Axis Bank 2024 Interest Rate For FD- The Fixed Deposit (FD) at Axis Bank is a secure and easy way to see your savings grow. Save at least Rs by opening a Fixed Deposit online with Axis Bank. 5,000 for a variety of durations, ranging from seven days to ten years. You can open a Fixed Deposit account from any location with the assistance of Axis Bank’s online account opening services. It makes it simple to move money from a savings account to a Fixed Deposit. Find the best interest rates on Fixed Deposits for both long-term and short-term investments.
You can have your Fixed Deposit interest credited to a specific account or paid out to another account using the automatic roll-out facility provided by Axis Bank. Axis Bank Interest Rate For FD The interest rate for Axis Bank’s deposit account is 3.25 percent. This is the fixed deposit interest rate offered by the bank and is valid for one year. The interest rate is compounded monthly, which means that each month, the amount of interest earned on the deposit account balance is calculated and added to the total sum. The interest rate is subject to change at any time, and it could increase or decrease depending on market conditions.
Axis Bank 2024 Interest Rate For FD
The FD rates offered by Axis Bank range from 3.50 to 7.26 percent per annum. to the general public and 3.50-8.01 percent per year. to senior citizens for periods of seven days to ten years. The Axis Bank Tax Saving FDs have an annual interest rate of 7.0%. for everyone else and 7.75 percent annually. for five-year deposits made by senior citizens. For non-resident aliens, the bank also offers a variety of fixed deposit products, including NRO, NRE, RFC, and FCNR (B) fixed deposits. Fixed deposits in American dollars (USD), British pounds sterling (GBP), euros, Australian dollars (AUD), Canadian dollars (CAD), and Japanese yen (JPY) are accepted by Axis Bank. RFC fixed deposits can be made in USD, GBP, EUR, AUD, and CAD at the bank.
An important thing to remember about an FD’s interest rate is that it is paid not only to the depositor but also to any other parties who hold any portion of the deposited amount in trust for the depositor. This includes other financial institutions and governments that may have pledged portions of the deposit as collateral in case of a default by another party holding that portion of the deposited funds. Thus, an FD’s interest rate serves as a guarantee against losses if anything goes wrong with any party holding that portion of funds in trust for another party.
Axis Bank 2024 Interest Rate For FD Details
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About Axis Bank FD
With its headquarters in Mumbai, Maharashtra, Axis Bank Limited is a well-known Indian banking and financial services company. It is thought to be India’s third-largest private sector bank. Under its retail banking services, it provides a wide range of financial services, including deposits, loans, corporate banking services like Demat accounts for equity capital markets and investments in mutual funds, and international banking services.
Customers of Axis Bank can secure a portion of their savings for a predetermined period of time by choosing from a variety of fixed deposit options. By safeguarding their funds and making prudent future use of them, depositors benefit from the competitive interest rates on Axis Bank Fixed Deposits. At the time of account opening, customers are required to make a minimum deposit. Additionally, the FD amount cannot be withdrawn until the maturity period.
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Features and Benefits of Axis Bank Fixed Deposit
- Senior residents can profit higher financing cost over standard client’s rates
- Selection office is given by the bank
- The base store sum expected to book a FD with Pivot Bank is Rs. 5000
- Profit cutthroat financing costs on momentary stores with a Hub Bank FD account
- One can book a FD account in an issue free way with Hub Bank
- Credits up to 90% can be profited against your Hub Bank Fixed Stores
- Pivot Bank offers many fixed stores to browse
Axis Bank FD Interest Rates 2024
Axis Bank Fixed Deposit Rates on Domestic Deposits of less than Rs 2 crore w.e.f. 2024
| Tenure | Regular Citizens | Senior Citizens |
| 7 days to 14 days | 3.50% | 3.50% |
| 15 days to 29 days | 3.50% | 3.50% |
| 30 days to 45 days | 3.50% | 3.50% |
| 46 days to 60 days | 4.00% | 4.00% |
| 61 days to less than 3 months | 4.50% | 4.50% |
| 3 months to less than 4 months | 4.75% | 4.75% |
| 4 months to less than 5 months | 4.75% | 4.75% |
| 5 months to less than 6 months | 4.75% | 4.75% |
| 6 months to less than 7 months | 5.75% | 6.00% |
| 7 months to less than 8 months | 5.75% | 6.00% |
| 8 months to less than 9 months | 5.75% | 6.00% |
| 9 months to less than 10 months | 6.00% | 6.25% |
| 10 months to less than 11 months | 6.00% | 6.25% |
| 11 months to 11 months 24 days | 6.00% | 6.25% |
| 11 months 25 days to less than 1 year | 6.00% | 6.25% |
| 1 year to 1 year 4 days | 6.75% | 7.50% |
| 1 year 5 days to 1 year 10 days | 6.75% | 7.50% |
| 1 year 11 days to 1 year 24 days | 6.75% | 7.50% |
| 1 year 25 days to less than 13 months | 7.10% | 7.85% |
| 13 months to less than 14 months | 6.75% | 7.50% |
| 14 months to less than 15 months | 6.75% | 7.50% |
| 15 months to less than 16 months | 6.75% | 7.50% |
| 16 months to less than 17 months | 6.75% | 7.50% |
