Axis Bank Fixed Deposits (FDs) are a popular investment option for individuals looking to park their savings in a low-risk, stable investment with attractive returns. With its strong financial background and reliable services, Axis Bank has been a trusted name in the banking industry for years. The bank offers competitive FD rates that cater to the varying needs and financial goals of its customers. Whether you are a conservative investor or are looking for higher returns, Axis Bank’s FD options provide the right balance of stability and returns. In this article, we will take a closer look at the Axis Bank FD Rates and help you make an informed decision about your investments.
Table of Contents
- Axis Bank FD Interest Rates 2023
- Axis Bank Interest Rates for General Public on Domestic Deposits Below INR 5 CRORE
- Axis Bank Interest Rates for Senior Citizens on Domestic Deposits Below INR 5 CRORE
- Axis Bank Interest Rates for General Public on Domestic Deposits INR 5 CRORE and Above
- Axis Bank Interest Rates for Senior Citizens on Domestic Deposits INR 5 CRORE and Above
- Axis Bank Fixed Deposit Plus Interest Rates on Deposits INR 2 CRORE and Above
- Axis Bank FD Interest Rates for NRI
- Axis Bank Fixed Deposit Scheme Features and Benefits
- Types of Fixed Deposits in Axis Bank
- Eligibility and Documents Required to Open Axis Bank FD
- How To Apply for Axis Bank Fixed Deposit?
- Tax on Axis Bank Fixed Deposit
- Loan Against Axis Bank FD
- Premature Closure of Axis Bank Fixed Deposit
- FAQs on Axis Bank FD Rates
- Conclusion
Axis Bank FD Interest Rates 2023
Fixed deposits, also known as term deposits, are a popular investment option that offers a relatively low-risk way to save and grow your money. When you invest in a fixed deposit, you agree to keep your money with the bank for a fixed period of time, usually ranging from 7 days to 10 years, in return for a higher interest rate compared to a savings account. As for Axis Bank, it is one of the largest private sector banks in India. The bank offers a range of fixed deposit options with different interest rates and tenures to meet the varying needs of its customers.
Axis Bank Interest Rates for General Public on Domestic Deposits Below INR 5 CRORE
We have depicted the Axis Bank FD Interest Rates rates for the General public on Domestic Deposits below INR 5 crore in a tabular form. Please check:
| Sr. No. | PERIOD | INTEREST RATES (% P.A.) | |||||
| BELOW Rs. 2 CRORE | RS. 2 CRORE < RS. 2.30 CRORE | RS. 2.30 CRORE < RS. 2.40 CRORE | RS. 2.40 CRORE < RS. 4.91 CRORE | RS. 4.91 CRORE < RS. 4.92 CRORE | RS.. 4.92 CRORE < RS. 5 CRORE | ||
| 1. | 7 days to 14 days | 3.50 | 4.80 | 4.75 | 4.80 | 4.75 | 4.80 |
| 2. | 15 days to 29 days | 3.50 | 5.00 | 4.75 | 5.00 | 4.75 | 5.00 |
| 3. | 30 days to 45 days | 3.50 | 5.50 | 4.75 | 5.50 | 4.75 | 5.50 |
| 4. | 46 days to 60 days | 4.00 | 6.25 | 4.75 | 6.25 | 4.75 | 6.25 |
| 5. | 61 days < 3 months | 4.50 | 6.25 | 4.75 | 6.25 | 4.75 | 6.25 |
| 6. | 3 months < 4 months | 4.75 | 6.50 | 4.75 | 6.50 | 4.75 | 6.50 |
| 7. | 4 months < 5 months | 4.75 | 6.50 | 4.75 | 6.50 | 4.75 | 6.50 |
| 8. | 5 months < 6 months | 4.75 | 6.50 | 4.75 | 6.50 | 4.75 | 6.50 |
| 9. | 6 months < 7 months | 5.75 | 6.65 | 4.75 | 6.65 | 4.75 | 6.65 |
| 10. | 7 months < 8 months | 5.75 | 6.65 | 4.75 | 6.65 | 4.75 | 6.65 |
| 11. | 8 months < 9 months | 5.75 | 6.65 | 4.75 | 6.65 | 4.75 | 6.65 |
| 12. | 9 months < 10 months | 6.00 | 6.75 | 5.00 | 6.75 | 5.00 | 6.75 |
| 13. | 10 months < 11 months | 6.00 | 6.75 | 5.00 | 6.75 | 5.00 | 6.75 |
| 14. | 11 months to 11 months 24 days | 6.00 | 6.75 | 5.00 | 6.75 | 5.00 | 6.75 |
| 15. | 11 months 25 days < 1 year | 6.00 | 6.75 | 5.00 | 6.75 | 5.00 | 6.75 |
| 16. | 1 year to 1 year 4 days | 6.75 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 17. | 1 year 5 days to 1 year 10 days | 6.75 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 18. | 1 year 11 days to 1 year 24 days | 6.75 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 19. | 1 year 25 days < 13 months | 7.10 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 20. | 13 months < 14 months | 6.75 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 21. | 14 months < 15 months | 6.75 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 22. | 15 months < 16 months | 6.75 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 23. | 16 months < 17 months | 6.75 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 24. | 17 months < 18 months | 6.75 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 25. | 18 Months < 2 years | 6.75 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 26. | 2 years < 30 months | 7.26 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 27. | 30 months < 3 years | 7.00 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 28. | 3 years < 5 years | 7.00 | 7.00 | 5.00 | 7.00 | 5.00 | 7.00 |
| 29. | 5 years to 10 years | 7.00 | 7.00 | 5.00 | 7.00 | 5.00 | 7.00 |
Disclaimer:
It is important to note that Axis FD interest rates are subject to change from time to time and customers should check the bank’s official website or contact the bank for the latest information.
