Explore the detailed interest rates, types of FD schemes, and tax benefits offered by Axis Bank for the financial year 2025-26. Understand eligibility, required documents, and how to maximize your returns.
Highlights for 2026 Fixed Deposit Scheme of Axis Bank
FD Interest Rates for Axis Bank 2026
Types of Axis Bank FD Schemes
Axis Bank FD Special Features and Benefits
Basic Eligibility Criteria for Axis Bank FD
Documents Required for Axis Bank FD
Tax Benefits on Axis Bank Fixed Deposit
FD Interest Rate Calculator
FAQs on Axis Bank FD
Tenure and Interest Rates
Axis Bank offers a range of tenures and competitive interest rates for its fixed deposit schemes.
Tenure ranges from 7 days to 10 years.
Interest rates for the public range from 3.00% to 7.25% p.a.
Senior citizens enjoy higher rates from 3.50% to 7.75% p.a.
Premature Withdrawal
Understand the conditions and penalties associated with premature withdrawal of FDs.
1% penalty on pre-closure of FD.
No penalty for partial withdrawals up to 25% of the principal.
Flexible withdrawal options enhance liquidity.
Minimum Deposit Amount
The minimum deposit requirement ensures accessibility for various investors.
Minimum deposit amount is ₹5,000.
Online deposits start at ₹5,000, while branch deposits start at ₹10,000.
Digital FDs offer a seamless experience for tech-savvy users.
Auto-Renewal and Payout Options
Axis Bank provides convenient options for managing your FD investments.
Automatic rollover facility available.
Flexible payout options: Reinvestment, Quarterly, or Monthly payout.
Digital management through internet banking and mobile app.
Short-Term Deposits
Interest rates for short-term deposits vary based on tenure.
7-14 days: 3.00% for public, 3.50% for senior citizens.
15-29 days: 3.00% for public, 3.50% for senior citizens.
30-45 days: 3.50% for public, 4.00% for senior citizens.
Medium-Term Deposits
Medium-term deposits offer competitive rates for stable returns.
6 months < 9 months: 5.75% for public, 6.25% for senior citizens.
9 months < 1 year: 6.00% for public, 6.50% for senior citizens.
1 year – 1 year 10 days: 6.70% for public, 7.20% for senior citizens.
Long-Term Deposits
Long-term deposits provide higher interest rates for extended tenures.
2 years < 3 years: 7.10% for public, 7.60% for senior citizens.
3 years < 5 years: 7.10% for public, 7.60% for senior citizens.
5 years to 10 years: 7.00% for public, 7.75% for senior citizens.
Special Rates for Senior Citizens
Senior citizens benefit from enhanced interest rates across all tenures.
Additional 0.50% interest over standard rates.
Highest rate of 7.75% for tenures of 15 months < 18 months.
Special rates applicable for all FD schemes.
Regular Fixed Deposit
A versatile FD scheme suitable for general savings.
Minimum deposit: ₹5,000 online, ₹10,000 at branch.
Tenure: 7 days to 10 years.
Flexible payout options and auto-renewal facility.
Digital Fixed Deposit
Fully digital process with no account opening fees.
Deposit range: ₹5,000 to ₹2 lakh.
Tenure: 6 months to 10 years.
Premature withdrawal up to 25% without penalty.
Axis Auto Fixed FD
Automatically converts excess savings into FD for better returns.
Linked to savings account; excess funds converted to FD.
Tenure: 6 months to 5 years.
Offers liquidity with FD-level interest.
Axis Tax Saver FD
Ideal for tax planning with a lock-in period of 5 years.
Minimum deposit: ₹100, maximum: ₹1.5 lakh.
Eligible for tax deduction under Section 80C.
No premature withdrawal allowed.
Attractive Interest Rates
Axis Bank offers competitive interest rates across all FD schemes.
Rates range from 3.00% to 7.25% for the public.
Senior citizens enjoy rates from 3.50% to 7.75%.
Special rates for different tenures and schemes.
Flexible Management Options
Manage your FD with ease using Axis Bank's digital platforms.
Open and manage FDs online or via mobile app.
Auto-renewal and flexible payout options available.
Partial withdrawal facility up to 25% without penalty.
Tax-Saving Opportunities
Leverage tax-saving benefits with Axis Bank's FD schemes.
Tax Saver FD eligible under Section 80C.
Lock-in period of 5 years for tax-saving FDs.
Interest income subject to TDS as per applicable laws.
Convenient Account Access
Access your FD account easily through various channels.
Internet banking and mobile app for account management.
Branch visits for personalized assistance.
24/7 customer support for queries and assistance.
Individual Eligibility
Eligibility criteria for individuals looking to open an FD with Axis Bank.
Indian resident individuals aged 18 years and above.
Non-Resident Indians (NRIs) eligible for NRO/NRE FDs.
Hindu Undivided Families (HUFs) can open FDs.
Business and Trust Accounts
Eligibility for businesses and trusts to open FDs with Axis Bank.
Sole Proprietorship Firms can open FDs.
