Axis Bank is one of India’s leading private sector banks, known for its comprehensive range of financial services and customer-centric approach. It offers fixed deposits with competitive interest rates, flexible tenures, and additional rates for senior citizens. Use the calculator to estimate your interest earnings and maturity amounts.
Here is the interest rate table for fixed deposits of less than 3 crore:
| Tenure | General Customers (%) | Senior Citizen (%) |
|---|---|---|
| 7 – 29 days | 3.00 | 3.50 |
| 30 – 45 days | 3.50 | 4.00 |
| 46 – 60 days | 4.25 | 4.75 |
| 61 days < 3 months | 4.50 | 5.00 |
| 3 months – 3 months 24 days | 4.75 | 5.25 |
| 3 months 25 days < 6 months | 4.75 | 5.25 |
| 6 months < 9 months | 5.75 | 6.25 |
| 9 months < 1 year | 6.00 | 6.50 |
| 1 year – 14 months | 6.70 | 7.20 |
| 15 months < 18 months | 7.10 | 7.60 |
| 17 months < 18 months | 7.20 | 7.70 |
| 18 Months < 5 years | 7.10 | 7.60 |
| 5 years to 10 years | 7.00 | 7.75 |
Data last updated on 01/09/2024. Check latest interest rates here.
Axis Bank FD Calculator
Axis Bank FD FAQs
What does timely closure mean in Fixed Deposits?
Timely closure refers to holding the FD until maturity, at which point you receive the principal amount plus all accrued interest.
Can I withdraw my Fixed Deposit before maturity?
Yes, you can break your FD before maturity, but it may incur penalties, resulting in a lower interest payout.
Can I get a loan against my Fixed Deposit at Axis Bank?
Yes, Axis Bank offers loans against FDs with interest rates slightly above the FD rates.
Are Fixed Deposit interest earnings taxable?
Yes, interest from FDs is taxable if it exceeds ₹40,000 (₹50,000 for senior citizens) per annum and is considered 'Income from Other Sources' under the Income Tax Act.