Axis Bank Interest Rates for Senior Citizens on Domestic Deposits Below INR 5 CRORE
The Axis Bank FD Rates For Senior Citizens are clearly tabulated below for your reference:
Sr.No. | PERIOD | INTEREST RATES (% P.A.) | |||||
| BELOW RS. 2 CRORE | RS. 2 CRORE< RS. 2.30 CRORE | RS. 2.30 CRORE < RS. 2.40 CRORE | RS. 2.40 CRORE < RS. 4.91 CRORE | RS. 4.91 CRORE < RS. 4.92 CRORE | RS. 4.92 CRORE < RS. 5 CRORE | ||
| 1. | 7 days to 14 days | 3.50 | 4.80 | 4.75 | 4.80 | 4.75 | 4.80 |
| 2. | 15 days to 29 days | 3.50 | 5.00 | 4.75 | 5.00 | 4.75 | 5.00 |
| 3. | 30 days to 45 days | 3.50 | 5.50 | 4.75 | 5.50 | 4.75 | 5.50 |
| 4. | 46 days to 60 days | 4.00 | 6.25 | 4.75 | 6.25 | 4.75 | 6.25 |
| 5. | 61 days < 3 months | 4.50 | 6.25 | 4.75 | 6.25 | 4.75 | 6.25 |
| 6. | 3 months < 4 months | 4.75 | 6.50 | 4.75 | 6.50 | 4.75 | 6.50 |
| 7. | 4 months < 5 months | 4.75 | 6.50 | 4.75 | 6.50 | 4.75 | 6.50 |
| 8. | 5 months < 6 months | 4.75 | 6.50 | 4.75 | 6.50 | 4.75 | 6.50 |
| 9. | 6 months < 7 months | 6.00 | 6.90 | 5.00 | 6.90 | 5.00 | 6.90 |
| 10. | 7 months < 8 months | 6.00 | 6.90 | 5.00 | 6.90 | 5.00 | 6.90 |
| 11. | 8 months < 9 months | 6.00 | 6.90 | 5.00 | 6.90 | 5.00 | 6.90 |
| 12. | 9 months < 10 months | 6.25 | 7.00 | 5.25 | 7.00 | 5.25 | 7.00 |
| 13 | 10 months < 11 months | 6.25 | 7.00 | 5.25 | 7.00 | 5.25 | 7.00 |
| 14. | 11 months to 11 months 24 days | 6.25 | 7.00 | 5.25 | 7.00 | 5.25 | 7.00 |
| 15. | 11 months 25 days < 1 year | 6.25 | 7.00 | 5.25 | 7.00 | 5.25 | 7.00 |
| 16. | 1 year to 1 year 4 days | 7.50 | 8.00 | 5.75 | 8.00 | 5.75 | 8.00 |
| 17. | 1 year 5 days to 1 year 10 days | 7.50 | 8.00 | 5.75 | 8.00 | 5.75 | 8.00 |
| 18. | 1 year 11 days to 1 year 24 days | 7.50 | 8.00 | 5.75 | 8.00 | 5.75 | 8.00 |
| 19. | 1 year 25 days < 13 months | 7.85 | 8.00 | 5.75 | 8.00 | 5.75 | 8.00 |
| 20. | 13 months < 14 months | 7.50 | 8.00 | 5.75 | 8.00 | 5.75 | 8.00 |
| 21. | 14 months < 15 months | 7.50 | 8.00 | 5.75 | 8.00 | 5.75 | 8.00 |
| 22. | 15 months < 16 months | 7.50 | 8.00 | 5.75 | 8.00 | 5.75 | 8.00 |
| 23. | 16 months < 17 months | 7.50 | 8.00 | 5.75 | 8.00 | 5.75 | 8.00 |
| 24. | 17 months < 18 months | 7.50 | 8.00 | 5.75 | 8.00 | 5.75 | 8.00 |
| 25. | 18 Months < 2 years | 7.50 | 8.00 | 5.75 | 8.00 | 5.75 | 8.00 |
| 26. | 2 years < 30 months | 8.01 | 8.00 | 5.75 | 8.00 | 5.75 | 8.00 |
| 27. | 30 months < 3 years | 7.75 | 8.00 | 5.75 | 8.00 | 5.75 | 8.00 |
| 28. | 3 years < 5 years | 7.75 | 7.75 | 5.75 | 7.75 | 5.75 | 7.75 |
| 29. | 5 years to 10 years | 7.75 | 7.75 | 5.75 | 7.75 | 5.75 | 7.75 |
Disclaimer:
It is important to keep in mind that Axis FD interest rates change quite often with time and customers should check the bank’s official website or contact the bank for the latest information.
Axis Bank Interest Rates for General Public on Domestic Deposits INR 5 CRORE and Above
In the table below you can find Axis Bank FD Rates 2023 for the general public.
