Axis Bank FD Rates 2023: Explore Latest Fixed Deposit Rates

Axis Bank FD Rates 2023: Investing in an Axis Bank Fixed Deposit ensures a steady and effortless growth of your earnings. With attractive interest rates, multiple interest payout options, and zero penalties on premature closure, it stands out as an ideal investment for your hard-earned money.

Axis Bank offers a diverse range of Fixed Deposits (FDs) that provide a good rate of return along with various benefits. Some notable features of Axis Bank FDs include a nomination facility, flexible tenure options, auto-renewal facility, different interest payout options, and a loan/overdraft facility. Opening an Axis Bank FD online is quick and hassle-free, allowing you to invest with ease in a paper-free manner. Axis Fixed Deposit Rates

Axis Bank FD Rates: Unlocking the Key Benefits

Open a fixed deposit for a period spanning 7 days to 10 years with Axis Bank, allowing you to save a lump sum amount. Fixed deposits are not only advantageous for saving but also serve tax purposes, especially when you invest in a tax-saver fixed deposit. The process is made convenient as you can open an FD online through Axis Bank, ensuring a quick and easy procedure. Simply log in to Axis Mobile or Axis Bank Internet Banking to get started. Axis Fixed Deposit Rates

Axis Bank presents attractive rates, flexibility, and security for your fixed deposits, with additional interest benefits for senior citizens. Enjoy the convenience of booking your deposit through Netbanking, Mobile App, and the automatic renewal facility. The minimum investment amount can be as low as INR 5000/-

Axis Bank FD Rates

Here are the applicable Fixed Deposit Interest Rates for the mentioned tenures, effective from June 29, 2023. The revised interest rates are as follows:

(All figures in % per annum)

For Domestic & NRE*/NRO Retail Fixed Deposits For the Public

Sr. No.	PERIOD	Below Rs. 2 Crore	RS. 2 Crore < RS.2.30 Crore	RS. 2.30 Crore < RS.2.40 Crore
1.	7 days to 14 days	3.50	4.80	4.75
2.	15 days to 29 days	3.50	5.00	4.75
3.	30 days to 45 days	3.50	5.50	4.75
4.	46 days to 60 days	4.00	6.00	4.75
5.	61 days < 3 months	4.50	6.25	4.75
6.	3 months < 4 months	4.75	6.50	4.75
7.	4 months < 5 months	4.75	6.50	4.75
8.	5 months < 6 months	4.75	6.50	4.75
9.	6 months < 7 months	5.75	6.65	4.75
10.	7 months < 8 months	5.75	6.65	4.75
11.	8 months < 9 months	5.75	6.65	4.75
12.	9 months < 10 months	6.00	6.75	5.00
13	10 months < 11 months	6.00	6.75	5.00
14.	11 months to 11 months 24 days	6.00	6.75	5.00
15.	11 months 25 days < 1 year	6.00	6.75	5.00
16.	1 year to 1 year 4 days	6.75	7.25	5.00
17.	1 year 5 days to 1 year 10 days	6.80	7.25	5.00
18.	1 year 11 days to 1 year 24 days	6.80	7.25	5.00
19.	1 year 25 days < 13 months	6.80	7.25	5.00
20.	13 months < 14 months	7.10	7.25	5.00
21.	14 months < 15 months	7.10	7.25	5.00
22.	15 months < 16 months	7.10	7.15	5.00
23.	16 months < 17 months	7.10	7.15	5.00
24.	17 months < 18 months	7.10	7.15	5.00
25.	18 Months < 2 years	7.10	7.15	5.00
26.	2 years < 30 months	7.05	7.00	5.00
27.	30 months < 3 years	7.00	7.00	5.00
28.	3 years < 5 years	7.00	7.00	5.00
29.	5 years to 10 years	7.00	7.00	5.00

