < 9 months	6.75	7.25
9 months - < 10 months	6.85	7.35
10 months - < 11 months	6.85	7.35
11 months - 11 months 24 days	6.85	7.35
11 months 25 days - < 1 year	5.00	5.50
1 year - 1 year 4 days	7.25	7.75
1 year 5 days - 1 year 10 days	7.25	7.75
1 year 11 days - 1 year 24 days	7.25	7.75
1 year 25 days - < 13 months	7.25	7.75
13 months - < 14 months	7.25	7.75
14 months - < 15 months	7.25	7.75
15 months - < 16 months	7.05	7.55
16 months - < 17 months	7.05	7.55
17 months - < 18 months	7.05	7.55
18 Months - < 2 years	7.05	7.55
2 years - < 30 months	7.00	7.50
30 months - < 3 years	7.00	7.50
3 years - < 5 years	7.00	7.50
5 years - 10 years	7.00	7.75

Tenure	Axis FD Rates for General Citizens (% p.a.)	Axis FD Rates for Senior Citizens (% p.a.)
7 - 14 days	4.80%	5.30%
15 – 29 days	5.00%	5.50%
30 – 45 days	5.50%	6.00%
46 – 60 days	5.75%	6.25%
61 days- < 3 months	6.00%	6.50%
3 months - < 6 months	6.50%	7.00%
6 months - < 9 months	6.65%	7.15%
9 months - 11 months 24 days	6.75%	7.25%
11 months 25 days - < 1 year	5.00%	5.50%
1 year - < 15 months	7.25%	7.75%
15 months - < 2 years	7.05%	7.55 %
2 years - < 5 years	7.00%	7.50%
5 years - 10 years	7.00%	7.75%

Tenure	Axis FD Rates for NRE Deposits (% p.a.)
1 year - < 15 months	6.70%
15 months - < 5 years	7.10%
5 years - 10 years	7.00%

Tenure	Axis FD Rates for NRO Deposits (% p.a.)
7 - 29 days	3.00%
30 – 45 days	3.50%
46 – 60 days	4.25%
61 days - < 3 months	4.50%
3 months - < 6 months	4.75%
6 months - < 9 months	5.75%
9 months - < 1 year	6.00%
1 year - < 15 months	6.70%
15 months- < 5 years	7.10%
5 years - 10 years	7.00%