Axis Bank is known for many reasons; handsome interest rates offered on Fixed deposit is one of them. They offer a 3.5% to 7% interest rate for the general public and 3.5% to 7.75% per annum for senior citizens. Further, the period for Axis Bank fixed deposit rates starts from a minimum of 7 days and ends in 10 years.
Table of contents
- Axis Bank FD Rates For General Citizens in 2024
- Axis Bank Fixed Deposit Rates For Senior Citizens in 2024
- Tax Saving FD Interest Rates in Axis Bank
- Benefits of Owning Fixed Deposits in Axis Bank
- Eligibility Criteria for Opening Fixed Deposit Account in Axis Bank
- Documents Requirement for Opening Fixed Deposit Account in Axis Bank
- Fixed Deposit Schemes Offered by Axis Bank
- FAQ’s:-
Axis Bank FD Rates For General Citizens in 2024
Here are the interest rates offered on fixed deposits for general citizens. You can see the domestic rates for fixed deposits for amounts less than Rs 5 crore.
| INTEREST RATES (% Per Annum) 2024 | |||||
| Term | Rs. 2 crore < Rs.2.30 crores | Rs. 2.30 crores < Rs.2.40 crores | Rs. 2.40 crores < Rs.4.91 crores | Rs. 4.91 crores < Rs. 4.92 crores | Rs. 4.92 crores < Rs. 5 crores |
| 7 days to 14 days | 4.8 | 4.75 | 4.8 | 4.75 | 4.8 |
| 15 days to 29 days | 5 | 4.75 | 5 | 4.75 | 5 |
| 30 days to 45 days | 5.5 | 4.75 | 5.5 | 4.75 | 5.5 |
| 46 days to 60 days | 6.25 | 4.75 | 6.25 | 4.75 | 6.25 |
| 61 days < 3 months | 6.25 | 4.75 | 6.25 | 4.75 | 6.25 |
| 3 months < 4 months | 6.5 | 4.75 | 6.5 | 4.75 | 6.5 |
| 4 months < 5 months | 6.5 | 4.75 | 6.5 | 4.75 | 6.5 |
| 5 months < 6 months | 6.5 | 4.75 | 6.5 | 4.75 | 6.5 |
| 6 months < 7 months | 6.65 | 4.75 | 6.65 | 4.75 | 6.65 |
| 7 months < 8 months | 6.65 | 4.75 | 6.65 | 4.75 | 6.65 |
| 8 months < 9 months | 6.65 | 4.75 | 6.65 | 4.75 | 6.65 |
| 9 months < 10 months | 6.75 | 5 | 6.75 | 5 | 6.75 |
| 10 months < 11 months | 6.75 | 5 | 6.75 | 5 | 6.75 |
| 11 months to 11 months 24 days | 6.75 | 5 | 6.75 | 5 | 6.75 |
| 11 months 25 days < 1 year | 6.75 | 5 | 6.75 | 5 | 6.75 |
| 1 year to 1 year 4 days | 7.25 | 5 | 7.25 | 5 | 7.25 |
| 1 year 5 days to 1 year 10 days | 7.25 | 5 | 7.25 | 5 | 7.25 |
| 1 year 11 days to 1 year 24 days | 7.25 | 5 | 7.25 | 5 | 7.25 |
| 1 year 25 days < 13 months | 7.25 | 5 | 7.25 | 5 | 7.25 |
| 13 months < 14 months | 7.25 | 5 | 7.25 | 5 | 7.25 |
| 14 months < 15 months | 7.25 | 5 | 7.25 | 5 | 7.25 |
| 15 months < 16 months | 7.15 | 5 | 7.15 | 5 | 7.15 |
| 16 months < 17 months | 7.15 | 5 | 7.15 | 5 | 7.15 |
| 17 months < 18 months | 7.15 | 5 | 7.15 | 5 | 7.15 |
| 18 Months < 2 years | 7.15 | 5 | 7.15 | 5 | 7.15 |
| 2 years < 30 months | 7 | 5 | 7 | 5 | 7 |
| 30 months < 3 years | 7 | 5 | 7 | 5 | 7 |
| 3 years < 5 years | 7 | 5 | 7 | 5 | 7 |
| 5 years to 10 years | 7 | 5 | 7 | 5 | 7 |
Axis Bank Fixed Deposit Rates For Senior Citizens in 2024
Here are the Axis Bank FD rates for senior citizens. These are the domestic rates for fixed deposits with an amount less than Rs 5 crore.
