What is the Axis Bank Fixed Deposit Rate of Interest?
If you want to grow your money safely without worrying about market ups and downs, Axis Bank Fixed Deposit (FD) is a smart option. So, what is the Axis Bank fixed deposit rate of interest? The rates go from 3.00% to 7.20% per year for regular customers and 3.50% to 7.75% per year for senior citizens. The time period can be 7 days to 10 years.
About Axis Bank
Axis Bank is one of India’s biggest private banks. It started in 1993 and is based in Mumbai. The bank offers everything from savings accounts and loans to investments and demat services. It is trusted across India, with top safety ratings like MAAA by ICRA and FAAA by CRISIL.
Axis Bank FD Rate
Here’s a simple table of current FD rates:
| Tenure | Regular Customers | Senior Citizens |
| 7 Days - 14 Days | 3.00% | 3.50% |
| 15 Days - 29 Days | 3.00% | 3.50% |
| 30 Days - 45 Days | 3.50% | 4.00% |
| 46 Days - 60 Days | 4.25% | 4.75% |
| 61 Days < 3 Months | 4.50% | 5.00% |
| 3 Months < 4 Months | 4.75% | 5.25% |
| 4 Months < 5 Months | 4.75% | 5.25% |
| 6 Months < 7 Months | 5.75% | 6.25% |
| 7 Months < 8 Months | 5.75% | 6.25% |
| 8 Months < 9 Months | 5.75% | 6.25% |
| 9 Months < 10 Months | 6.00% | 6.50% |
| 10 Months < 11 Months | 6.00% | 6.50% |
| 11 Months < 11 Months 24 Days | 6.00% | 6.50% |
| 11 Months 25 Days < 1 Year | 6.00% | 6.50% |
| 1 Year< 1 Year 4 Days | 6.70% | 7.20% |
| 1 Year 5 Days < 1 Year 10 Days | 6.70% | 7.20% |
| 1 Year 11 Days < 1 Year 24 Days | 6.70% | 7.20% |
| 1 Year 25 Days < 13 Months | 6.70% | 7.20% |
| 13 Months < 14 Months | 6.70% | 7.20% |
| 14 Months < 15 Months | 6.70% | 7.20% |
| 15 Months < 16 Months | 7.25% | 7.75% |
| 16 Months < 17 Months | 7.25% | 7.75% |
| 17 Months < 18 Months | 7.25% | 7.75% |
| 18 Months < 2 Years | 7.25% | 7.75% |
| 2 Years < 30 Months | 7.10% | 7.60% |
| 30 Months < 3 Years | 7.10% | 7.60% |
| 3 Years < 5 Years | 7.10% | 7.60% |
| 5 Years < 10 Years | 7.00% | 7.75% |
Axis Bank FD Rate Examples
1 year FD:
Regular = 6.70%; Seniors = 7.20%
If you deposit ₹1 lakh, you’ll get about ₹1,06,700 after a year (or ₹1,07,200 if senior).
3 years FD:
Regular = 7.10%; Seniors = 7.60%
₹1 lakh grows to about ₹1,23,000 (or ₹1,25,000 for seniors).
5 years FD:
Regular = 7.00%; Seniors = 7.75%
₹1 lakh becomes around ₹1,40,000 (or ₹1,45,000 for seniors).
Benefits of Axis Bank Fixed Deposit
Here are the benefits of Axis Bank's Fixed Deposit, so let’s have a look at the details below.
- Nomination facility: You can name someone to get the money if something happens to you.
- Easy booking: Open an FD easily through net banking, mobile app, or by visiting a branch.
- Low minimum deposit: Start with just ₹5,000 if booking online.
- Higher rates for seniors: Senior citizens get extra interest compared to others.
- Loan against FD: Get a loan up to 90% of your FD amount if you need money urgently.
- Many FD options: Choose from different FD types and time periods.
- Good short-term rates: Earn decent interest even on short-term FDs.
Axis Bank Fixed Deposit Calculator
You can easily calculate how much interest you’ll earn on your FD using the Axis Bank FD calculator. Just enter:
- The amount you want to deposit.
- The FD tenure (how long you’ll keep it).
- The interest payout option (monthly, quarterly, or at maturity).
Please note that the returns displayed by this FD calculator are for reference purposes only. Actual interest rates and returns may vary depending on the bank's specific terms and conditions. For more accurate calculations, please refer to the exact returns provided by your bank.
Invested Amount
Interest Earned
Maturity Amount
0.00How to Apply for Axis Bank FD?
If you are an existing Axis Bank customer:
- Open your FD online using net banking or the Axis Bank mobile app.
- Or, visit any Axis Bank branch and fill out the FD form.
If you are a new customer:
- Visit an Axis Bank branch to open an FD account.
Minimum deposit amounts:
- Regular FD: ₹500 (at the branch) or ₹5,000 (online).
- Tax Saver FD: ₹100 minimum.
Conclusion
In conclusion, Axis Bank fixed deposits offer a safe and easy way to grow your money. The interest rate ranges from 3% to 7.75%, depending on tenure and age. If you want stable returns without risk, an Axis FD is a reliable choice. Check current rates and use the bank’s FD calculator to plan your savings smartly.
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