A fixed deposit is a savings deposit scheme where you are required to submit a lump sum amount only once with the intention of receiving good returns. The rate of return and time period of investment is pre-defined.
Axis Bank is a good option for investing in a Fixed Deposit.
Axis Bank FD Interest Rates
Axis Bank offers 4 different types of FDs, 2 for domestic and 2 for NRIs. Mentioned below are the different interest rates offered by Axis Bank. Mentioned below are the interest rates for the same.
Interest Rate on Domestic Deposits
Deposits less than Rs. 2 Cr W.E.F. 09/09/2019
Note: Rates may revise anytime on bank’s discretion.
Investment period
FD rates for regular deposit
FD rates for Senior Citizens
7 days to 29 days
3.50%
3.50%
30 days to 45 days
5.50%
5.50%
46 days to 89 days
6.25%
6.25%
90 days to 119 days
6.25%
6.25%
4 months to 179 days
6.25%
6.25%
6 months to 8 months 29 days
6.75%
7.00%
9 months to 364 days
7.10%
7.35%
13 months to 13 months 29 days
7.35%
8.00%
14 months to 16 months 29 days
7.30%
7.95%
17 months to 17 months 29 days
7.30%
7.95%
Interest Rates for Regular FDs Deposits Rs. 5-10 Crores
W.E.F. 09/09/2019
Investment Period
Regular FD rates (per annum)
7 days to 14 days
4.75%
15 days to 29 days
5.00
30 days to 45 days
5.50
46 days to 60 days
5.75
61 days < 3 months
5.75
3 months < 4 months
6.00
4 months < 5 months
6.00
5 months < 6 months
6.00
6 months < 7 months
6.25
7 months < 8 months
6.25
8 months < 9 months
6.25
9 months < 10 months
6.50
10 months < 11 months
6.65
11 months < 1 year
6.65
Axis Bank Short-Term Fixed Deposit Rates
Investment Period
Regular FD rates (per annum)
7 days to 1 year
3.50% to 7.10%
Axis Bank Medium and Long Term Fixed Deposit Rates
Axis Bank Medium-Term Fixed Deposit Rates
Investment Period
Regular FD rates (per annum)
1-5 years
7.30% to 7.25%
Axis Bank Long-Term Fixed Deposit Rates
Investment Period
Regular FD rates (per annum)
5-10 years
7.25% to 7.75%
Axis Bank Senior Citizens FD Interest Rates
Investment Period
Senior Citizens FD rates (per annum)
7 days to 1 month
3.50%
1 month to 3 months
6.25%
3 months to 6 months
6.25%
6 months to 330 days
7.00%
330 days to 1 year
7.35%
1 year to 1 year 5 days
7.95%
1 year 5 days to 1 year 11 days
7.95%
1 year 11 days to 1 year 1 month
7.95%
1 year 1 month to 1 year 2 months
7.95%
1 year 2 months to 1 year 5 months
8.00%
1 year 5 months to 1 year 6 months
7.95%
1 year 6 months to 2 years 6 months
7.95%
3 years to 5 years
8.15%
5 years to 10 years
7.75%
Note: Senior citizens are eligible to receive 0.50% higher interest on FDs upto ₹5 Crores. Rates may revise anytime on bank’s discretion.
Axis Bank NRE Interest Rates
Non-Resident External Deposits NRE - Less than Rs. 2 Cr W.E.F 09/09/2019