| Sr. No. | PERIOD | INTEREST RATES (% P.A.) | |||||
| RS. 5 CRORE < RS. 10 CRORE | RS. 10 CRORE < RS. 24.75 CRORE | RS. 24.75 CRORE < RS. 25 CRORE | RS. 25 CRORE < RS. 50 CRORE | RS. 50 CRORE < RS. 100 CRORE | RS. 100 CRORES AND ABOVE | ||
| 1. | 7 days to 14 days | 4.80 | 4.80 | 4.75 | 4.80 | 5.75 | 5.75 |
| 2. | 15 days to 29 days | 5.00 | 5.00 | 4.75 | 5.00 | 5.75 | 5.75 |
| 3. | 30 days to 45 days | 5.50 | 5.50 | 4.75 | 5.50 | 5.75 | 5.75 |
| 4. | 46 days to 60 days | 6.25 | 6.25 | 4.75 | 6.25 | 6.25 | 6.25 |
| 5. | 61 days < 3 months | 6.25 | 6.25 | 4.75 | 6.25 | 6.25 | 6.25 |
| 6. | 3 months < 4 months | 6.50 | 6.50 | 4.75 | 6.80 | 6.80 | 6.80 |
| 7. | 4 months < 5 months | 6.50 | 6.50 | 4.75 | 6.80 | 6.80 | 6.80 |
| 8. | 5 months < 6 months | 6.50 | 6.50 | 4.75 | 6.80 | 6.80 | 6.80 |
| 9. | 6 months < 7 months | 6.65 | 6.65 | 4.75 | 6.85 | 6.85 | 6.85 |
| 10. | 7 months < 8 months | 6.65 | 6.65 | 4.75 | 6.85 | 6.85 | 6.85 |
| 11. | 8 months < 9 months | 6.65 | 6.65 | 4.75 | 6.85 | 6.85 | 6.85 |
| 12. | 9 months < 10 months | 6.75 | 6.75 | 5.00 | 6.90 | 6.90 | 6.90 |
| 13 | 10 months < 11 months | 6.75 | 6.75 | 5.00 | 6.90 | 6.90 | 6.90 |
| 14. | 11 months to 11 months 24 days | 6.75 | 6.75 | 5.00 | 6.90 | 6.90 | 6.90 |
| 15. | 11 months 25 days < 1 year | 6.75 | 6.75 | 5.00 | 6.90 | 6.90 | 6.90 |
| 16. | 1 year to 1 year 4 days | 7.25 | 7.25 | 5.00 | 7.25 | 7.25 | 7.25 |
| 17. | 1 year 5 days to 1 year 10 days | 7.25 | 7.25 | 5.00 | 7.25 | 7.25 | 7.25 |
| 18. | 1 year 11 days to 1 year 24 days | 7.25 | 7.25 | 5.00 | 7.25 | 7.25 | 7.25 |
| 19. | 1 year 25 days < 13 months | 7.25 | 7.25 | 5.00 | 7.25 | 7.25 | 7.25 |
| 20. | 13 months < 14 months | 7.25 | 7.25 | 5.00 | 7.25 | 7.25 | 7.25 |
| 21. | 14 months < 15 months | 7.25 | 7.25 | 5.00 | 7.25 | 7.25 | 7.25 |
| 22. | 15 months < 16 months | 7.25 | 7.25 | 5.00 | 7.25 | 7.25 | 7.25 |
| 23. | 16 months < 17 months | 7.25 | 7.25 | 5.00 | 7.25 | 7.25 | 7.25 |
| 24. | 17 months < 18 months | 7.25 | 7.25 | 5.00 | 7.25 | 7.25 | 7.25 |
| 25. | 18 Months < 2 years | 7.25 | 7.25 | 5.00 | 7.25 | 7.25 | 7.25 |
| 26. | 2 years < 30 months | 7.25 | 7.25 | 5.00 | 7.25 | 7.25 | 7.25 |
| 27. | 30 months < 3 years | 7.25 | 7.25 | 5.00 | 7.25 | 7.25 | 7.25 |
| 28. | 3 years < 5 years | 7.00 | 7.00 | 5.00 | 7.00 | 7.00 | 7.00 |
| 29. | 5 years to 10 years | 7.00 | 7.00 | 5.00 | 7.00 | 7.00 | 7.00 |
Disclaimer:
The Axis FD interest rates are subject to change and customers should check the bank’s official website or contact the bank for the latest information for the same.
Axis Bank Interest Rates for Senior Citizens on Domestic Deposits INR 5 CRORE and Above
The Axis Bank FD Interest Rates 2023 For Senior Citizens are as follows:
| Sr.No. | PERIOD | INTEREST RATES (% P.A.) | |||||
| RS. 5 CRORE < RS. 10 CRORE | RS. 10 CRORE < RS. 24.75 CRORE | RS. 24.75 CRORE < RS. 25 CRORE | RS. 25 CRORE < RS. 50 CRORE | RS. 50 CRORE < RS. 100 CRORE | RS. 100 CRORE AND ABOVE | ||
| 1. | 7 days to 14 days | 4.80 | 4.80 | 4.75 | 4.80 | 5.75 | 5.75 |
| 2. | 15 days to 29 days | 5.00 | 5.00 | 4.75 | 5.00 | 5.75 | 5.75 |
| 3. | 30 days to 45 days | 5.50 | 5.50 | 4.75 | 5.50 | 5.75 | 5.75 |
| 4. | 46 days to 60 days | 6.25 | 6.25 | 4.75 | 6.25 | 6.25 | 6.25 |
| 5. | 61 days < 3 months | 6.25 | 6.25 | 4.75 | 6.25 | 6.25 | 6.25 |
| 6. | 3 months < 4 months | 6.50 | 6.50 | 4.75 | 6.80 | 6.80 | 6.80 |
| 7. | 4 months < 5 months | 6.50 | 6.50 | 4.75 | 6.80 | 6.80 | 6.80 |
| 8. | 5 months < 6 months | 6.50 | 6.50 | 4.75 | 6.80 | 6.80 | 6.80 |
| 9. | 6 months < 7 months | 6.90 | 6.90 | 5.00 | 7.10 | 7.10 | 7.10 |
| 10. | 7 months < 8 months | 6.90 | 6.90 | 5.00 | 7.10 | 7.10 | 7.10 |
| 11. | 8 months < 9 months | 6.90 | 6.90 | 5.00 | 7.10 | 7.10 | 7.10 |
| 12. | 9 months < 10 months | 7.00 | 7.00 | 5.25 | 7.15 | 7.15 | 7.15 |
| 13 | 10 months < 11 months | 7.00 | 7.00 | 5.25 | 7.15 | 7.15 | 7.15 |
| 14. | 11 months to 11 months 24 days | 7.00 | 7.00 | 5.25 | 7.15 | 7.15 | 7.15 |
