Axis Bank Recurring Deposit (RD) Interest Rates 2025

Recurring Deposits (RDs) are perfect for risk-averse investors who prefer saving systematically by investing small amounts over a long period. Axis Bank's recurring deposit is one of the most popular options, offering a reliable way to build your savings.

Learn more about Axis Bank RD interest rates, along with its features, benefits, and how this RD can help you achieve your financial goals with steady returns.

Axis Bank Recurring Deposit Scheme Highlights for 2025

The table below shows the most important details of Axis Bank’s RD scheme:

Axis Bank RD Interest Rate 2025

Axis Bank provides the advantage of competitive interest rates on systematic monthly deposits. The following table shows the Axis RD interest rates for 2025 for deposits of less than Rs. 3 crore:

How to Calculate Axis Bank RD Interest Rate?

The compound interest formula can be used to calculate the maturity value of Axis Bank recurring deposits. The formula is given as follows: 

M = R[(1 + i) ^ n - 1] / {1 - (1 + i)^(-1/3)}

Where 

• M = the amount you will receive on maturity
• R = monthly installments towards your investment
• N = number of quarters in your tenure
• i = rate of interest/400

Once you know the maturity value, you can subtract the principal amount to get the interest value. Here's an example to show how this is calculated:

Suppose Mrs Saxena deposits Rs. 7500 per month over two years (24 months) into an Axis Bank recurring deposit. Given that she is over 60 years of age, her applicable interest rate will be 7.6% p.a.

According to this situation, she will earn a total of Rs. 14,868 from her total investment of Rs. 1,80,000. The final maturity value (principal + interest) will be Rs. 1,94,868.

Instead of going through the hassles of manual calculation, you can use the Axis Bank RD calculator to know the interest amount instantly and accurately.

Features of Axis Bank Recurring Deposits 

Here are the highlights of the features of Axis Bank’s recurring deposits:

• Low Minimum Deposits: You can start a recurring deposit with Axis Bank with an amount as low as Rs. 500 per month and in multiples of Rs. 500 thereafter. On the other hand, there’s no zero maximum deposit limit, allowing you to earn substantial low-risk returns.
• Attractive Interest Rate: Axis Bank offers higher interest rates with longer tenures, allowing you to benefit from the power of compounding. Furthermore, Axis Bank RD interest rates are higher for senior citizens, making them ideal low-risk investments.
• Flexible Tenures: With flexible tenures from 6 months to 10 years, you can start saving in an RD to accomplish short-term or long-term goals. Moreover, you get the option to exit early if you are willing to pay the premature withdrawal penalty.
• Nominal Premature Withdrawal Penalty: As mentioned, Axis Bank offers a minimal penalty equal to just 1% on the agreed-upon rate. Furthermore, there's no penalty on NRE recurring deposits. 
• Penalty on Missed Installments: If you delay your RD instalments, a penalty is applicable. The penalty is equal to Rs. 10 for every Rs. 1000 of the monthly deposit amount for every month of delay. 
• Axis EDGE Rewards: EDGE Rewards is Axis Bank’s loyalty program that allows depositors to earn reward points for a variety of actions, including opening a new deposit, credit card transactions, etc. 

How to Open an Axis Bank RD Account?

Axis Bank offers a variety of channels to open a recurring deposit. You can apply for a new deposit through mobile banking, net banking or by visiting the nearest Axis Bank branch. Here is a detailed breakdown of the process:

Mobile Banking

You can open a recurring account using the Axis Mobile app, which you can download from the Google Play Store or App Store. Here are the steps:

1. Log in to your mobile banking account.
2. Select the ‘Deposit’ option, then go to ‘New Deposit’ and ‘RD’.
3. Enter your chosen tenure, deposit amount, nominee and other details. 
4.  Click on ‘Book FD’ to confirm. The selected instalment amount will be debited from your savings account. 
5. You will get a web receipt of the new RD and a soft copy of ‘Recurring Deposit Advice’ mailed to your email address. 

Net Banking

Another way to open an Axis Bank RD online is through its net banking portal. To use this facility, you need to register for the service and set up a User ID and password. Then, follow these steps: 

1. Login to Axis Bank’s internet banking portal.
2. Select the ‘Deposit’ option and click on ‘Create Recurring Deposit’.
3. Enter the required account and nominee details.
4. Confirm to open a new RD. The amount you have selected will be debited from your savings account.
5. Post creation of a new deposit, you will get a receipt in your email. 

How to Close an Axis Bank RD Account?

You can either wait to receive the entire maturity value at the end of the tenure or pre close your RD if you are willing to bear the premature withdrawal penalty. Here’s how you can pre close your Axis Bank RD:

1. Visit the nearest Axis Bank branch with proof of valid ID. 
2. Fill in the account closure form and submit it with all deposit holders' signatures.  

Eligibility for Opening Axis Bank RD Account

To be eligible to open a recurring deposit from Axis Bank, you must fulfil the following requirements:

• Resident individual or a HUF (Hindu Undivided Family)
• NRIs can open an RD through NRE and NRO accounts
• Minors can open an RD through parents or guardians 

Documents Required for Opening Axis Bank RD Account

Keep the following documents ready when opening a recurring deposit as a new customer:

• Latest passport-size photographs
• Valid identity proof (Aadhaar card, voter ID card, driving licence, passport, etc.)
• Valid address proof (Utility bills, bank statement, voter ID card, etc.)
• Aadhaar card/form 60, a declaration from your HUF's Karta and a joint Hindu family letter signed by all adult holders (for HUF depositors)

Axis Bank RD Premature Withdrawal Rules

In case a depositor wants to make a full or partial withdrawal from a recurring deposit, they must know about the applicable rules:

• For most recurring deposits, a 1% premature withdrawal penalty is applicable to the pre-decided interest rate or the prevailing interest rate at the time of withdrawal, whichever is lower.
• For deposits closed within 14 days, the Axis Bank RD interest rate you will get is the rate applicable for the period or the pre-decided rate, whichever is lower. 
• No premature withdrawal penalty is applicable for NRE term deposits.

Overall, Axis Bank RD interest rates are appealing for individuals looking to save money in a stable and secure manner. To make the most of these returns, ensure you submit all required documents and understand the eligibility criteria for opening an RD account with Axis Bank, so you can enjoy the best returns that suit your financial needs.