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Axis Bank FD Rates

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Axis Bank offers attractive interest rates on fixed deposits. For deposits below Rs. 2 crores, the Axis Bank FD rates range from 3.00% p.a. to 7.10% p.a for general citizens and from 3.50% to 7.75% p.a for senior citizens. The tenure offered by the bank is in the range of 7 days to 10 years.

Axis Bank FD Rates 2024 - From 04 Jan 2024

Duration	General citizens	Senior citizens
7 days to 14 days	3.00%	3.50%
15 days to 29 days	3.00%	3.50%
30 days to 45 days	3.50%	4.00%
46 days to 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%
5 months < 6 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 and 5 days < 1 year and 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	7.10%	7.60%
16 months < 17 months	7.10%	7.60%
17 months < 18 months	7.10%	7.60%
18 months < 2 years	7.10%	7.60%
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 to 10 years	7.00%	7.75%

Axis Bank Fixed Deposit Rates As Compared to Other Banks’ FD Rates

Name	Tenure	Interest Rate
Shriram Transport Finance FD	1 year to 5 years	7.80% to 8.60%
DHFL FD	1 year to 10 years	8.25% to 8.95%
SBI Bank FD	3 months to 10 years	4.75% to 6.50%
Equitas Bank FD	7 days to 10 years	3.50% to 7.25%
HDFC Bank FD	3 months to 10 years	4.50% to 7.00%
ICICI Bank FD	3 months to 10 years	4.50% to 6.90%
LIC FD	1 year to 5 years	7.25% to 7.75%
Bandhan Bank FD	3 months to 10 years	3.00% to 7.85%
Canara Bank FD	3 months to 10 years	5.50% to 6.70%
Post office FD	1 year to 5 years	6.90% to 7.50%
Bank of Baroda FD	3 months to 10 years	5.50% to 6.50%
Punjab National Bank FD	3 months to 10 years	4.50% to 6.50%
Indian Bank FD	3 months to 10 years	3.50% to 6.10%
UCO Bank FD	3 months to 10 years	4.50% to 6.10%
Yes Bank FD	3 months to 10 years	4.75% to 7.00%
RBL Bank FD	3 months to 20 years	4.75% to 7.00%
IDFC First Bank FD	3 months to 10 years	4.50% to 7.00%
Saraswat Bank FD	3 months to 10 years	6.00% to 7.00%
ICICI Home Finance FD	1 year to 10 years	7.25% to 7.50%
Bank of India FD	3 months to 10 years	4.50% to 6.00%
Union Bank of India FD	3 months to 10 years	3.00% to 6.50%
Indian Overseas Bank FD	3 months to 10 years	4.50% to 6.50%
Co-operative Bank FD	1 year to 5 years	6.00% to 6.35%
DBS Bank FD	3 months to 10 years	5.00% to 6.50%
Federal Bank FD	3 months to 10 years	4.75% to 6.60%
AU Small Finance Bank FD	3 months to 10 years	4.25% to 7.25%
Fincare Small Finance Bank FD	3 months to 7 years	5.75% to 7.00%
Jana Small Finance Bank FD	3 months to 10 years	5.00% to 6.50%
Ujjivan Small Finance Bank FD	3 months to 10 years	4.75% to 6.50%
Utkarsh Small Finance Bank FD	3 months to 10 years	4.75% to 7.00%
IndusInd Bank FD	7 days to 3 years	3.50% to 7.25%
Karnataka Bank FD	3 months to 10 years	4.00% to 5.80%
Karur Vysya Bank FD	3 months to 10 years	5.25% to 6.65%
Jammu and Kashmir Bank FD	3 months to 10 years	4.60% to 6.50%
Standard Chartered Bank FD	7 days to 5 years	2.75% to 6.75%
Tamilnad Mercantile Bank	3 months to 10 years	5.25% to 6.50%
DCB Bank FD	3 months to 10 years	4.75% to 7.25%
South Indian Bank FD	3 months to 10 years	3.50% to 5.50%
Punjab and Sind Bank FD	3 months to 10 years	4.25% to 6.25%
IDBI Bank FD	3 months to 20 years	4.50% to 4.80%
City Union Bank FD	3 months to 10 years	3.00% to 5.25%
HSBC Bank FD	7 days to 5 years	2.85% to 6.00%
Bank of Maharashtra FD	3 months to 10 years	4.75% to 6.00%
Central Bank of India FD	3 months to 10 years	4.75% to 6.25%
Kotak Mahindra Bank FD	3 months to 10 years	4.00% to 6.20%
Citibank FD	3 months to 5 years	1.85% to 3.5%

Axis Bank NRE FD Rates (For deposits less than Rs. 2 crores)

Tenure	Rate of interest
1 year to 1 year 4 days	6.70%
1 year and 5 days to 1 year and 10 days	6.70%
1 year and 11 days - 1 year and 24 days	6.70%
1 year and 11 days - 1 year and 24 days	6.70%
1 year 25 days - less than 13 months	6.70%
13 months - less than 15 months	6.70%
15 months < 16 months	7.10%
16 months to < 17 months	7.10%
17 months to < 2 years	7.10%
2 years to < 30 months	7.10%
30 months < 3 years	7.10%
3 years < 5 years	7.10%
5 years to 10 years	7.00%

