Axis Bank provides Fixed Deposit (FD) interest rates ranging from 3.00% to 7.20% per annum for the general public and from 3.50% to 7.85% per annum for senior citizens, with tenures spanning from 7 days to 10 years. Additionally, the bank offers Tax Saving FDs at 7.00% per annum for the general public and at 7.75% per annum for senior citizen depositors for 5-year tenures.
Tenure | FD Rates for Regular Customer (%p.a.) | FD Rates for Senior Citizen (% p.a.) |
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% |
*Interest Rates as of 13 March 2024
The following interest rates apply to Fixed Deposit Schemes that do not have a premature withdrawal facility. Domestic and NRI Customers can open FD account with a deposit of less than 2 crore.
Tenure | Interest Rates (p.a.) Non-Callable |
30 days to 45 days | 5.50% |
46 days to 60 days | 5.75% |
61 days to less than 3 months | 6.00% |
3 months to 3 months 24 days | 7.00% |
3 months 25 days to less than 4 months | 7.00% |
4 months to less than 5 months | 7.00% |
5 months to less than 6 months | 7.00% |
6 months to less than 7 months | 7.25% |
7 months to less than 8 months | 7.25% |
8 months to less than 9 months | 7.25% |
9 months to less than 10 months | 7.35% |
10 months to less than 11 months | 7.35% |
11 months to 11 months 24 days | 7.35% |
11 months 25 days to less than 1 year | 7.35% |
1 year to 1 year 4 days | 7.75% |
1 year 5 days to 1 year 10 days | 7.75% |
1 year 11 days to 1 year 24 days | 7.55% |
1 year 25 days to less than 13 months | 7.55% |
13 months to less than 14 months | 7.55% |
14 months to less than 15 months | 7.55% |
15 months to less than 16 months | 7.45% |
16 months to less than 17 months | 7.45% |
17 months to less than 18 months | 7.45% |
18 months to less than 2 years | 7.45% |
2 years to less than 30 months | 7.20% |
30 months to less than 3 years | 7.20% |
3 years to less than 5 years | 7.20% |
5 years to 10 years | 7.20% |
*Interest Rates as of 13 March 2024
1. Regular Fixed Deposit
2. Digital Fixed Deposit
3. Axis Auto Fixed FD
4. Axis Tax Saver FD
5. Fixed Deposit Plus
Individuals, HUFs, and Sole-Proprietorship Firms
Trusts
Associations/Clubs
Partnership Firms
Axis Bank offers a Tax Saver Fixed Deposit scheme so that you can earn attractive interest rates, as well as get income tax benefits under Section 80C of the Income Tax Act,1961, at the same time. Make a minimum investment of Rs.100 up to Rs.1.5 lakh. You can choose to reinvest the interest accrued, get a quarterly payout, or monthly payout. Resident individuals and HUFs can get the benefits of the scheme. The account comes with a minimum lock-in period of five years.
The income tax will be deducted at source (TDS) according to the income tax rules prevalent from time to time. Suppose the total interest income from all fixed deposit and recurring deposit accounts exceeds Rs.40,000 (Rs.50,000 for senior citizens) per financial year. In that case, the tax will be deducted from the existing FD accounts at the time of interest application. This is done as per Section 194 A 3(i)(a) or Section 195 of the Income Tax Act.
Use our FD calculator to figure out the returns you can expect based on the deposit you are willing to make.
Axis Bank offers varying FD interest rates for general public and senior citizens with tenures from 7 days to 10 years. Additional Tax Saving FDs are available. Various FD schemes including Regular, Digital, Auto, Tax Saver, and Fixed Deposit Plus are offered with different features. Tax benefits under Section 80C of the Income Tax Act are provided. Documentation and eligibility criteria are outlined.