2. For Domestic & NRO Retail Monthly Payout Fixed Deposits for SENIOR CITIZENS – LESS THAN 5 CRORES*

Sr. No.	PERIOD	BELOW RS. 2 Crore	RS. 2 Crore < RS.2.30 Crore	RS. 2.30 Crore < RS.2.40 Crore
1.	7 days to 14 days	3.50	4.80	4.75
2.	15 days to 29 days	3.50	5.00	4.75
3.	30 days to 45 days	3.50	5.50	4.75
4.	46 days to 60 days	4.00	6.00	4.75
5.	61 days < 3 months	4.50	6.25	4.75
6.	3 months < 4 months	4.75	6.50	4.75
7.	4 months < 5 months	4.75	6.50	4.75
8.	5 months < 6 months	4.75	6.50	4.75
9.	6 months < 7 months	6.00	6.90	5.00
10.	7 months < 8 months	6.00	6.90	5.00
11.	8 months < 9 months	6.00	6.90	5.00
12.	9 months < 10 months	6.25	7.00	5.25
13.	10 months < 11 months	6.25	7.00	5.25
14.	11 months to 11 months 24 days	6.25	7.00	5.25
15.	11 months 25 days < 1 year	6.25	7.00	5.25
16.	1 year to 1 year 4 days	7.50	8.00	5.75
17.	1 year 5 days to 1 year 10 days	7.55	8.00	5.75
18.	1 year 11 days to 1 year 24 days	7.55	8.00	5.75
19.	1 year 25 days < 13 months	7.55	8.00	5.75
20.	13 months < 14 months	7.85	8.00	5.75
21.	14 months < 15 months	7.85	8.00	5.75
22.	15 months < 16 months	7.85	7.90	5.75
23.	16 months < 17 months	7.85	7.90	5.75
24.	17 months < 18 months	7.85	7.90	5.75
25.	18 Months < 2 years	7.85	7.90	5.75
26.	2 years < 30 months	7.80	7.75	5.75
27.	30 months < 3 years	7.75	7.75	5.75
28.	3 years < 5 years	7.75	7.75	5.75
29.	5 years to 10 years	7.75	7.75	5.75

Axis Bank FD Eligibility Criteria

Axis Bank welcomes both new and existing customers to open a Fixed Deposit. The following types of customers are eligible to open fixed deposit accounts: Individuals, Minors, Proprietorship, HUF (Hindu Undivided Family), Registered and Unregistered Body, Cooperative Society, Trusts, Partnerships, NGO, and Private Limited. Axis Fixed Deposit Rates

To apply for an Axis Bank FD, you will need:

1. A valid passport or a valid driving license.
2. An introduction by any other bank or an introduction by an Axis Bank Savings Account holder for the last six months.
3. A photograph.

In the case of Trust, additional documents required are:

1. Copy of the Trust Deed.
2. Copy of the registration certificate.
3. Copy of the Resolution of Trustees authorizing the members concerned to open and operate the account.
4. Photographs of the members operating the account.

How to Apply for Axis Bank FD

Customers can book Fixed Deposits through any of the following channels:

Apply Through Internet Banking

1. Login to Internet Banking and select the deposit option. To login, CLICK HERE.
2. Click on Create Fixed Deposit.
3. Fill in the required account and nominee details.
4. On confirmation, the selected amount will be debited from your Savings Account, and your Fixed Deposit will be created instantly. You will receive a web receipt of the Fixed Deposit booked instantly.
5. Post-creation, the Fixed Deposit advice will be mailed to your registered e-mail id if you are registered for e-statement. In case you are not registered for e-statement, physical advice will be dispatched to your communication address. Also, you will be able to view the Fixed Deposit advice in Internet Banking after one working day of deposit booking.

Apply Through Mobile Banking

1. Login to Mobile Banking and select the deposit option.
2. Select the option Open FD.
3. Fill in the required account and nominee details.
4. On confirmation, the selected amount will be debited from your Savings Account, and your Fixed Deposit will be created instantly. You will receive a web receipt of the Fixed Deposit booked instantly.
5. Post-creation, the Fixed Deposit advice will be mailed to your registered e-mail id if you are registered for e-statements. In case you are not registered for e-statements, physical advice will be dispatched to your communication address. Also, you will be able to view the Fixed Deposit advice in Mobile Banking after one working day of deposit booking.

Apply Through Branch: Visit your nearest Axis Bank branch to open Fixed Deposit.

Eligibility

• Resident Indians
• Hindu Undivided Families
• Sole proprietorship firms
• Partnership firms
• Limited companies
• Trust accounts

Axis Bank FD Rates 2023 FAQ