• Investment
  • Car
  • Bike
  • Taxi
  • Term Life
  • Health
  • Travel

Axis Bank Recurring Deposit Rates

Axis Bank offers excellent RD options for investment. An RD helps you save small amounts on a regular basis through systematic deposits. These deposits earn an interest over a predefined tenure which is withdrawn upon maturity.

Axis Bank Recurring Deposit Interest Rates

Note: The RD rates have been sourced from the official website of Axis Bank. Please note that Interest Rates are subject to change, without notice, as per the market trends and the bank’s decision in this regard is final.

Investment periodRD rates for regular depositRD rates for Senior Citizens
7 days to 29 days3.50%3.50%
30 days to 45 days5.50%5.50%
46 days to 89 days6.25%6.25%
90 days to 119 days6.25%6.25%
4 months to 179 days6.25%6.25%
6 months to 8 months 29 days6.75%7.00%
9 months to 364 days7.10%7.35%
13 months to 13 months 29 days7.35% 8.00%
14 months to 16 months 29 days7.30%7.95%
17 months to 17 months 29 days7.30%7.95%

Axis Bank NRE Recurring Deposit Interest Rates

Investment PeriodDeposits < ₹2 CroreDeposits between ₹2 Crore to ₹5 Crores
1 year and 1 year 5 days7.30%7.50%
1 year 5 days and 1 year 11 days7.30%7.75%
1 year 11 days 13 months7.30%7.50%
13-14 months7.35%7.70%
14-15 months7.30%7.50%
15-16 months7.30%7.50%
16-17 months7.30%7.50%
17-18 months7.30%7.75%
18 months to 2 years7.30%7.50%
2 years to 30 months7.50%7.50%
30 months and 3 years7.50%7.50%
3-5 years7.25% 7.50%
5-10 years7.25% 7.00%

Axis Bank Senior Citizen Recurring Deposit Rates

Investment PeriodSenior Citizens FD rates (per annum)
7 days to 1 month3.50%
1 month to 3 months6.25%
3 months to 6 months6.25%
6 months to 330 days7.00%
330 days to 1 year7.35%
1 year to 1 year 5 days7.95%
1 year 5 days to 1 year 11 days 7.95%
1 year 11 days to 1 year 1 month7.95%
1 year 1 month to 1 year 2 months7.95%
1 year 2 months to 1 year 5 months8.00%
1 year 5 months to 1 year 6 months7.95%
1 year 6 months to 2 years 6 months7.95%
2 years 6 months to 5 years8.15%
5 years to 10 years7.75%

Note: Senior citizens are eligible to receive 0.50% higher interest on FDs upto ₹5 Crores. Rates may revise anytime on bank’s discretion.

Features of Axis Bank RD Account

Mentioned below are the features of Axis Bank RD Account:

  • You can make a premature withdrawal.
  • You can select the investment tenure. The common tenure is 6 to 120 months.
  • An RD can be opened with a minimum investment of ₹500.
  • It helps you save on a regular basis.
  • Short minimum tenure of 6 months.

Eligibility Criteria for Axis Bank RD Account

It can be opened by a resident individual, HUFs, NRI via NRE/NRO accounts, minor under parental guardianship.

How to apply for Axis Bank RD Account?

If you are an existing savings account holder of Axis Bank, you can easily open an instant RD account via net banking. If you do not have any relationship with the bank, you will have to physically visit the bank branch and open an RD account.

FAQs on Axis Bank Recurring Deposit Rates

What is the interest rate that Axis Bank Recurring Deposit offers on senior citizens RDs?

The interest rate offered by Axis Bank to senior citizens is 0.50% additional to the rates offered to the normal citizens.

Can I make alterations to the tenure of my ongoing Axis Bank Recurring Deposit?

No, you cannot make any alterations to the tenure of your ongoing RD.

What is the highest interest rate that is offered by the Axis Bank Recurring Deposit?

The highest interest rate offered by Axis Bank RD is 7.30% for a tenure of 17 months to 17 months 29 days.

What is the minimum amount required to start Axis Bank Recurring Deposit account?

The minimum amount required to open an RD with Axis Bank is ₹500.

Can I open my Axis Bank Recurring Deposit without a PAN card?

Yes, you can open an RD with any other KYC document. In case you do not have a PAN card, you will be required to fill form 60 at the time of opening a new RD.