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| Tenure | For General Citizen (p.a) | For Senior Citizen (p.a) |
|---|---|---|
| 7 days to 14 days | 3 % | 3.5 % |
| 15 days to 29 days | 3 % | 3.5 % |
| 30 days to 45 days | 3.5 % | 4 % |
| 46 days to 60 days | 4.25 % | 4.75 % |
| 61 days < 3 months | 4.5 % | 5 % |
| 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 % | 6.5 % |
| 10 months < 11 months | 6 % | 6.5 % |
| 11 months to 11 months 24 days | 6 % | 6.5 % |
| 11 months 25 days < 1 year | 6 % | 6.5 % |
| 1 year to 1 year 4 days | 6.7 % | 7.2 % |
| 1 year 5 days to 1 year 10 days | 6.7 % | 7.2 % |
| 1 year 11 days to 1 year 24 days | 6.7 % | 7.2 % |
| 1 year 25 days < 13 months | 6.7 % | 7.2 % |
| 13 months < 14 months | 6.7 % | 7.2 % |
| 14 months < 15 months | 6.7 % | 7.2 % |
 15 months < 16 months | 7.1 % | 7.6 % |
| 16 months < 17 months | 7.1 % | 7.6 % |
| 17 months < 18 months | 7.1 % | 7.6 % |
| 18 Months < 2 years | 7.1 % | 7.6 % |
| 2 years < 30 months | 7.1 % | 7.6 % |
| 30 months < 3 years | 7.1 % | 7.6 % |
| 3 years < 5 years | 7.1 % | 7.6 % |
| 5 years to 10 years | 7 % | 7.75 % |
Axis bank offers several advantages ranging from assured returns to availing an overdraft facility against your fixed deposit depending on its tenure.
Below is the interest rate charged for FD interest offered by Axis Bank. These rates may change in the future depending on the change in repo rates or inflation.
Pros:
Cons:
One can start a fixed deposit with a minimum amount of Rs. 5,000. (if it's booked from internet banking or a mobile app, the minimum amount is Rs. 10,000/-). There isn't any maximum limit for the fixed deposit amount.
Banks require the below-listed documents for completing the Mandatory Know Your Customer (KYC) procedure before opening an account for its customer
If you already hold a Savings or Current Account with Axis, a Fixed Deposit can be opened using the below procedure.
The interest earned on all types of FDs is included in the total income and is taxable as per the prevailing slab rate.
No, you can use another bank saving account also to open Axis bank digital FD.
Tax-saver fixed deposits offer tax exemption of up to Rs. 1.5 lakh under Section 80C on the deposited amount. The exemption is allowed only on the initial deposit amount and not every year on the same deposit. The FD has a tenure of five years and cannot be withdrawn before maturity. Joint holding is permitted, but only the first holder can claim tax exemption.
You can get an overdraft facility against your FD, which is available for the remaining tenure of the FD. The amount is usually 85% of the FD amount, with a minimum of Rs. 25,000. Interest rates are competitive, and interest is charged only on the amount utilized.
Disclaimer: Wint Wealth makes no guarantee or warranty on the accuracy of the data provided on this site, the information displayed is subject to change and are provided on an as-is basis. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. You are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions. We accept no liability for any loss arising from the use of information contained on this website.
