Axis Bank FD Rates - POST OFFICE FD

Fixed Deposits (FDs) remain one of the most reliable and secure investment options for individuals seeking guaranteed returns. Axis Bank, one of India’s leading private sector banks, offers a variety of FD schemes tailored to meet diverse financial needs. With competitive interest rates, flexible tenures, and additional benefits for senior citizens, Axis Bank FDs are a popular choice for both resident and non-resident investors. This article explores the latest Axis Bank FD rates for 2025, key features, benefits, and answers frequently asked questions to help you make informed investment decisions.

Overview of Axis Bank Fixed Deposits

Axis Bank offers a variety of fixed-deposit options—Regular FD, Tax-Saver FD, Fixed Deposit Plus, Digital FD and Auto FD—so you can pick one that fits your goals. You can invest for anywhere between 7 days and 10 years, with rates set by the term, your deposit amount and whether you’re a general customer or a senior citizen. FDs are low-risk, come with guaranteed returns, and are even insured up to ₹5 lakh under DICGC guidelines for added security.

Latest Axis Bank FD Interest Rates (Effective May 2025)

Axis Bank has recently updated its FD interest rates, effective from April 23, 2025, for deposits below ₹3 crore. Below are rates for general citizens and senior citizens across various tenures:

FD Rates for Deposits Below ₹3 Crore

Tenure	General Citizens (% p.a.)	Senior Citizens (% p.a.)
7 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 to < 3 months	4.50%	5.00%
3 months to < 6 months	4.75%	5.25%
6 months to < 9 months	5.75%	6.25%
9 months to < 1 year	6.00%	6.50%
1 year to < 15 months	6.70%	7.20%
15 months to < 2 years	7.25%	7.75%
2 years to < 5 years	7.10%	7.60%
5 years to 10 years	7.00%	7.75%

Note: Rates are subject to change. For the most recent updates, visit the official Axis Bank website.

Key Highlights

Highest Rates: The maximum interest rate for general citizens is 7.25% p.a. for tenures between 15 months and 2 years. Senior citizens can earn up to 7.75% p.a. for the same tenure or for tenures between 5 and 10 years.
Senior Citizen Benefits: Senior citizens receive an additional 0.50% to 0.75% p.a., depending on the tenure.
Tax-Saver FD: Axis Bank offers a 5-year Tax-Saver FD with a 7.00% p.a. interest rate for general citizens and 7.75% p.a. for senior citizens. Deposits between ₹100 and ₹1.5 lakh qualify for tax deductions under Section 80C of the Income Tax Act.

FD Rates for Deposits Between ₹3 Crore and < ₹5 Crore

For larger deposits, Axis Bank offers slightly different rates, effective from April 23, 2025. These rates are typically lower than those for deposits below ₹3 crore due to the bank’s liquidity policies. For precise rates, refer to the Axis Bank website.

Fixed Deposit Plus

The Fixed Deposit Plus scheme is designed for high-value deposits (minimum ₹3 crore) and offers competitive rates with no auto-renewal facility. Investors can choose between simple or compound interest options.

NRI FD Rates

Axis Bank offers NRE and NRO Fixed Deposits for Non-Resident Indians (NRIs). As of February 2024:

NRE FD: Up to 7.10% p.a. for tenures between 1 and 10 years.
NRO FD: Up to 7.10% p.a.
FCNR Deposits: Rates vary by currency (e.g., 5.25% p.a. for USD, 3.35% p.a. for EUR).

Note: NRE FD interest is tax-free in India, and both principal and interest are fully repatriable.

Key Features of Axis Bank Fixed Deposits

Flexible Tenures: Choose from 7 days to 10 years to align with short-term or long-term goals.
Minimum Investment: ₹5,000 for online bookings, ₹10,000 for branch bookings. No upper limit for most schemes.
Premature Withdrawal: Available with a 1% penalty on the applicable interest rate, except for NRE FDs and partial withdrawals up to 25% of the principal.
Auto-Renewal: Option to automatically renew the FD (principal or principal + interest) at maturity.
Loan Facility: Avail loans up to 85% of the FD value at competitive rates (1-2% above FD rate).
Digital FD: Open a full KYC FD online without a savings account, with no penalty for premature withdrawal up to 25%.
Auto FD: Links to a savings account for automatic transfers when the balance exceeds ₹25,000, in multiples of ₹5,000.
Tax Implications: Interest earned is taxable, with TDS deducted if annual interest exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G/15H to avoid TDS if applicable.