| INTEREST RATES (% Per Annum) 2023 | |||||
| Term | Rs. 2 crores < Rs.2.30 crores | Rs. 2.30 crores < Rs.2.40 crores | Rs. 2.40 crores < Rs.4.91 crores | Rs. 4.91 crores < Rs. 4.92 crores | Rs. 4.92 crores < Rs. 5 crores |
| 7 days to 14 days | 4.8 | 4.75 | 4.8 | 4.75 | 4.8 |
| 15 days to 29 days | 5 | 4.75 | 5 | 4.75 | 5 |
| 30 days to 45 days | 5.5 | 4.75 | 5.5 | 4.75 | 5.5 |
| 46 days to 60 days | 6.25 | 4.75 | 6.25 | 4.75 | 6.25 |
| 61 days < 3 months | 6.25 | 4.75 | 6.25 | 4.75 | 6.25 |
| 3 months < 4 months | 6.5 | 4.75 | 6.5 | 4.75 | 6.5 |
| 4 months < 5 months | 6.5 | 4.75 | 6.5 | 4.75 | 6.5 |
| 5 months < 6 months | 6.5 | 4.75 | 6.5 | 4.75 | 6.5 |
| 6 months < 7 months | 6.9 | 5 | 6.9 | 5 | 6.9 |
| 7 months < 8 months | 6.9 | 5 | 6.9 | 5 | 6.9 |
| 8 months < 9 months | 6.9 | 5 | 6.9 | 5 | 6.9 |
| 9 months < 10 months | 7 | 5.25 | 7 | 5.25 | 7 |
| 10 months < 11 months | 7 | 5.25 | 7 | 5.25 | 7 |
| 11 months to 11 months 24 days | 7 | 5.25 | 7 | 5.25 | 7 |
| 11 months 25 days < 1 year | 7 | 5.25 | 7 | 5.25 | 7 |
| 1 year to 1 year 4 days | 8 | 5.75 | 8 | 5.75 | 8 |
| 1 year 5 days to 1 year 10 days | 8 | 5.75 | 8 | 5.75 | 8 |
| 1 year 11 days to 1 year 24 days | 8 | 5.75 | 8 | 5.75 | 8 |
| 1 year 25 days < 13 months | 8 | 5.75 | 8 | 5.75 | 8 |
| 13 months < 14 months | 8 | 5.75 | 8 | 5.75 | 8 |
| 14 months < 15 months | 8 | 5.75 | 8 | 5.75 | 8 |
| 15 months < 16 months | 7.9 | 5.75 | 7.9 | 5.75 | 7.9 |
| 16 months < 17 months | 7.9 | 5.75 | 7.9 | 5.75 | 7.9 |
| 17 months < 18 months | 7.9 | 5.75 | 7.9 | 5.75 | 7.9 |
| 18 Months < 2 years | 7.9 | 5.75 | 7.9 | 5.75 | 7.9 |
| 2 years < 30 months | 7.75 | 5.75 | 7.75 | 5.75 | 7.75 |
| 30 months < 3 years | 7.75 | 5.75 | 7.75 | 5.75 | 7.75 |
| 3 years < 5 years | 7.75 | 5.75 | 7.75 | 5.75 | 7.75 |
| 5 years to 10 years | 7.75 | 5.75 | 7.75 | 5.75 | 7.75 |
Tax Saving FD Interest Rates in Axis Bank
Axis Bank also offers a tax-saving fixed deposit with an attractive interest rate that varies depending upon the time period.
With Axis Bank Tax Saver Deposits, you may earn competitive interest rates on large payments up to Rs. 1.5 lakh while also reducing your tax liability. Senior citizens receive a 0.50% higher interest rate than other people. This scheme’s distinguishing characteristic is that you can choose between a monthly, quarterly, and reinvestment deposit for your interest payments. Axis Bank’s fixed deposit rates are on par with industry averages for fixed deposits and are extremely competitive.
| Term | Domestic Fixed Rate p.a. | Senior Citizen Fixed Rate p.a. |
| 5 years | 7.00% | 7.75% |
Axis Bank NRE FD Rates 2024
You can see the variable interest rate levied on Axis Bank FD rates on NRE accounts.
