What is the highest Axis Bank FD rate for senior citizens?

The highest Axis Bank Senior Citizen FD rate is 7.20% p.a. for deposits between 5 to 10 years.

Is Axis Bank FD Safe for Senior Citizens?

Axis fixed deposits are safe as deposits up to ₹5 lakh per depositor per bank are covered under DICGC insurance.

Can senior citizens get a monthly income from an Axis Bank FD?

Yes. Axis offers non-cumulative fixed deposits where interest can be paid monthly, quarterly, half-yearly, or annually.

What is the minimum amount required to open an Axis Bank Senior Citizen FD?

The minimum amount required to open an Axis Senior Citizen Fixed Deposit is ₹1,000.

Is interest earned on Axis Bank Senior Citizen Fixed Deposits taxable?

Yes. Interest earned on Axis bank Senior Citizen Fixed Deposits is taxable as per the investor's applicable income tax slab. Banks may deduct TDS if annual FD interest exceeds the prescribed threshold limit.

Axis Bank Senior Citizen Fixed Deposit Rates

Name: Axis Bank Senior Citizen FD Rates
Brand: Interest Rates
Rating: 4.8 (10022 reviews)

Axis Bank offers attractive FD rates for senior citizens ranging from 3.50% to 7.20% p.a. across tenures of 7 days to 10 years. Continue reading for the latest Axis Bank Senior Citizen FD rates and special FD schemes for senior citizens.

Axis Senior Citizen FD Snapshot	Details
Highest Senior Citizen FD Rate	7.20%
FD Tenure Range	7 to 10 Years
Minimum FD Amount	Rs. 1000/-
Premature Withdrawal Facility	Available with a penalty of 0.5% to 1%
Loan Against FD	Up to 90% of the fixed deposit amount.

Axis Bank Senior Citizen FD Rates (Less Than ₹3 Crore)

The table below provides a detailed breakdown of Axis bank Senior Citizen FD rates for fixed deposits below ₹3 crore across different tenure options

Tenure	Senior Citizen FD Rates (per annum)
7 days to 14 days	3.50
15 – 29 days	3.50
30 – 45 days	3.75
46 – 60 days	4.50
61 days - 87 days	5.25
88 days – 3 months 24 days	5.50
3 months 25 days < 4 months	5.50
4 months < 6 month	5.50
6 months < 9 months	6.00
9 months < 1 year	6.25
1 year – 1 year 10 days	6.75
1 year 11 days < 13 months	6.75
13 months < 15 months	6.75
15 months < 18 months	6.95
18 Months < 2 years	6.95
2 years < 3 years	6.95
3 years < 5 years	6.95
5 years to 10 years	7.20%

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Use the Axis Bank FD Calculator below to estimate the maturity amount and interest earned on your Axis bank fixed deposit based on your investment amount, tenure, and applicable FD rate.

Axis Bank Senior Citizen FD Rates (Above ₹3 Crore)

Axis offers a separate set of FD interest rates for senior citizens looking to invest more than ₹3 crore, depending on the tenure. Here is a quick breakdown of Axis bank senior citizen FD rates above 3 crore-

Tenure	Senior Citizen FD Rates (per annum)
7 days to 14 days	4.00%
15 – 29 days	4.00%
30 – 45 days	5.30%
46 – 60 days	5.50%
61 days - 87 days	5.80%
88 days – 3 months 24 days	6.10%
3 months 25 days < 4 months	4.75%
4 months < 6 month	6.10%
6 months < 9 months	6.30%
9 months < 1 year	6.55%
1 year – 1 year 10 days	7.35%
1 year 11 days < 13 months	7.15%
13 months < 15 months	7.15%
15 months < 18 months	7.10%
18 Months < 2 years	7.10%
2 years < 3 years	6.90%
3 years < 5 years	6.90%
5 years to 10 years	7.15%

Compare Axis Bank Senior Citizen FD Interest Rates with Other Banks

Several banks currently offer higher interest rates than Axis for specific tenures. The table below compares Axis bank senior citizen fixed deposit rates with other banks' FD rates.

Bank	Highest Rate
Axis Bank	7.20% (5 years to 10 years)
Yes Bank	7.75% 18 < 24 months and 36 to < 60 months)
Shivalik Small Finance Bank	8.30% (21 to 22 Months)
Suryoday Small Finance Bank	8.25% (30 Months)
Utkarsh Small Finance Bank	8.25% (666 Days)
Jana Small Finance Bank	8.00% (370–380 Days)
Mahindra Finance	7.80% (48 to 60 Months)
Indusind Bank	7.75% (24 to 36 Months)
Shriram Finance Bank	7.75% (36 to 60 Months)
Bajaj Finance	7.75% (31 to 60 Months)
RBL Bank	7.70% (18 to 36 months)
Sundaram Finance	7.50% (24 to 60 Months)
ICICI Housing Finance	7.35% (48 to 60 Months)
Indian Bank	7.30% (555 Days)
Kotak Mahindra Bank	7.30% (2 to 3 Years)
Bank of India	7.20% (3 years)
Canara Bank	7.10% (555 Days)
ICICI Bank	7.10% (3 to 5 Years)
SBI	7.05% (5 to 10 Years)
HDFC Bank	7.00% (3 to 4 Years)