Benefits of Investing in Axis Bank FDs

Safety: Backed by DICGC insurance up to ₹5 lakh.
Competitive Rates: Rates up to 7.25% for general citizens and 7.75% for senior citizens.
Flexible Payout Options: Choose monthly, quarterly, or maturity payouts, or reinvest interest for compounding.
Hassle-Free Process: Open FDs online via internet banking or the Axis Bank mobile app.
Tax Benefits: Tax-Saver FDs offer deductions up to ₹1.5 lakh under Section 80C.
Loan Against FD: Access liquidity without breaking the FD.

How to Open an Axis Bank FD

Online:
- Log in to Axis Bank Internet Banking or the Mobile App.
- Navigate to the “Deposits” section and select “Create Fixed Deposit.”
- Enter the deposit amount, tenure, and nominee details.
- Confirm, and the amount will be debited from your savings account.
Offline:
- Visit an Axis Bank branch.
- Submit KYC documents (PAN, Aadhaar, or other ID/address proof).
- Fill out the FD application form and deposit the amount.

Using the Axis Bank FD Calculator

Axis Bank’s FD Calculator is an online tool that helps estimate returns based on the deposit amount, tenure, and interest rate. Simply input:

Customer category (general or senior citizen).
FD type (regular, tax-saver, etc.).
Principal amount and tenure. The calculator displays the maturity amount and interest earned, factoring in compounding frequency.

Recent Updates on Axis Bank FD Rates

April 23, 2025: Axis Bank revised FD rates for deposits below ₹3 crore following the RBI’s repo rate cut to 6% on April 9, 2025. The highest rate remains 7.25% for general citizens and 7.75% for senior citizens.
February 24, 2025: Rates were adjusted post the RBI’s repo rate reduction to 6.25% on February 7, 2025.
September 10, 2024: Rates were hiked to a maximum of 7.75% for senior citizens.

Why Choose Axis Bank FDs?

Axis Bank’s FDs combine competitive interest rates, flexibility, and safety, making them suitable for diverse investors. The bank’s digital FD option, tax-saving schemes, and additional benefits for senior citizens enhance its appeal. With the ability to calculate returns using the FD Calculator and access loans against FDs, investors can plan their finances effectively.

FAQs on Axis Bank Fixed Deposits

1. What is the minimum amount required to open an Axis Bank FD?

The minimum deposit is ₹5,000 for online bookings and ₹10,000 for branch bookings. For Tax-Saver FDs, the minimum is ₹100, with a maximum of ₹1.5 lakh.

2. Are Axis Bank FD interest rates different for senior citizens?

Yes, senior citizens receive an additional 0.50% to 0.75% p.a. compared to general citizens, depending on the tenure. For example, a 15-month to 2-year FD offers 7.25% for general citizens and 7.75% for senior citizens.

3. Is premature withdrawal allowed for Axis Bank FDs?

Yes, premature withdrawal is permitted with a 1% penalty on the applicable interest rate. Partial withdrawals up to 25% of the principal are penalty-free. NRE FDs are exempt from penalties.

4. Are Axis Bank FDs taxable?

Yes, interest earned is taxable under the Income Tax Act, 1961. TDS is deducted if annual interest exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G/15H to avoid TDS if your income is below the taxable limit.

5. Can NRIs open an FD with Axis Bank?

Yes, NRIs can open NRE, NRO, or FCNR FDs. NRE FD interest is tax-free in India, and both principal and interest are fully repatriable. The minimum deposit for NRI FDs is ₹5 crore.

6. Can I avail a loan against my Axis Bank FD?

Yes, you can avail a loan or overdraft up to 85% of the FD value at an interest rate 1-2% above the FD rate. No prepayment charges apply.

7. How can I calculate my FD returns?

Use the Axis Bank FD Calculator on the bank’s website. Input the deposit amount, tenure, and customer category to get precise estimates of maturity amount and interest earned.

8. What is the lock-in period for a Tax-Saver FD?

The Tax-Saver FD has a 5-year lock-in period, and premature withdrawal is not permitted.

9. Can I open a joint FD account with Axis Bank?

Yes, joint FD accounts can be opened with up to three applicants. The maturity amount is payable to either holder or the survivor.

10. Are Axis Bank FDs safe?

Yes, Axis Bank FDs are considered safe, with an ICRA AAA (Stable) rating. Deposits up to ₹5 lakh are insured under DICGC guidelines.

Website : https://www.axisbank.com/fixed-deposit-interest-rate

Also visit : https://postofficefd.com/canara-bank-gold-loan-interest-rates-2025/