| 15. | 11 months 25 days < 1 year | 7.00 | 7.00 | 5.25 | 7.15 | 7.15 | 7.15 |
| 16. | 1 year to 1 year 4 days | 8.00 | 8.00 | 5.75 | 8.00 | 8.00 | 8.00 |
| 17. | 1 year 5 days to 1 year 10 days | 8.00 | 8.00 | 5.75 | 8.00 | 8.00 | 8.00 |
| 18. | 1 year 11 days to 1 year 24 days | 8.00 | 8.00 | 5.75 | 8.00 | 8.00 | 8.00 |
| 19. | 1 year 25 days < 13 months | 8.00 | 8.00 | 5.75 | 8.00 | 8.00 | 8.00 |
| 20. | 13 months < 14 months | 8.00 | 8.00 | 5.75 | 8.00 | 8.00 | 8.00 |
| 21. | 14 months < 15 months | 8.00 | 8.00 | 5.75 | 8.00 | 8.00 | 8.00 |
| 22. | 15 months < 16 months | 8.00 | 8.00 | 5.75 | 8.00 | 8.00 | 8.00 |
| 23. | 16 months < 17 months | 8.00 | 8.00 | 5.75 | 8.00 | 8.00 | 8.00 |
| 24. | 17 months < 18 months | 8.00 | 8.00 | 5.75 | 8.00 | 8.00 | 8.00 |
| 25. | 18 Months < 2 years | 8.00 | 8.00 | 5.75 | 8.00 | 8.00 | 8.00 |
| 26. | 2 years < 30 months | 8.00 | 8.00 | 5.75 | 8.00 | 8.00 | 8.00 |
| 27. | 30 months < 3 years | 8.00 | 8.00 | 5.75 | 8.00 | 8.00 | 8.00 |
| 28. | 3 years < 5 years | 7.75 | 7.75 | 5.75 | 7.75 | 7.75 | 7.75 |
| 29. | 5 years to 10 years | 7.75 | 7.75 | 5.75 | 7.75 | 7.75 | 7.75 |
Disclaimer:
It is important to note that Axis FD interest rates are subject to change from time to time and customers should check the bank’s official website or contact the bank for the latest information.
Axis Bank Fixed Deposit Plus Interest Rates on Deposits INR 2 CRORE and Above
The latest Axis FD Interest Rates for the year 2023 are available in the tabular form below:
| Sr. No. | PERIOD | INTEREST RATES (% P.A.) | |||||
| RS. 2 CRORE < RS. 5 CRORE | RS. 5 CRORE < RS. 10 CRORE | RS. 10 CRORE < RS. 25 CRORE | RS. 25 CRORE < RS. 50 CRORE | RS. 50 CRORE < RS. 100 CRORE | RS. 100 CRORE AND ABOVE | ||
| 1. | 30 days to 45 days | 5.50 | 5.50 | 5.50 | 5.50 | 5.75 | 5.75 |
| 2. | 46 days to 60 days | 6.25 | 6.25 | 6.25 | 6.25 | 6.25 | 6.25 |
| 3. | 61 days < 3 months | 6.25 | 6.25 | 6.25 | 6.25 | 6.25 | 6.25 |
| 4. | 3 months < 4 months | 6.85 | 6.85 | 6.85 | 7.10 | 7.10 | 7.10 |
| 5. | 4 months < 5 months | 6.85 | 6.85 | 6.85 | 7.10 | 7.10 | 7.10 |
| 6. | 5 months < 6 months | 6.85 | 6.85 | 6.85 | 7.10 | 7.10 | 7.10 |
| 7. | 6 months < 7 months | 7.00 | 7.00 | 7.00 | 7.20 | 7.20 | 7.20 |
| 8. | 7 months < 8 months | 7.00 | 7.00 | 7.00 | 7.20 | 7.20 | 7.20 |
| 9. | 8 months < 9 months | 7.00 | 7.00 | 7.00 | 7.20 | 7.20 | 7.20 |
| 10. | 9 months < 10 months | 7.15 | 7.15 | 7.15 | 7.40 | 7.40 | 7.75 |
| 11. | 10 months < 11 months | 7.15 | 7.15 | 7.15 | 7.40 | 7.40 | 7.75 |
| 12. | 11 months to 11 months 24 days | 7.15 | 7.15 | 7.15 | 7.40 | 7.40 | 7.75 |
| 13. | 11 months 25 days < 1 year | 7.15 | 7.15 | 7.15 | 7.40 | 7.40 | 7.75 |
| 14. | 1 year to 1 year 4 days | 7.60 | 7.75 | 7.75 | 7.75 | 7.75 | 7.75 |
| 15. | 1 year 5 days to 1 year 10 days | 7.60 | 7.75 | 7.75 | 7.75 | 7.75 | 7.75 |
| 16. | 1 year 11 days to 1 year 24 days | 7.60 | 7.75 | 7.75 | 7.75 | 7.75 | 7.75 |
| 17. | 1 year 25 days < 13 months | 7.60 | 7.75 | 7.75 | 7.75 | 7.75 | 7.75 |
| 18. | 13 months < 14 months | 7.60 | 7.75 | 7.75 | 7.75 | 7.75 | 7.75 |
| 19. | 14 months < 15 months | 7.60 | 7.75 | 7.75 | 7.75 | 7.75 | 7.75 |
| 20. | 15 months < 16 months | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 |
| 21. | 16 months < 17 months | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 |
| 22. | 17 months < 18 months | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 |
| 23. | 18 Months < 2 years | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 |
| 24. | 2 years < 30 months | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 |
| 25. | 30 months < 3 years | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 |
| 26. | 3 years < 5 years | 7.25 | 7.25 | 7.25 | 7.25 | 7.25 | 7.25 |
| 27. | 5 years to 10 years | 7.25 | 7.25 | 7.25 | 7.25 | 7.25 | 7.25 |
Disclaimer:
It is to be noted that Axis FD interest rates can change anytime and customers should check the bank’s official website or contact the bank for the latest information.
