Interest Rates
5.75% – 7.00%
Time Period
6 months – 5 years
Min - Max Amount
5,000 - 10,00,000
Compounding
Quarterly
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Axis Bank Limited is one of India’s leading private-sector banks, with its headquarters located in Mumbai, Maharashtra. It is the third-largest private bank in the country. The bank offers an extensive range of financial products and services, catering to individuals, businesses, and corporations.
Its offerings include savings and current accounts, various loan products, credit cards, and investment solutions such as mutual funds, Demat accounts, and equity capital market services. Axis Bank also provides international banking facilities to meet the global financial needs of its clients.
Among its key offerings, Axis Bank provides multiple Fixed Deposit (FD) schemes tailored to suit different customer needs. These fixed deposit plans allow customers to securely invest their savings for a fixed term. The bank offers competitive FD interest rates, helping customers grow their wealth steadily over time.
A minimum deposit amount is required to open an FD account. Once the fixed deposit is created, early withdrawals are generally restricted until the maturity period ends, promoting disciplined savings. In case of premature withdrawal, the bank typically charges a 1% penalty on the applicable interest rate.
Tenure | Regular Rate (p.a.) | Senior Citizen Rate (p.a.) |
7 – 14 days | 3.00% | 3.50% |
15 – 29 days | 3.00% | 3.50% |
30 – 45 days | 3.25% | 3.75% |
46 – 60 days | 4.00% | 4.50% |
61 – 87 days | 4.00% | 4.50% |
88 days – 3 months 24 days | 4.50% | 5.00% |
3 months 25d – < 4 months | 4.25% | 4.75% |
4 months – < 6 months | 5.80% | 6.30% |
6 months – < 9 months | 6.05% | 6.55% |
9 months – < 1 year | 6.15% | 6.65% |
1 year – 1 year 10 days | 6.30% | 6.80% |
1 year 11d – < 13 months | 6.30% | 6.80% |
13 months – < 15 months | 6.30% | 6.80% |
15 months – < 18 months | 6.50% | 7.00% |
18 months – < 2 years | 6.50% | 7.00% |
2 years – < 3 years | 6.50% | 7.00% |
3 years – < 5 years | 6.50% | 7.00% |
5 years – 10 years | 6.50% | 7.25% |
Note: The data is as of July 7, 2025
Tenure | Regular Rate (p.a.) | Senior Citizen Rate (p.a.) |
7 – 14 days | 4.00% | 4.50% |
15 – 29 days | 4.00% | 4.50% |
30 – 45 days | 4.75% – 5.00% | 5.25% – 5.50% |
46 – 60 days | 5.00% – 5.10% | 5.50% – 5.60% |
61 – 87 days | 5.25% – 5.35% | 5.75% – 5.85% |
88 days – 3M 24D | 5.75% – 5.80% | 6.25% – 6.30% |
3M 25D – < 4 months | 4.25% | 4.75% |
4 months – < 6 months | 5.75% – 5.80% | 6.25% – 6.30% |
6 months – < 9 months | 5.90% – 6.05% | 6.40% – 6.55% |
9 months – < 1 year | 6.00% – 6.15% | 6.50% – 6.65% |
1Y – 1Y 10D | 6.15% – 6.30% | 6.65% – 6.80% |
1Y 11D – < 13 months | 6.15% – 6.30% | 6.65% – 6.80% |
13 months – < 15 months | 6.15% – 6.30% | 6.65% – 6.80% |
15 months – < 18 months | 6.15% – 6.40% | 6.65% – 6.90% |
18 months – < 2 years | 6.15% – 6.50% | 6.65% – 7.00% |
2 years – < 3 years | 6.25% – 6.60% | 6.75% – 7.10% |
3 years – < 5 years | 6.35% – 6.60% | 6.85% – 7.10% |
5 years – 10 years | 6.35% – 6.60% | 7.10% – 7.35% |
Note: The data is as of July 7, 2025
These FDs range between 7 days to less than a year, offering interest rates from 3.00% to 6.15% for regular customers and 3.50% to 6.65% for senior citizens. This type of FD can be suitable for short-term savings and quick liquidity.
These FDs range from 1 year to less than 3 years, with interest rates between 6.30% to 6.50% for regular customers and 6.80% to 7.00% for senior citizens. This can be a suitable option for planned expenses over the medium term.
These FDs range from 3 years to 10 years, offering 6.50% for regular customers and up to 7.25% for senior citizens. This can be suitable for long-term wealth creation with stable and assured returns.
| Tenure | Institution Name | Interest Rate (% p.a.) |
|---|---|---|
| 15 months to less than 18 months | 7.25› |
 | 365 days | 7.25› |
 | 15 months to less than 16 months | 8.00› |
 | 444 days | 7.30› |
 | 18 months to less than 21 months | 7.25› |
Note: The data is as of July 7, 2025
Customers can easily open an FD account via Axis Bank’s internet banking platform by following these steps:
For those who prefer traditional banking, the FD account can be opened offline with the following steps:
Axis Bank allows various individuals and entities to open a fixed deposit account, provided they meet the eligibility norms. The following categories are eligible:
To open an FD account with Axis Bank, applicants must provide valid KYC documents. These include:
Axis Bank offers a Tax Saving Fixed Deposit with a mandatory tenure of 5 years. As of July 2025, the interest rates for this specific fixed deposit are competitive:
The bank also provides other fixed deposit options such as FD Plus, Regular Deposit, and Encash 24 Flexi Deposit. These come with various features like online account access, the facility to take out a loan against the FD, and sweep-in facilities to offer greater flexibility and liquidity.
Investors can also claim tax deductions of up to ₹1.5 lakh annually under Section 80C of the Income Tax Act, 1961, by investing in the Tax Saving FD. This deduction helps reduce their taxable income.
Important Note: If an investor has not submitted their PAN details to the bank, the TDS rate increases to 20%, regardless of the interest amount.
Axis Bank generally levies a 1% penalty on interest for premature FD closures, paying interest for the actual held period. No interest is paid if closed within 7 days. Notably, FDs of 2+ years opened post-December 15, 2020, and have no penalty if closed after 15 months.
Digital FDs allow a 25% penalty-free first partial withdrawal. Tax Saving FDs have a strict 5-year lock-in; no premature withdrawal is allowed except for the account holder's demise.