Partnership Firms and Limited Companies eligible.
Trust Accounts can also invest in FDs.
Documentation Requirements
Necessary documents for opening an FD account.
Valid passport or driving license for identification.
Introduction by an existing Axis Bank account holder.
Additional documents may be required for NRIs and businesses.
Age and Residency Criteria
Age and residency requirements for FD account holders.
Minimum age requirement is 18 years.
Indian residents and NRIs can open FDs.
Proof of residency and age required for verification.
Identification Documents
Documents required for identity verification.
Valid passport or driving license.
Aadhaar card or Voter ID as additional ID proof.
PAN card for tax purposes.
Address Proof
Documents required for address verification.
Utility bills such as electricity or water bill.
Bank statement with address details.
Rental agreement or property documents.
Additional Documents for NRIs
Specific documents required for NRIs to open FDs.
Valid passport and visa details.
Overseas address proof such as utility bills.
NRE/NRO account details for fund transfer.
Business and Trust Accounts
Documents required for businesses and trusts.
Certificate of incorporation for companies.
Partnership deed for partnership firms.
Trust deed for trust accounts.
Section 80C Benefits
Tax benefits available under Section 80C for Axis Bank FDs.
Invest up to ₹1.5 lakh in Tax Saver FD for deductions.
5-year lock-in period for tax-saving FDs.
Reduces taxable income under the old tax regime.
Interest Income Taxation
Tax implications on interest earned from FDs.
Interest income is taxable under 'Income from Other Sources'.
TDS applicable if interest exceeds ₹40,000 (₹50,000 for senior citizens).
Form 16A issued for TDS deductions.
Old vs New Tax Regime
Comparison of tax benefits under old and new tax regimes.
Old regime allows deductions under Section 80C.
New regime offers lower tax rates but no deductions.
Choose regime based on individual tax planning needs.
Worked Example: Tax Savings
Example illustrating tax savings through FD investments.
Investment of ₹1.5 lakh in Tax Saver FD.
Tax deduction of ₹1.5 lakh reduces taxable income.
Potential tax savings of up to ₹46,800 for individuals in the 30% tax bracket.
Purpose of the Calculator
Understand how the FD interest rate calculator can assist you.
Calculate expected returns based on deposit amount and tenure.
Compare different FD schemes for optimal returns.
Plan investments effectively with precise calculations.
How to Use the Calculator
Step-by-step guide to using the FD interest rate calculator.
Enter deposit amount and select tenure.
Choose interest payout option: Reinvestment, Quarterly, or Monthly.
View calculated maturity amount and interest earned.
Benefits of Using the Calculator
Advantages of using an interest rate calculator for FD planning.
Quick and accurate calculations for informed decisions.
Helps in comparing different tenures and interest rates.
Facilitates better financial planning and goal setting.
Example Calculation
Illustrative example of using the calculator for FD planning.
Deposit of ₹1 lakh for 5 years at 7% interest rate.
Maturity amount calculated as ₹1,40,255.
Interest earned over 5 years: ₹40,255.
What is the minimum deposit amount for Axis Bank FD?
The minimum deposit amount for Axis Bank FD is ₹5,000 for online deposits and ₹10,000 for branch deposits. This ensures accessibility for a wide range of investors.
Are there any penalties for premature withdrawal of Axis Bank FD?
Yes, Axis Bank charges a 1% penalty for premature closure of FDs. However, there is no penalty for partial withdrawals up to 25% of the principal amount.
What are the tax benefits of investing in Axis Bank Tax Saver FD?
Investing in Axis Bank Tax Saver FD allows you to claim a deduction of up to ₹1.5 lakh under Section 80C of the Income Tax Act. The FD has a lock-in period of 5 years.
How can I open an Axis Bank FD account?
You can open an Axis Bank FD account online through internet banking or the mobile app. Alternatively, you can visit a branch to open an account in person.
What documents are required to open an Axis Bank FD?
To open an Axis Bank FD, you need identification documents like a valid passport or driving license, address proof such as utility bills, and a PAN card for tax purposes.
Can NRIs open an FD with Axis Bank?
Yes, NRIs can open NRO/NRE FDs with Axis Bank. They need to provide valid passport and visa details, along with overseas address proof and NRE/NRO account details.
What are the interest rates for senior citizens on Axis Bank FDs?
Senior citizens enjoy higher interest rates on Axis Bank FDs, ranging from 3.50% to 7.75% p.a., depending on the tenure and scheme chosen.
How is interest income from Axis Bank FD taxed?
Interest income from Axis Bank FD is taxable under 'Income from Other Sources'. TDS is applicable if the interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.
What is the tenure range for Axis Bank FDs?
Axis Bank offers FDs with tenures ranging from 7 days to 10 years, allowing investors to choose a duration that aligns with their financial goals.
Is auto-renewal available for Axis Bank FDs?
Yes, Axis Bank provides an auto-renewal facility for FDs, ensuring seamless reinvestment of your deposit upon maturity, based on your chosen preferences.