AXIS Bank FD Interest Rates 2022 - Check Latest Interest Rate Upto 5.75%

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AXIS BankFixed Deposit
5.10%
1 Year 
5.40%
2 Years 
4.40%
6 Months 
5.25%
1 Year 6 Months 
Overview of AXIS Bank FDs
2.50% - 5.75%
Interest rates
3 months - 10 years
Time Period
₹5,000 - no limit
Min. - Max amount
QUARTERLY
Compounding
About AXIS BankAxis Bank Limited is a renowned Indian Banking and financial services company headquartered in Mumbai, Maharashtra. It is regarded as the third-largest private sector bank in India. It offers a wide range of financial services under its retail banking services such as deposits, loans, and corporate banking services like Demat account equity capital markets and mutual fund investments, and international banking services. 
Axis Bank provides multiple fixed deposit options to its customers to secure a certain part of their savings for a fixed tenure. The competitive Axis Bank Fixed Deposit interest rates help the depositors to earn more returns by safeguarding their money and to use them judiciously in the future. Customers have to deposit the minimum deposit amount at the time of opening the account. Furthermore, withdrawal of the FD amount is not allowed until the maturity period.
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Started On1993
Head QuartersMumbai
CRISIL RatingFAAA
CEOAmitabh Chaudhary
Listed on exchange asAxis Bank Ltd.
ICRA RatingMAAA
Latest AXIS Bank Interest RatesTenureRegular customersSenior citizens
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3
Features & Benefits of AXIS BankSenior citizens can avail higher interest rate over regular customer’s rates
Nomination facility is provided by the bank
The minimum deposit amount required to book an FD with Axis Bank is Rs. 10,000
Avail competitive interest rates on short-term deposits with an Axis Bank FD account
One can book an FD account in a hassle-free way with Axis Bank
Loans up to 90% can be availed against your Axis Bank Fixed Deposits
Axis Bank offers a wide range of fixed deposits to choose from
Types of AXIS Bank SchemesRegular Fixed Deposit
Senior citizens can avail higher interest rate over regular customer’s rates
Nomination facility is provided by the bank
The minimum deposit amount required to book an FD with Axis Bank is Rs. 10,000
Avail competitive interest rates on short-term deposits with an Axis Bank FD account
One can book an FD account in a hassle-free way with Axis Bank
Loans up to 90% can be availed against your Axis Bank Fixed Deposits
Axis Bank offers a wide range of fixed deposits to choose from
Tax Saver Fixed Deposit
As the name implies, under this scheme, the depositor can avail tax benefits on deposit under Section 80C of the Income Tax Act, 1961
The bank provides the flexibility to choose between single holder type deposits and joint holder type deposits. The rate of interest depends on the category in which the applicant fall
Nomination facility is provided by the bank
Tax benefits can be claimed with a fixed deposit receipt issued by the bank
Eligibility - Resident Indians and HUFs
Fixed Deposit Plus
 
Customers can earn a higher interest rate under this scheme as compared to regular term deposits
Nomination facility is provided by the bank
The minimum deposit amount is Rs. 5,00,00,000
Interest earned is subject to TDS (Tax Deducted at Source)
Depositors can choose the method of interest calculation, wiz, simple interest, and compound interest options.
Eligibility - Resident Indians, Hindu Undivided Family sole proprietorship firms, proprietorship firms, partnership firms, limited companies, and trust.
Encash 24 Flexi Deposit
Under this scheme, dual benefits are offered viz. Liquidity of a savings account and high earnings of a fixed deposit.
Auto-renewal facility is available on the deposit
Enjoy Tax Benefits on deposit under Section 80C of Income Tax Act, 1961
Maximum liquidity on investment
Great returns with a shorter tenure
The FD account is linked to the existing savings account
Maximum tenure is 5 years and the minimum is 6 months
Eligibility - Savings account holders with valid PAN card
Term-wise interest ratesShort-term Deposits:
For an Axis Bank FD with tenure ranging from 7 days to 12 months, the interest rate offered is from 2.50% p.a. to 5.10% p.a. These deposits are known as short-term deposits as their tenure is less than 1 year.
Medium-term Deposits
Medium-term fixed deposits have their tenures ranging from more than 1 year to less than 5 years. The interest offered by the bank on these deposits is around 5.10% – 5.40% p.a.
Long-term Deposits
These deposits have their tenure ranging from 5 years to 10 years and offer an interest rate of 5.75%.
Comparison of FD RatesNameTenureInterest rate
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2
3
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5
FAQsWhat are the tenure options available for Axis Bank FD?
Axis Bank provides FD with tenures ranging from 7 days to 10 years. You can choose anyone among them.
What is the minimum deposit amount needed to open an FD account with Axis Bank?
The minimum deposit amount is Rs. 10000
Can I add an additional amount to my Axis Bank FD account?
 No, you can only add money at the time of opening the account.
Is the interest earned on Axis Bank FD taxable?
Yes, the Axis Bank FD interest earned is taxable under the Income Tax Act, 1961. TDS is deducted by the bank at the rate of 10% if PAN is provided and 20%, if not.
What is the difference between a regular Axis Bank FD and a Tax-saver FD?
In a Tax-saver FD, the investment is eligible for a deduction of up to Rs. 1.5 lakh under Section 80C of the Income Tax Act. The important thing to note is the investment made in this FD will be subject to a lock-in period of 5 years. On the other hand, a regular FD is not eligible for tax deductions and hence there is no lock-in period on the investment either.
What are the documents needed to start an FD account with Axis Bank?
You need to provide 2 photographs, a driving license, or a passport to open an Axis Bank FD account

High Interest Rates

FDs without Savings Account

Insured upto 5 Lakhs by RBI

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Bengaluru – 560034
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CEO	Amitabh Chaudhary
Listed on exchange as	Axis Bank Ltd.
ICRA Rating	MAAA

Started On	1993
Head Quarters	Mumbai
CRISIL Rating	FAAA