Axis Bank Fixed Deposit Rates 2025

Axis Bank fixed deposit rates differ significantly depending on the tenure. For example, a 60-day FD offers an interest rate of 4.25%, while a 6-month FD provides 4.75%. Additionally, senior citizens enjoy higher interest rates, ranging from 0.50% to 0.75% more than the regular rates, based on the chosen term of deposit.

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Axis Bank Fixed Deposit Rates for General and Senior Citizens

The rate of interest in FD in Axis Bank below ₹3 crore ranges between 3% and 7.25% for general citizens. Senior citizens' FD interest rates for the same principal range between 3.50% and 7.75%. Thus, the bank offers 0.50% higher interest rates to senior citizens.

Term-Wise Axis Bank Fixed Deposit Rates

The term-wise Axis Bank fixed deposit rates for FD amounts below ₹3 crore are as follows:

Long-term: Axis Bank's long-term FD for a tenure between 5 years to 10 years offers 7% to general citizens and 7.75% to senior citizens. Thus, senior citizens get a 0.75% higher interest rate in the long term.
Medium-term: The medium-term FD in Axis Bank has a tenure between 1 year to 5 years with interest rates between 6.70% and 7.25% for regular citizens. Axis Bank provides 7.20% to 7.75% for senior citizens for this tenure.
Short-term: Axis Bank's short-term FD ranges between 7 days to less than 1 year. The interest rate for regular citizens is 3% to 6% while for senior citizens is 3.50% to 6.50%.

If a senior citizen books an FD of ₹5,00,000 at 7.75% for 10 years, he will receive an interest of ₹5,77,281 and the maturity value will be ₹10,77,281. Thus, at the given interest rate, he/she can double his money in 10 years.

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Benefits of Axis Bank Fixed Deposit Rates

Here are the benefits of Axis Bank Fixed deposit rates:

The rates for regular citizens are as high as 7.25%.
Senior citizen FD rates are 0.50% higher than regular rates for all tenures except for 5 years to 10 years. For the mentioned tenure, the rate is 0.75% higher than regular rates.
Axis Bank allows interest payout at regular intervals or on maturity.
Interest on FD above 6 months is compounded quarterly.

Eligibility to Avail Axis Bank Fixed Deposit Rates

To avail Axis Bank FD interest rates you need to belong to the following categories:

Resident Indians, which includes minors under guardianship
Hindu Undivided Families (HUF)
Sole proprietorship firms
Joint stock companies
Partnership firms
Trusts

Documents Required to Get Axis Bank Fixed Deposit Rates

Here are the documents you need as an individual to open Axis Bank fixed deposits:

PAN Card
Aadhar card, driving license, voter card, or passport, for KYC

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Premature Withdrawal of Axis Bank FD

Axis Bank levies a penalty of 1% on the applicable interest rate, on premature fixed deposit liquidation. In addition, the bank allows partial premature withdrawal of up to 25% of the principal amount without any penalty on the effective interest rate.

Tax on Axis Bank Fixed Deposit Interest

Axis Bank offers tax-saving FD wherein the minimum and maximum deposit amounts are ₹100 and ₹1.5 lakh. This FD allows you to save tax up to ₹1.5 lakh every financial year under Section 80C of the Income Tax Act.

Notably, interest from fixed deposits is taxable across all banks in India including Axis Bank. A TDS (Tax Deducted at Source) applies when the annual interest in a financial year exceeds ₹40,000 or ₹50,000 for general or senior citizens respectively.

If you provide PAN card details, the applicable TDS rate is 10%, otherwise it is 20%. You can avoid TDS deduction by the bank by submitting form 15G (general citizens) or 15H (senior citizens) as applicable.

Why Should You Book Fixed Deposits with Stable Money?

Stable Money allows you to book multiple fixed deposits with leading banks and NBFCs without opening a savings account. In addition, you can avail high interest rates of up to 9.50% with the Stable Money-partnered banks and NBFCs.

Our 24 * 7 customer support assists you in FD booking if required. You can book an FD from any location by comparing the FD rates of different banks under a single platform. Our partnered banks provide FD certificates and all your fixed deposits are insured under Deposit Insurance Credit Guarantee Corporation (DICGC) up to ₹5 lakh, as per Reserve Bank of India guidelines.