| NRE INTEREST RATES 2023 (% P.A.) Less than 5 crores | ||||||
| Term | Below Rs. 2 crores | Rs. 2 crores < Rs.2.30 crores | Rs. 2.30 crores < Rs.2.40 crores | Rs. 2.40 crores < Rs.4.91 crores | Rs. 4.91 crores < Rs. 4.92 crores | Rs. 4.92 crores < Rs. 5 crores |
| 1 year to 1 year 4 days | 6.8 | 7.25 | 5 | 7.25 | 5 | 7.25 |
| 1 year 5 days to 1 year 10 days | 6.8 | 7.25 | 5 | 7.25 | 5 | 7.25 |
| 1 year 11 days to 1 year 24 days | 6.8 | 7.25 | 5 | 7.25 | 5 | 7.25 |
| 1 year 25 days < 13 months | 7.1 | 7.25 | 5 | 7.25 | 5 | 7.25 |
| 13 months < 14 months | 7.15 | 7.25 | 5 | 7.25 | 5 | 7.25 |
| 14 months < 15 months | 7.15 | 7.25 | 5 | 7.25 | 5 | 7.25 |
| 15 months < 16 months | 7.15 | 7.15 | 5 | 7.15 | 5 | 7.15 |
| 16 months < 17 months | 7.15 | 7.15 | 5 | 7.15 | 5 | 7.15 |
| 17 months < 18 months | 7.15 | 7.15 | 5 | 7.15 | 5 | 7.15 |
| 18 Months < 2 years | 7.15 | 7.15 | 5 | 7.15 | 5 | 7.15 |
| 2 years < 30 months | 7.2 | 7 | 5 | 7 | 5 | 7 |
| 30 months < 3 years | 7 | 7 | 5 | 7 | 5 | 7 |
| 3 years < 5 years | 7 | 7 | 5 | 7 | 5 | 7 |
| 5 years to 10 years | 7 | 7 | 5 | 7 | 5 | 7 |
Axis Bank NRO FD Rates (Less than Rs 5 crore) in 2024
Here are the Axis Bank FD rates in NRO accounts for less than Rs 5 crore.
| Tenure | NRO INTEREST RATES (% P.A.) | |||||
| Below Rs. 2 crores | Rs. 2 crores < Rs.2.30 crores | Rs. 2.30 crores < Rs.2.40 crores | Rs. 2.40 crores < Rs.4.91 crores | Rs. 4.91 crores < Rs. 4.92 crores | Rs. 4.92 crores < Rs. 5 crores | |
| 7 days to 14 days | 3.5 | 4.8 | 4.75 | 4.8 | 4.75 | 4.8 |
| 15 days to 29 days | 3.5 | 5 | 4.75 | 5 | 4.75 | 5 |
| 30 days to 45 days | 3.5 | 5.5 | 4.75 | 5.5 | 4.75 | 5.5 |
| 46 days to 60 days | 4 | 6 | 4.75 | 6 | 4.75 | 6 |
| 61 days < 3 months | 4.5 | 6.25 | 4.75 | 6.25 | 4.75 | 6.25 |
| 3 months < 4 months | 4.75 | 6.5 | 4.75 | 6.5 | 4.75 | 6.5 |
| 4 months < 5 months | 4.75 | 6.5 | 4.75 | 6.5 | 4.75 | 6.5 |
| 5 months < 6 months | 4.75 | 6.5 | 4.75 | 6.5 | 4.75 | 6.5 |
| 6 months < 7 months | 5.75 | 6.65 | 4.75 | 6.65 | 4.75 | 6.65 |
| 7 months < 8 months | 5.75 | 6.65 | 4.75 | 6.65 | 4.75 | 6.65 |
| 8 months < 9 months | 5.75 | 6.65 | 4.75 | 6.65 | 4.75 | 6.65 |
| 9 months < 10 months | 6 | 6.75 | 5 | 6.75 | 5 | 6.75 |
| 10 months < 11 months | 6 | 6.75 | 5 | 6.75 | 5 | 6.75 |
| 11 months to 11 months 24 days | 6 | 6.75 | 5 | 6.75 | 5 | 6.75 |
| 11 months 25 days < 1 year | 6 | 6.75 | 5 | 6.75 | 5 | 6.75 |
| 1 year to 1 year 4 days | 6.8 | 7.25 | 5 | 7.25 | 5 | 7.25 |
| 1 year 5 days to 1 year 10 days | 6.8 | 7.25 | 5 | 7.25 | 5 | 7.25 |
| 1 year 11 days to 1 year 24 days | 6.8 | 7.25 | 5 | 7.25 | 5 | 7.25 |
| 1 year 25 days < 13 months | 7.1 | 7.25 | 5 | 7.25 | 5 | 7.25 |
| 13 months < 14 months | 7.15 | 7.25 | 5 | 7.25 | 5 | 7.25 |
| 14 months < 15 months | 7.15 | 7.25 | 5 | 7.25 | 5 | 7.25 |
| 15 months < 16 months | 7.15 | 7.15 | 5 | 7.15 | 5 | 7.15 |
| 16 months < 17 months | 7.15 | 7.15 | 5 | 7.15 | 5 | 7.15 |
| 17 months < 18 months | 7.15 | 7.15 | 5 | 7.15 | 5 | 7.15 |
| 18 Months < 2 years | 7.15 | 7.15 | 5 | 7.15 | 5 | 7.15 |
| 2 years < 30 months | 7.2 | 7 | 5 | 7 | 5 | 7 |
| 30 months < 3 years | 7 | 7 | 5 | 7 | 5 | 7 |
| 3 years < 5 years | 7 | 7 | 5 | 7 | 5 | 7 |
| 5 years to 10 years | 7 | 7 | 5 | 7 | 5 | 7 |
FCNR Fixed Deposit Rates Offered by Axis Bank
FCNR stands for Foreign Currency Non-Resident Account. In this kind of FD account, NRIs deposit their overseas income. For NRIs, Axis Bank fixed deposit rates are feasible and affordable.