Axis Bank FD Interest Rates for NRI
The Axis Bank NRI FD Rates for the year 2023 are updated on this page in tabular format. Please check.
Axis Bank Interest Rates for NRE on Deposits Below INR 5 CRORE
| Sr. No. | PERIOD | INTEREST RATES (% P.A.) for NRE DEPOSITS | |||||
| BELOW RS. 2 CRORE | RS. 2 CRORE < RS. 2.30 CRORE | RS. 2.30 CRORE < RS. 2.40 CRORE | RS. 2.40 CRORE < RS. 4.91 CRORE | RS. 4.91 CRORE < RS. 4.92 CRORE | RS. 4.92 CRORE < RS. 5 CRORE | ||
| 1. | 1 year to 1 year 4 days | 6.75 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 2. | 1 year 5 days to 1 year 10 days | 6.75 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 3. | 1 year 11 days to 1 year 24 days | 6.75 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 4. | 1 year 25 days < 13 months | 7.10 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 5. | 13 months < 14 months | 6.75 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 6. | 14 months < 15 months | 6.75 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 7. | 15 months < 16 months | 6.75 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 8. | 16 months < 17 months | 6.75 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 9. | 17 months < 18 months | 6.75 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 10. | 18 Months < 2 years | 6.75 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 11. | 2 years < 30 months | 7.26 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 12. | 30 months < 3 years | 7.00 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 13. | 3 years < 5 years | 7.00 | 7.00 | 5.00 | 7.00 | 5.00 | 7.00 |
| 14. | 5 years to 10 years | 7.00 | 7.00 | 5.00 | 7.00 | 5.00 | 7.00 |
Disclaimer:
Customers should heed in mind that Axis FD interest rates are subject to change from time to time and customers should check the bank’s official website or contact the bank for the latest information.
Axis Bank Interest Rates for NRE on Deposits INR 5 CRORE and Above
The Axis Bank FD Interest Rates 2023 for NREs are tabulated below for deposits of 5 crores and above.
| Sr. No. | PERIOD | INTEREST RATES (% P.A.) for NRE DEPOSITS | |||||
| RS. 5 CRORE < RS. 10 CRORE | RS. 10 CRORE < RS. 24.75 CRORE | RS. 24.75 CRORE < RS. 25 CRORE | RS. 25 CRORE < RS. 50 CRORE | RS. 50 CRORE < RS. 100 CRORE | RS. 100 CRORE AND ABOVE | ||
| 1. | 1 year to 1 year 4 days | 7.25 | 7.25 | 5.00 | 7.25 | 7.25 | 7.25 |
| 2. | 1 year 5 days to 1 year 10 days | 7.25 | 7.25 | 5.00 | 7.25 | 7.25 | 7.25 |
| 3. | 1 year 11 days to 1 year 24 days | 7.25 | 7.25 | 5.00 | 7.25 | 7.25 | 7.25 |
| 4. | 1 year 25 days < 13 months | 7.25 | 7.25 | 5.00 | 7.25 | 7.25 | 7.25 |
| 5. | 13 months < 14 months | 7.25 | 7.25 | 5.00 | 7.25 | 7.25 | 7.25 |
| 6. | 14 months < 15 months | 7.25 | 7.25 | 5.00 | 7.25 | 7.25 | 7.25 |
| 7. | 15 months < 16 months | 7.25 | 7.25 | 5.00 | 7.25 | 7.25 | 7.25 |
| 8. | 16 months < 17 months | 7.25 | 7.25 | 5.00 | 7.25 | 7.25 | 7.25 |
| 9. | 17 months < 18 months | 7.25 | 7.25 | 5.00 | 7.25 | 7.25 | 7.25 |
| 10. | 18 Months < 2 years | 7.25 | 7.25 | 5.00 | 7.25 | 7.25 | 7.25 |
| 11. | 2 years < 30 months | 7.25 | 7.25 | 5.00 | 7.25 | 7.25 | 7.25 |
| 12. | 30 months < 3 years | 7.25 | 7.25 | 5.00 | 7.25 | 7.25 | 7.25 |
| 13. | 3 years < 5 years | 7.00 | 7.00 | 5.00 | 7.00 | 7.00 | 7.00 |
| 14. | 5 years to 10 years | 7.00 | 7.00 | 5.00 | 7.00 | 7.00 | 7.00 |
Disclaimer:
Customers should note that Axis FD interest rates are subject to change often and customers should check the bank’s official website or contact the bank for the latest information.
