Axis Bank FD Interest Rates
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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Expected Rate of Return
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Invested Amount
₹ 10,000
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About Axis Bank
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.
Axis Bank Key Information
Axis Bank FD Rates 2025 (Deposits Less Than ₹5 Crores)
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
Axis Bank FD Interest Rates (Deposits ₹5 Crore and Above)
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
Features and Benefits of Axis Bank Fixed Deposit
- Axis Bank offers a wide range of fixed deposit options to suit various needs
- The minimum deposit amount required to open an FD is just ₹5,000
- Senior citizens enjoy higher interest rates than regular customers
- Competitive interest rates are available even on short-term deposits
- Booking a fixed deposit with Axis Bank is quick and hassle-free
- Loans of up to 90% of the FD amount can be availed
- Nomination facility is provided for added convenience and security
- Axis Bank FDs offer flexible tenures, making them ideal for all types of savers
Types of Axis Bank FD Schemes
Regular Fixed Deposit
- Offers higher interest than savings accounts for tenures of 7 days to 10 years
- Interest payout can be monthly, quarterly, half-yearly, or annually
- Premature withdrawal allowed with a penalty on interest earned
- Loans and overdraft facilities can be availed against this FD
- Acts as a good shield against inflation with steady returns
Tax Saver Fixed Deposit
- Comes with a lock-in period of 5 years and no early withdrawal
- Eligible for tax deduction up to ₹1.5 lakh under Section 80C
- Interest earned is taxable and paid out as per bank terms
- No loans or overdraft facilities allowed against this FD
- Suitable for those looking to save tax and earn stable returns
Digital Fixed Deposit
- The entire process is online, including KYC, funding, and booking
- Can be opened by both Axis and non-Axis customers with PAN and Aadhaar
- No branch visit or paperwork required for account opening
- Quick, convenient option to invest digitally from any bank account
Reinvestment Fixed Deposit
- Interest is reinvested, not paid periodically
- Principal plus interest is paid in full at maturity
- Can be suitable for investors seeking compounding benefits over time
- Maximises returns through reinvestment of interest
Senior Citizen Fixed Deposit
- Exclusively for individuals above 60 years of age
- Offers 0.75% higher interest than regular fixed deposits
- Tenure ranges from 7 days to 10 years
- Prioritises capital safety along with attractive returns
Fixed Deposit Plus
- Designed for high-value investors with larger deposit amounts
- Offers better interest rates than standard fixed deposits
- Option to choose between simple and compound interest
- Premature closure is not allowed in this type of FD
Auto Fixed Deposit
- Combines savings account flexibility with FD interest benefits
- Amount above a set limit in savings is auto transferred to FD
- FD is auto broken to maintain savings account balance when needed
- Can be suitable for earning more while keeping funds accessible
Term-wise Axis Bank Fixed Deposit Rates
Short-Term Fixed Deposits
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.
Medium-Term Fixed Deposits
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.
Long-Term Fixed Deposits
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.
Axis vs Other Banks' FD Rates
| 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
How to Invest in an Axis Bank Fixed Deposit?
Online Method – Through Internet Banking
Customers can easily open an FD account via Axis Bank’s internet banking platform by following these steps:
- Log in to the Axis Bank Internet Banking account
- Navigate to the ‘Deposit’ section and click on ‘Create Fixed Deposit’
- Enter all required details including deposit amount, tenure, and nominee information
- Confirm the details to initiate the process. The amount will be debited from the linked savings account.
- A web receipt will be generated instantly after confirmation
- FD advice will be sent to the registered email ID or communication address
- The FD advice can also be downloaded via internet banking after one working day
Offline Method – By Visiting a Branch
For those who prefer traditional banking, the FD account can be opened offline with the following steps:
- Visit the nearest Axis Bank branch
- Collect and fill out the Axis Bank FD application form
- Submit the form along with valid identity and address proof documents
- Deposit the desired amount to open the FD
- Upon successful processing, the bank will issue an FD receipt as proof of investment
Eligibility for Opening an Axis Bank FD Account
Axis Bank allows various individuals and entities to open a fixed deposit account, provided they meet the eligibility norms. The following categories are eligible:
- Resident individuals, including minors
- Senior citizens and super senior citizens
- Hindu Undivided Families (HUFs)
- Sole proprietors, partnership firms, and companies
- Registered trusts
Documents Required to Open Axis Bank FD Account
To open an FD account with Axis Bank, applicants must provide valid KYC documents. These include:
- Identity proof such as Aadhaar card, Voter ID, or Driving Licence
- PAN card as per the regulations of the Income Tax Department
- Address proof, which can be a passport or utility bills like electricity or water bills
Tax on Axis Bank Fixed Deposit
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:
- For regular citizens: Rates can range from approximately 6.50% to 7.00% per annum.
- For senior citizens: Preferential rates are offered, typically 0.50% to 0.75% higher than regular rates, ranging from approximately 7.25% to 7.75% per annum.
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.
Premature Closure of Axis Bank Fixed Deposit
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.
FAQs
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