| FCNR FD INTEREST RATES (% P.A.) 2024 | |||||||
| Term | USD | GBP | EURO | AUD | CAD | JPY | |
| Below 1 million | 1 million & above | ||||||
| 1 year to less than 2 years | 5.25% | 5.25% | 4.00% | 2.90% | 3.70% | 4.20% | 0.01% |
| 2 years to less than 3 years | 4.50% | 4.50% | 3.75% | 0.01% | 3.75% | 3.50% | 0.01% |
| 3 years to less than 4 years | 4.20% | 4.20% | 2.45% | 0.01% | 3.80% | 3.45% | 0.01% |
| 4 years to less than 5 years | 3.85% | 3.85% | 2.45% | 0.01% | 4.00% | 3.35% | 0.01% |
| For 5 years only | 3.80% | 3.80% | 2.45% | 0.01% | 4.05% | 3.30% | 0.01% |
Benefits of Owning Fixed Deposits in Axis Bank
There are several benefits of owning Axis Bank fixed deposit account. They are as follows:
- Axis Bank fixed deposit rates are attractive.
- Open an FD account using a mobile app with a minimum balance of Rs 5000.
- Open an FD account by visiting the Axis Bank branch near you. The minimum balance will be Rs 10,000.
- The tenure of the Fixed Deposit lies between the time period of 7 days and 10 years.
- The complete procedure of opening an FD account is hassle-free and easy.
Eligibility Criteria for Opening Fixed Deposit Account in Axis Bank
Below-mentioned individuals and entities can apply for the opening of fixed deposit accounts in Axis Bank:
- Sole Proprietorship Firms
- Partnership Firms
- Limited Companies
- Trust Accounts
- Hindu Undivided Families
- Residents
Documents Requirement for Opening Fixed Deposit Account in Axis Bank
Here is the table representing the document requirements for different types of applicants.
| Type of Applicant | Documents Requirement |
| Sole Proprietorships or Hindu Undivided Families or Individuals | PhotographDriving license or PR PassportIntroduction of an account holder for the last six months |
| Firms in Partnership | Photograph of Individuals (who operate the account)Permission of opening the account from PartnersDeed of Partnership |
| Trusts | Photograph of individuals (who operate the account Certificate of registration A copy of the resolution permitting to operate the account from the Trust deed |
| Associations or Clubs | Photograph of individuals (who operate the account) A copy of the resolution allows the member to operate the accountAssociation Bye-Laws |
Fixed Deposit Schemes Offered by Axis Bank
Axis Bank offers five types of Fixed Deposits. They are as follows:-
- Regular FD
- Express FD
- Fixed Deposit Plus
- Auto Fixed Deposit
- Tax Saver Fixed Deposit
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FAQ’s:-
Q1. In Axis Bank, what is the fixed deposit interest rate?
Ans: Axis Bank offers FD rates to the general public of 3.5–7.2% per annum and senior citizens of 3.5–7.95% per annum for tenures ranging from seven days to ten years.
Q2. What are the current FD rates of Axis Bank?
Ans: The current FD rates are 3.5% to 7% for the general public and 3.5% to 7.75% for senior citizens.
Q3. What is the interest of Rs 1 lakh in Axis Bank?
Ans: The interest rate on an FD of Rs 1 lakh in Axis Bank depends on the tenure of the deposit. For example, if a person decides to put Rs. 1 lakh in an FD plus deposit with a 2-year term and an interest rate of 7.35%, they will receive Rs. 1,15,681 at maturity total return of Rs. 15,681.
Q4. Is Axis Bank safe for opening an FD account?
Ans: Yes, Axis Bank is a reliable and safe bank for opening an FD account.
Q5. Is Axis Bank providing any credit cards against fixed deposits now?
Ans: Yes, Axis Bank provides credit cards against fixed deposits now.
Q6. Can an FD of Rs 5000 as a minimum balance be opened in Axis Bank?
Ans: If you open your FD account online in Axis Bank, Rs. 5,000 is the minimum limit. However, if you visit the bank branch to open an FD, the minimum limit is Rs 10,000.
Q7. Can I withdraw interest money from my fixed deposit account monthly?
Ans: If you choose periodic payouts and the monthly-based frequency, then you can withdraw interest from your fixed deposit account on a monthly basis.