Axis Bank Interest Rates for NRO on Deposits Below INR 5 CRORE
Sr.No. | PERIOD | INTEREST RATES (% P.A.) | |||||
| BELOW RS. 2 CRORE | RS. 2 CRORE < RS. 2.30 CRORE | RS. 2.30 CRORE < RS. 2.40 CRORE | RS. 2.40 CRORE < RS. 4.91 CRORE | RS. 4.91 CRORE < RS. 4.92 CRORE | RS. 4.92 CRORE < RS. 5 CRORE | ||
| 1. | 7 days to 14 days | 3.50 | 4.80 | 4.75 | 4.80 | 4.75 | 4.80 |
| 2. | 15 days to 29 days | 3.50 | 5.00 | 4.75 | 5.00 | 4.75 | 5.00 |
| 3. | 30 days to 45 days | 3.50 | 5.50 | 4.75 | 5.50 | 4.75 | 5.50 |
| 4. | 46 days to 60 days | 4.00 | 6.25 | 4.75 | 6.25 | 4.75 | 6.25 |
| 5. | 61 days < 3 months | 4.50 | 6.25 | 4.75 | 6.25 | 4.75 | 6.25 |
| 6. | 3 months < 4 months | 4.75 | 6.50 | 4.75 | 6.50 | 4.75 | 6.50 |
| 7. | 4 months < 5 months | 4.75 | 6.50 | 4.75 | 6.50 | 4.75 | 6.50 |
| 8. | 5 months < 6 months | 4.75 | 6.50 | 4.75 | 6.50 | 4.75 | 6.50 |
| 9. | 6 months < 7 months | 5.75 | 6.65 | 4.75 | 6.65 | 4.75 | 6.65 |
| 10. | 7 months < 8 months | 5.75 | 6.65 | 4.75 | 6.65 | 4.75 | 6.65 |
| 11. | 8 months < 9 months | 5.75 | 6.65 | 4.75 | 6.65 | 4.75 | 6.65 |
| 12. | 9 months < 10 months | 6.00 | 6.75 | 5.00 | 6.75 | 5.00 | 6.75 |
| 13 | 10 months < 11 months | 6.00 | 6.75 | 5.00 | 6.75 | 5.00 | 6.75 |
| 14. | 11 months to 11 months 24 days | 6.00 | 6.75 | 5.00 | 6.75 | 5.00 | 6.75 |
| 15. | 11 months 25 days < 1 year | 6.00 | 6.75 | 5.00 | 6.75 | 5.00 | 6.75 |
| 16. | 1 year to 1 year 4 days | 6.75 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 17. | 1 year 5 days to 1 year 10 days | 6.75 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 18. | 1 year 11 days to 1 year 24 days | 6.75 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 19. | 1 year 25 days < 13 months | 7.10 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 20. | 13 months < 14 months | 6.75 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 21. | 14 months < 15 months | 6.75 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 22. | 15 months < 16 months | 6.75 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 23. | 16 months < 17 months | 6.75 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 24. | 17 months < 18 months | 6.75 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 25. | 18 Months < 2 years | 6.75 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 26. | 2 years < 30 months | 7.26 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 27. | 30 months < 3 years | 7.00 | 7.25 | 5.00 | 7.25 | 5.00 | 7.25 |
| 28. | 3 years < 5 years | 7.00 | 7.00 | 5.00 | 7.00 | 5.00 | 7.00 |
| 29. | 5 years to 10 years | 7.00 | 7.00 | 5.00 | 7.00 | 5.00 | 7.00 |
Disclaimer
It is always recommended to check the latest interest rates directly with the bank before making a deposit. You can also bookmark our page and check it often for the revised rates.
Axis Bank Fixed Deposit Plus Interest Rates For NRE on Deposits INR 2 CRORE and Above
The Axis Bank Latest FD Rates are here to check.
| SR. NO | PERIOD | INTEREST RATES (% P.A.) for NRE DEPOSITS | |||||
| RS. 2 CRORE < RS. 5 CRORE | RS. 5 CRORE < RS. 10CRORE | RS. 10 CRORE < RS. 25 CRORE | RS. 25 CRORE < RS. 50 CRORE | RS. 50 CRORE < RS. 100 CRORE | RS. 100 CRORE AND ABOVE | ||
| 1. | 1 year to 1 year 4 days | 7.60 | 7.75 | 7.75 | 7.75 | 7.75 | 7.75 |
| 2. | 1 year 5 days to 1 year 10 days | 7.60 | 7.75 | 7.75 | 7.75 | 7.75 | 7.75 |
| 3. | 1 year 11 days to 1 year 24 days | 7.60 | 7.75 | 7.75 | 7.75 | 7.75 | 7.75 |
| 4. | 1 year 25 days < 13 months | 7.60 | 7.75 | 7.75 | 7.75 | 7.75 | 7.75 |
| 5. | 13 months < 14 months | 7.60 | 7.75 | 7.75 | 7.75 | 7.75 | 7.75 |
| 6. | 14 months < 15 months | 7.60 | 7.75 | 7.75 | 7.75 | 7.75 | 7.75 |
| 7. | 15 months < 16 months | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 |
| 8. | 16 months < 17 months | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 |
| 9. | 17 months < 18 months | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 |
| 10. | 18 Months < 2 years | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 |
| 11. | 2 years < 30 months | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 |
| 12. | 30 months < 3 years | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 |
| 13. | 3 years < 5 years | 7.25 | 7.25 | 7.25 | 7.25 | 7.25 | 7.25 |
| 14. | 5 years to 10 years | 7.25 | 7.25 | 7.25 | 7.25 | 7.25 | 7.25 |
Disclaimer:
It is always advised to check the latest interest rates from the bank’s official website before making a deposit. You can also bookmark our page and check it often for the revised rates.
Axis Bank Fixed Deposit Scheme Features and Benefits
Axis Bank offers several Fixed Deposit (FD) schemes with different features and benefits. Some of the key features and benefits of Axis Bank FDs are:
High Interest Rates: Axis Bank Fixed Deposit Rates are competitive and are aimed at helping customers earn higher returns on their savings.
Flexible Tenure: Customers can choose a tenure ranging from 7 days to 10 years, allowing them to align the maturity of their fixed deposit with their financial goals.
Safety and Security: Fixed deposits are considered one of the safest investment options as they are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to a limit of Rs. 5 lakhs per depositor per bank.
Convenient Online Option: Customers can easily open and manage their fixed deposit accounts online, eliminating the need for physical visits to the bank.
Loan Against Fixed Deposits: Axis Bank also provides loan facilities against fixed deposit, enabling customers to meet their immediate financial needs without breaking the deposit.
Premature Withdrawal: Customers can opt for premature withdrawal of their fixed deposit, although it may attract a penalty and lower interest rate. You can calculate the amount you would get after premature withdrawal using Axis Bank FD Calculator.
Auto-Renewal Option: Axis Bank also provides the option of auto-renewal of fixed deposits, allowing customers to continuously earn returns on their savings without the need for manual renewal.
Senior Citizen Benefits: Axis Bank provides additional benefits to senior citizens, such as higher interest rates on fixed deposits.
Nomination Facility: Customers can nominate a person to receive the maturity proceeds of their fixed deposit in the event of their demise.
