Axis Bank Tax Saving FD

Axis Bank offers a variety of financial products and services, including FDs at various tenures and interest rates. Among these FDs, the Axis Bank Tax Saving FD scheme is a highly popular investment option among depositors. This scheme allows tax deductions of up to ₹1.5 lakhs within a financial year under Section 80C and comes with a 5-year lock-in period. The Axis Bank Tax Saver FD interest rate is 7% p.a. for general citizens and 7.75% p.a. for senior citizen depositors.

Let’s explore more about the AXIS Bank Tax Saving FD scheme, its interest rates, eligibility criteria and other important details.  

Account TypeAXIS Bank Tax Saving FD
AmountMinimum – ₹100
Maximum – ₹1.5 lakhs
TenureMinimum – 5 years
Maximum – No data available 
Interest RateSenior Citizen – 7.75% p.a.
General Public – 7.00% p.a.
Loan FacilityNA

Axis Bank Tax Saving Fixed Deposit Scheme Interest Rate

Type of InvestorTenureInterest Rate
General Citizen5 years7.00% p.a.
Senior Citizen5 years7.75% p.a.

How to Open an Axis Bank Tax Saving Fixed Deposit?

You can open a Tax Saving FD at Axis Bank both online and offline. Check out the steps mentioned below:


You can open a Tax Saver Fixed Deposit account online in Axis Bank via Internet banking. The steps to follow for opening this account are as follows:

Step 1: Visit the Axis Bank Internet Banking portal and log in to your account. 

Step 2: Tap on the ‘Deposit’ option. 

Step 3: After that, select ‘Create Tax Saver Fixed Deposit’. 

Step 4: Provide all the necessary details regarding your deposit as well as the nominee’s details.

Step 5:  Enter the amount you want to invest in your tax savings deposit account.

Step 6: Once you have confirmed the details, the chosen deposit amount will be debited from your savings account. The tax saver FD will be created instantly.

The bank will immediately issue an FD receipt. This receipt will be sent to your registered email address. The deposit’s value date and applicable interest rate will be based on the day of your request, which is when your savings account is debited.


Follow the steps given below, to open a Tax Saving Fixed Deposit account:

Step 1: Visit your nearest Axis Bank branch.

Step 2: Fill out the application form provided for the Tax Saver FD.

Step 3: Submit all the essential documents like PAN Card, Aadhar Card, etc., along with the application form. 

After this, the bank will proceed to create your Tax Saving Fixed Deposit. Make sure to collect the FD receipt from the bank officials.

Axis Bank Tax Saver FD Eligibility Criteria

If you want to benefit from the Tax Saver FD rates, you need to fulfil the following eligibility requirements:

  • Indian residents (including general and senior citizens)
  • Hindu Undivided Families (HUFs)

Documents Required for Axis Bank Tax Saver FD

Here are some of the important documents which you need to submit for opening an AXIS Bank Tax Saver FD:

  • A valid passport or an updated driving licence.
  • An introduction from either another bank or a person having an existing Axis Bank Savings Account for at least six months.
  • PAN Card
  • A recent photograph.

Now that you have a clear understanding of Tax Saver FD by Axis Bank, you can decide whether this scheme aligns with your needs. It is an excellent choice if you wish to reduce your tax burden and gain interest income at the same time.


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