Axis Bank NRO FD Rates (Less Than Rs. 2 crores)

Maturity Period	Interest rates (p.a.)
7 to 14 days	3.00
15 to 29 days	3.00
30 to 45 days	3.50
46 to 60 days	4.25
61 days < 3 months	4.50
3 months < 4 months	4.75
4 months < 5 months	4.75
5 months < 6 months	4.75
6 months < 7 months	5.75
7 months < 8 months	5.75
8 months < 9 months	5.75
9 months < 10 months	6.00
10 months < 11 months	6.00
11 months – 11 months 24 days	6.00
11 months 25 days < 1 year	6.00
1 year – 1 year 4 days	6.70
1 year 5 days – 1 year 10 days	6.70
1 year 11 days – 1 year 24 days	6.70
1 year 25 days < 13 months	6.70
13 months < 14 months	6.70
14 months < 15 months	6.70
15 months < 16 months	7.10
16 months < 17 months	7.10
17 months < 18 months	7.10
18 Months < 2 years	7.10
2 years < 30 months	7.10
30 months < 3 years	7.10
3 years < 5 years	7.10
5 years to 10 years	7.00

Axis Bank FCNR FD Rates

Duration	CAD	AUD	EURO	GBP	USD
1 year to less than 2 years	4.75	4.60	3.35	4.00	5.85
2 years to less than 3 years	3.50	3.75	0.01	3.75	4.30
3 years to less than 4 years	2.90	3.60	0.01	2.45	4.00
4 years to less than 5 years	2.70	3.55	0.01	2.45	3.60
5 years	2.70	3.55	0.01	2.45	3.60

Axis Bank Fixed Deposit Interest Rates on Term-Wise Deposits

Short-term deposits: Short term deposits are those with tenure less than 1 year. The interest rate offered on short-term deposits from Axis Bank (With tenure in the range of 7 days to 12 months) lies between 3.50% p.a. to 5.50% p.a.
Medium-term deposits: Medium-term fixed deposits are those with tenures in the range of more than 1 year to less than 5 years. The interest rate offered on medium-term deposits lies between 6.25% p.a to 6.50% p.a.
Long-term deposits: Long-term fixed deposits are those with tenures in the range of 5 years to 10 years. The interest rate offered on them is 6.50% p.a.

Axis Bank Fixed Deposits - Features and Benefits

Senior citizens can avail higher interest rates over regular customer rates
The bank offers a nomination facility.
The minimum deposit amount required to start an FD with Axis Bank is Rs. 5,000
You will get competitive interest rates on short-term deposits with an Axis Bank FD account.
The account can be started in a hassle-free way
Loans upto 90% can be availed against your Axis Bank fixed deposits
There is a wide range of Axis Bank fixed deposits to choose from

Types of Axis Bank FD Schemes

The bank offers different kinds of FDs to the investors. Here are some of them.

Regular Fixed Deposits: In this type of FD, the tenure is between 7 days to 10 years. The interest rate offered is higher than that on the savings bank deposits. Depositors can obtain loans and overdraft facilities against these deposits. These can be withdrawn before maturity with a penalty of lower interest.
Tax Saver Fixed Deposits: Under Section 80C, investment in this type of FD is eligible for a deduction of upto Rs. 1.5 lakhs from the taxable income. The interest on this FD is taxable. There is a mandatory lock-in period of 5 years, and thus, the tax saver FD cannot be withdrawn prematurely. Loans and overdraft facilities are not available in this FD.
Digital Fixed Deposits: The opening of this FD is instant without the requirement for any physical documents. If you are not an Axis Bank customer, all you have to do is a PAN and Aadhaar verification and video KYC to open this type of FD.
Reinvestment Fixed Deposits: The interest on these FDs is compounded according to the chosen interval. It is added to the balance and is paid upon maturity.
Senior citizen fixed deposits: These deposits are for investors who are over 60 years old. The interest rate on these FDs is 0.75% higher than standard FDs.
Fixed Deposit Plus: These deposits give a higher rate of interest compared to regular FDs.
Auto Fixed Deposits: These FDs give investors the double convenience of savings accounts and interest rates on deposits. In this type of FD, you can set a certain limit on the amount to be kept in your savings account.

Eligibility Criteria

The following entities and individuals can open an FD account.

Trust Accounts
Partnership Firms
Limited Companies
Sole Proprietorship Firms
Residents
Hindu Undivided Families

Documents Required to Open An Axis Bank FD Account

The documents required for opening an Axis Bank FD account are

Identification proof: KYC documents such as Driver’s license, Voter ID card, and Aadhaar card.
PAN card according to rules established by the Income Tax Department of India.
Address proof: KYC documents, utility bills such as electricity bill and water bills, and passport.