TDS (Tax Deducted at Source): Interest earned on fixed deposits is subject to TDS, but customers can claim the TDS credit while filing their income tax returns.
Types of Fixed Deposits in Axis Bank
Axis Bank offers several types of Fixed Deposits (FDs) to meet the diverse needs of its customers. Here are some of the popular types of Fixed Deposits offered by Axis Bank. Note that the Axis FD Rates also vary depending on the deposit type.
Regular Fixed Deposits
This is a traditional type of fixed deposit that provides customers with a fixed rate of interest for the tenure chosen by them. It is ideal for individuals who are looking for a stable and safe investment option.
Digital Fixed Deposit
Digital Fixed Deposit (FD) is a type of fixed deposit offered by Axis Bank that allows customers to open and manage their fixed deposit accounts completely online, without the need for physical visits to the bank.
Recurring Deposits
This type of fixed deposit is suitable for individuals who have a regular source of income and want to save a fixed amount every month. The interest earned on recurring deposits is compounded quarterly.
Tax-Saver Fixed Deposit
Tax Saving Fixed Deposits: As the name suggests, these fixed deposits are designed for individuals who are looking to save tax. They come with a tenure of 5 years and offer tax benefits under Section 80C of the Income Tax Act
Fixed Deposit Plus
Fixed Deposit Plus is a savings scheme offered by Axis Bank that allows customers to earn higher returns on their fixed deposit investment. In this scheme, the interest earned on the fixed deposit is credited to the customer’s savings account, and the customer earns interest on the savings account balance as well. You can check the Axis Bank Fixed Deposit Interest Rates in the table above.
Auto Fixed Deposit
Auto Fixed Deposit (FD) allows customers to automatically renew their fixed deposit account at maturity. In an Auto FD, the invested amount and the accumulated interest is automatically reinvested at the prevailing interest rate, without the need for the customer to take any action.
Eligibility and Documents Required to Open Axis Bank FD
The eligibility criteria and documents required to open a Fixed Deposit (FD) account with Axis Bank vary depending on the type of FD and the customer’s residency status. Here is a general outline of the eligibility criteria and required documents for individuals:
Eligibility Criteria
- The minimum age to open a fixed deposit account with Axis Bank is 18 years.
- Indian residents and Non-Residential Indians (NRIs) are eligible to open a fixed deposit account with Axis Bank.
Documents Required
These are the documents required to apply for Axis Bank Fixed Deposit:
- Proof of identity: PAN card, Aadhaar card, Voter ID, passport, or driving license.
- Proof of address: Aadhaar card, Voter ID, passport, driving license, or utility bill (not more than 2 months old).
- Proof of income: Salary slips, Form 16, or bank statement for the last 6 months.
- PAN card: PAN card is mandatory for tax-saving fixed deposits and for deposits of Rs. 50,000 or more.
- For NRIs, the required documents may vary depending on the type of fixed deposit and the country of residency. NRIs may have to provide additional documents such as proof of NRI status, passport, and overseas address proof
How To Apply for Axis Bank Fixed Deposit?
Axis Bank allows its users to create fixed deposits in multiple convenient ways such as online, mobile, or by visiting the nearest Axis Bank branch. Check out each process in detail below:
Open Axis Bank FD Online Through Netbanking
If you have an account with Axis Bank and are registered for internet banking, you can easily open a fixed deposit (FD) online through net banking. Here are the steps you can follow:
- Log in to your Axis Bank net banking account using your user ID and password.
- On the main dashboard, click on the ‘Deposits’ option and select ‘Fixed Deposit’ from the dropdown menu.
- Select the account from which you want to make the deposit and the FD amount you wish to invest.
- Choose the tenure of the FD and the type of FD scheme that you want to opt for, such as a regular FD or a tax saver FD.
- Once you have entered all the required details, verify the information and click on the ‘Confirm’ button to initiate the FD account opening process.
- Finally, review the details of the FD account and click on ‘Confirm’ to complete the process.
- After the successful completion of the above steps, your Axis Bank fixed deposit account will be opened online and you can start earning interest on your investment.
- You will receive a digital receipt instantly to your registered email.
Open Axis Bank FD Through Mobile Banking
If you want to open fixed deposit account using mobile banking, you can follow the below steps:
- Open the Axis bank app and login to Mobile Banking and select the deposit option.
- Now select the Open FD option from the list.
- Choose the account from which you want to create FD.
- Fill in the necessary details and confirm.
- On confirmation, the Fixed Deposit will be created and a web receipt will be generated and sent to your registered mail.
Open Axis Fixed Deposit Offline by Visiting Nearest Branch
- To open an Axis Bank fixed deposit (FD) account offline, you can visit the nearest Axis Bank branch and follow the steps below:
- Carry the required documents such as identity proof, address proof and passport size photograph with you.
- At the branch, fill out the fixed deposit account opening form with your personal and account details such as your name, address, contact number, deposit amount and FD tenure.
- Choose the type of FD scheme that you want to opt for, such as a regular FD or a tax saver FD.
- Submit the filled out form and the necessary documents to the bank executive.
- The executive will verify the documents and process the request for opening the FD account.
- Once the account is opened, the executive will provide you with the FD certificate and the account details.
- Finally, deposit the amount that you wish to invest in the FD account and start earning interest on your investment.
Tax on Axis Bank Fixed Deposit
Interest earned on fixed deposits with Axis Bank is subject to taxes in India, just like any other form of investment. The amount of tax you owe on your fixed deposit depends on a number of factors, including your taxable income and tax slab. For individuals, the interest earned on fixed deposits is added to your taxable income for the financial year and taxed at your applicable tax slab rate. For senior citizens, there is a higher rate of interest offered on fixed deposits, and the interest earned is taxed in the same manner as for individuals.
