Axis Bank Senior Citizen FD Rates 2025

What is an Axis Bank Senior Citizen FD?

Axis Bank Senior Citizen FD is a fixed deposit designed specifically for individuals aged 60 and above. Depositors can choose tenures from 7 days to 10 years and select interest payout options such as monthly, quarterly, half-yearly, or cumulative. The Axis Bank offers FD schemes for senior citizens like Tax Saver FD, Senior Citizen FD, and Automatic Renewal FD, with additional interest rates than general citizens.

Key Benefits of Axis Bank Senior Citizen FD

An Axis Bank Senior Citizen FD is designed for individuals aged 60 years and above, offering competitive Axis Bank FD interest rates. Below are the benefits of Axis Bank Senior Citizen FD.

1. Loan Against FD: 

   Allows you to avail overdrafts or loans against a fixed deposit, ensuring funds are accessible without breaking the FD. The interest rate on such loans is usually lower than regular personal loans.

2. Premature Withdrawal: 

   This feature offers flexibility by allowing you to withdraw your Fixed Deposit before its maturity in case of financial emergencies. It ensures quick access to your funds while continuing to earn interest.

3. Tax Saver Option: 

   Senior citizens can also invest in Tax Saver FDs (5-year lock-in) for tax benefits under Section 80C. This option not only helps in saving taxes but also allows them to earn fixed returns over the lock-in period.

4. Safe Investment: 

   As a leading private sector bank, Axis Bank offers credibility and safety under the regulation of the Reserve Bank of India. Hence, Axis Bank FDs are a secure choice for investments and retirement planning.

5. Sweep-in/Sweep-out Facility: 

   Surplus funds from your savings account are automatically moved to a linked FD to earn higher interest. If your balance drops below a set limit, funds are transferred back from the FD, ensuring liquidity.

Axis FD Interest Rates for Senior Citizens

Here’s a quick overview of the Axis Bank FD rates for senior citizens for different tenures, below ₹ 3 crores:

Axis Bank Senior Citizen FD Rates (Less Than ₹3 Crores)

*Axis Bank FD interest rates w.e.f. Oct 11, 2025
*Senior Citizen Rates do not apply to NRIs

Axis Bank Senior Citizen FD Rates (₹3 Crores to less than ₹5 Crores)

Here’s a quick overview of the Axis Bank FD rates for senior citizens for different tenures, from ₹3 Crores to less than ₹5 Crores

*Axis Bank FD interest rates w.e.f. Oct 11, 2025

How to Open an Axis Bank Senior Citizen FD?

Axis Bank makes it convenient for senior citizens to open a fixed deposit through both digital and in-branch options. Here's a step-by-step guide for each method:

1. Online Method

   Axis Bank offers a seamless online process for senior citizens to open an FD, even without an existing Axis Bank savings account:

   • Visit the Axis Bank Website: Navigate to the Digital Fixed Deposit page.
   • Verify Identity: Provide your PAN and Aadhaar details for verification.
   • Enter Personal Details: Fill in your name, address, email ID, and other required information.
   • Select Deposit Details: Choose the deposit amount, tenure, and interest payout frequency.
   • Complete KYC: Engage in a brief video KYC call with an authorized Axis Bank agent.
   • Fund the FD: Transfer funds from any bank account via UPI, net banking, or debit card.
   • Confirmation & Access: Once completed, you'll receive an FD receipt via email, and you can manage your FD through Axis Bank's mobile app.

2. Offline Method

   If you prefer to open an FD by visiting a branch:

   • Locate a Branch: Find your nearest Axis Bank branch using the Branch Locator.
   • Gather Required Documents:
     • PAN Card
     • Aadhaar Card, Passport, Driving Licence, or Voter ID
     • Recent passport-sized photographs
     • Form 15H for tax exemption, if applicable
   • Visit the Branch: Go to the branch with the above documents.
   • Fill Out Application: Request and complete the FD application form.
   • Deposit Funds: Provide the desired deposit amount via cash, cheque, or transfer from your savings account.
   • Receive FD Certificate: After processing, you'll receive an FD certificate detailing the amount, interest rate, and maturity date.

Taxation on Axis Bank Senior Citizen FD Interest

While the interest earned on a Senior Citizen Fixed Deposit is taxable, it receives a significant benefit under the Income Tax Act.

1. Taxable Income: 

   Interest from these FDs is considered "Income from Other Sources" and is added to your total income, which is then taxed according to your applicable income slab.

2. Deduction under Section 80TTB: 

   Senior citizens can claim a tax deduction of up to ₹50,000 on the total interest earned from all their bank and post office deposits under Section 80TTB. This helps in lowering their overall taxable income and reduces their tax burden.

3. Tax-Saver FDs (5-year lock-in): 

   The principal investment is eligible for deduction under Section 80C (up to ₹1.5 lakh), but the interest from these is still taxable. 

Key Takeaway

Axis Bank Senior Citizen FD Rates 2025 are up to 7.35% p.a., which are typically 0.50% to 0.75% higher than regular FDs. Senior citizens can choose tenures from 7 days to 10 years with preferred interest payout intervals, auto-renewal, and multi-payment options. Axis Bank Sweep-in or sweep-out with Flexible Investment Amount facilities are also available. Popular schemes include Tax Saver FD, Senior Citizen FD, and Automatic Renewal FD, offering benefits like Tax Saver Option, a loan facility against FD, and premature withdrawal for financial flexibility.