| 17 months to less than 18 months | 6.75% | 7.50% |
| 18 months to less than 2 years | 6.75% | 7.50% |
| 2 years to less than 30 months | 7.26% | 8.01% |
| 30 months to less than 3 years | 7.00% | 7.75% |
| 3 years to less than 5 years | 7.00% | 7.75% |
| 5 years to 10 years | 7.00% | 7.75% |
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NRO Fixed Deposit Interest Rates on Deposits less than Rs 2 crore w.e.f. 11 February 2024
| Tenure | Interest Rates (p.a.) |
| 7 days to 14 days | 3.50% |
| 15 days to 29 days | 3.50% |
| 30 days to 45 days | 3.50% |
| 46 days to 60 days | 4.00% |
| 61 days to less than 3 months | 4.50% |
| 3 months to less than 4 months | 4.75% |
| 4 months to less than 5 months | 4.75% |
| 5 months to less than 6 months | 4.75% |
| 6 months to less than 7 months | 5.75% |
| 7 months to less than 8 months | 5.75% |
| 8 months to less than 9 months | 5.75% |
| 9 months to less than 10 months | 6.00% |
| 10 months to less than 11 months | 6.00% |
| 11 months to less than 11 months 25 days | 6.00% |
| 11 months 25 days to less than 1 year | 6.00% |
| 1 year to 1 year 4 days | 6.75% |
| 1 year 5 days to 1 year 10 days | 6.75% |
| 1 year 11 days to 1 year 24 days | 6.75% |
| 1 year 25 days to less than 13 months | 7.10% |
| 13 months to less than 14 months | 6.75% |
| 14 months to less than 15 months | 6.75% |
| 15 months to less than 16 months | 6.75% |
| 16 months to less than 17 months | 6.75% |
| 17 months to less than 18 months | 6.75% |
| 18 Months to less than 2 years | 6.75% |
| 2 years to less than 30 months | 7.26% |
| 30 months to less than 3 years | 7.00% |
| 3 years to less than 5 years | 7.00% |
| 5 years to 10 years | 7.00% |
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Advantages of Fixed Deposit
- Offers a free from any potential harm venture choice for risk unwilling financial backers
- Fixed loan fees that stay unaltered during the residency of the FD, in this manner offering a security net against market unpredictability
- Adaptable residencies Select the FD residency so it matches the time period expected for your different necessities
- Realizing the specific development sum can help plan for your future necessities
- Simple to recover or pull out if there should be an occurrence of any crisis
- Put resources into single amount sum or regularly scheduled payments, contingent upon your income
- Senior residents searching for ordinary pay can choose choice of month to month interest installment
- Benefit a credit against your FD without pulling out it, at a lower financing cost than an unstable advance
- Take overdraft against your FD and pay revenue just the sum you use, while rest of the FD sum keeps on procuring interest
- Get charge exclusion up to Rs 1.5 lakh by putting resources into an expense saver FD.
FD Calculator Axis Bank
The Axis Bank FD Calculator from can be used to determine the maturity amount and interest that the depositor will receive at the end of the deposit tenure. By providing information such as the deposit amount, bank FD rate, and deposit tenure, customers who wish to invest in Fixed Deposits can check the maturity amount and interest earned.
Also Read- Central Bank 2024 Interest Rate For FD
How to invest in Axis Bank FD?
An Axis Bank FD account can be opened via different modes like Internet Banking and offline. Investing in any financial institution is a serious decision, and it’s important to do your research and make an informed decision. One way to do this is by checking the company’s financial stability and performance. You can do this through their annual reports and quarterly conference calls.
Another thing to consider is the bank’s overall customer satisfaction rating, which can be found online or through consumer surveys. You should also look at how well they are managing their assets and how they are performing financially. Lastly, you should consider their overall reputation and trustworthiness, as well as their history of providing services to clients in different markets around the world. In summary, it’s important to do your research before choosing a bank to invest your money in.
Open FD Account Through Axis Bank Internet Banking
To open an Axis Bank FD account through internet banking, follow the steps below:
- Go to your Internet Banking account and select the “Deposit” option.
- Select the option to “Create Fixed Deposit.”
- Provide all necessary information and details about the nominee.
- The amount of the fixed deposit will be transferred from the Savings Account to the Fixed Deposit account following confirmation. A web receipt for the
- fixed deposit will be sent to depositors immediately.
If the Fixed Deposit advice is created successfully, it will be sent to a registered email address or sent in person to the communication address. In addition, depositors have one business day after booking the deposit to download the FD advice through internet banking.
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Opening Axis Bank FD Offline
One must visit the Axis Bank branch closest to them in order to open an Axis Bank FD account offline. Complete the Axis Bank FD application form and provide all required supporting documents. After that, make the necessary deposits to open the fixed deposit. An FD receipt will be provided by the Axis Bank if the application is processed successfully.
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