For companies, the interest earned on fixed deposits is taxed at the corporate tax rate, which is currently 22%. It is important to note that, if you are a non-resident Indian (NRI), the interest earned on your fixed deposit with Axis Bank is subject to taxes in India. The tax rate for NRIs is typically 30%, although a lower rate may apply if there is a tax treaty between India and your country of residence. Make use of Axis Bank Fixed Deposit Calculator to approximately calculate the FD interest and the tax deductions.
Loan Against Axis Bank FD
A loan against fixed deposit (FD) from Axis Bank allows you to borrow against the security of your fixed deposit account with the bank. This means that you can use your fixed deposit as collateral to secure a loan, without having to break the deposit or liquidate your savings.
Here’s how it works:
- You have an FD account with Axis Bank with a minimum deposit of Rs. 25,000.
- You can apply for a loan against your FD account by visiting the nearest Axis Bank branch or through their online banking platform.
- The loan amount offered will be based on the value of your fixed deposit and your creditworthiness. Typically, you can get up to 85% of the deposit amount as a loan.
- The interest rate on the loan will be lower than a personal loan, as the loan is secured against your FD.
- Repayment of the loan and interest is made in equal monthly installments over the loan tenor.
- Your fixed deposit continues to earn interest during the loan period and is returned to you at the maturity of the deposit.
It’s important to keep in mind that taking a loan against your fixed deposit will reduce the returns you earn from the deposit and may also attract additional charges and fees. So, it’s recommended to carefully evaluate your financial needs and ensure that taking a loan against your FD is the best option for you.
Features of Loan Against Axis Bank FD:
- Quick and easy loan disbursal.
- Attractive interest rates.
- No need for extensive documentation.
- Flexible repayment options.
- The fixed deposit continues to earn interest, providing a dual benefit of a loan and savings.
Premature Closure of Axis Bank Fixed Deposit
Premature closure of a fixed deposit refers to the process of closing the deposit account before the maturity date. If you have a fixed deposit with Axis Bank, you have the option to close it prematurely if you need access to the funds for an urgent requirement. The Axis Bank FD Interest Rates 2023 Calculator will assist you in calculating the amount you will get after premature closure of the fixed deposit.
Here’s how you can close your fixed deposit prematurely:
- Visit the nearest Axis Bank branch.
- Submit a request for premature closure of the fixed deposit.
- Provide your fixed deposit details, such as the account number, deposit amount, and maturity date.
- The bank will verify your identity and the details of the fixed deposit.
- Once the request is processed, the bank will pay you the amount, along with the applicable interest for the period for which the deposit was held with the bank.
It’s important to note that premature closure of a fixed deposit may attract a penalty. The penalty amount for Axis Bank is 1.0% of the deposit amount and is applicable if the deposit is closed before the stipulated time period. Nevertheless, if only a partial amount (say up to 25%) is withdrawn, the bank shall levie the penalty.
FAQs on Axis Bank FD Rates
Check out some frequently asked questions and doubts customers have on Axix bank FD rates and its relevant information.
How to open a fixed deposit account in Axis bank?
There are three ways to open a fixed deposit account in Axis Bank. You can use netbanking, mobile banking, or by visiting the branch in person.
How to close fixed deposit in Axis bank online?
Closing a fixed deposit account online with Axis Bank is a convenient process. You can log in to your internet banking account and go to the “Fixed Deposit” section and select “Fixed Deposit Closure”. Enter the account number and deposit amount and submit. The bank will process the request and credit the maturity amount, along with the applicable interest, to your savings account linked with the fixed deposit.
How to stop auto renewal of FD in Axis bank?
You can stop the auto-renewal of a fixed deposit through an offline or internet banking portal. If you choose to close using online, log in to your internet banking account and click on the “Fixed Deposit” tab and select “Fixed Deposit Closure” from the drop-down menu. Enter the details of the fixed deposit account for which you want to stop the auto-renewal and submit.
How many years FD will double in Axis bank?
The number of years it takes for a fixed deposit to double in Axis Bank can be calculated using the formula, T = 72 / r, where T is the time in years for the investment to double, and r is the rate of return in percentage. For instance, if Axis bank offers 6% interest rate, it will take approximately 12 years for the deposit to double (72 / 6 = 12).
Which is better FD or RD in Axis bank?
Whether a fixed deposit (FD) or a recurring deposit (RD) is better for you in Axis Bank depends on several factors, including your financial goals, investment horizon, and risk tolerance. If you are looking for a safe investment option along with higher return on investments you can go for FD.
How to check FD status in Axis bank?
You can check the status of your fixed deposit (FD) in Axis Bank through online banking, mobile banking, customer service, and also by visiting the nearest branch.
How to renew Axis bank FD online?
You can renew your fixed deposit (FD) with Axis Bank online by logging into the internet banking account. You can go to the “Fixed Deposit” section and select “Renew Fixed Deposit.” Here, enter the amount and tenure for renewal and submit.
What is Axis bank express FD?
Axis Bank Express FD is a type of fixed deposit offered by Axis Bank. It is a short-term fixed deposit product with a flexible tenure and attractive interest rates. The main feature of Axis Bank Express FD is that it can be opened and operated entirely through the bank’s internet banking platform, making it a convenient option for customers who prefer online banking.
Can I get credit card against FD in Axis bank?
Yes. Axis bank allows its customers to get a credit card against FD. The FD amount is considered as collateral in this case and the credit card limit is decided by the FD amount in your account. Axis bank offers up to 80% as the credit limit on the FD amount.
Conclusion
To summarize, Axis Bank provides a wide range of fixed deposit (FD) options for its customers, with competitive interest rates and flexible tenure options. With a minimum deposit amount of just Rs. 5,000, customers can invest in an Axis Bank FD for a period of 7 days to 10 years. The bank also offers additional benefits like the option to take loans against the FD amount, and special schemes like the Axis Bank Express FD, which provides instant account opening and higher interest rates. Check out various bank FD interest rates here at Moneycompass.Net.