Axis Bank Fixed Deposit Interest Rates 2025 - Latest FD Rates

Axis Bank offers reliable fixed deposit options with assured returns, flexible tenures, and preferential rates for senior citizens. FD rates are periodically revised based on RBI policy, liquidity, and market conditions.

An Axis Bank FD is more than just a savings instrument; it's a versatile financial product with a host of features designed to meet various needs.

• Assured Returns and Security: You get a fixed return on your investment, shielding you from market volatility. The fixed deposit is considered one of the safest investment avenues.
• Flexible Tenure and Payouts: You can choose from a wide range of tenures ranging from 7 days to 10 years to suit your financial needs. Furthermore, you have the flexibility to choose from monthly, quarterly, or cumulative interest payouts, which can be particularly useful for retirees or those seeking a regular income stream.
• Premature Withdrawal with Conditions: While FDs are meant for a fixed term, Axis Bank provides a premature withdrawal facility in case of an emergency, though a small penalty may apply. It's important to note that the penalty is typically around 1% of the interest. However, for digital FDs, Axis Bank offers one free premature withdrawal of up to 25% of the deposit amount.
• Preferential Rates for Senior Citizens: The Axis Bank offers a higher rate of interest for senior citizens, ensuring they get more value from their retirement savings.
• Loan and Credit Card Facility: You can avail of a loan against your FD, typically up to 90% of the deposit value, without breaking the FD. This provides liquidity in times of need. Similarly, you can get a credit card against your FD, which is a great way to build credit history.

Axis Bank offers various FD schemes to meet different investment goals.

• Regular Fixed Deposit: This is the standard FD for all customers.
• Tax Saving FD: This tax saving FD scheme has a lock-in period of 5 years and helps you save up to ₹1.5 lakh in income tax under Section 80C of the Income Tax Act.
• Axis Auto Fixed Deposit: This scheme links your savings accounts to your FD, converting any surplus funds into a fixed deposit.
• Fixed Deposit Plus: A special FD for high-value deposits of ₹3 crore and above, offering different interest rates.

Axis Bank provides flexibility in interest payouts. You can choose from:

• Cumulative Option: The interest earned is compounded and paid out along with the principal at maturity. This is ideal for those who want to maximize their returns.
• Non-Cumulative Option: You can receive interest payouts at regular intervals (monthly, quarterly, or half-yearly). This is beneficial for individuals who need a steady stream of income.

To open an Axis Bank FD, you will need to provide standard KYC (Know Your Customer) documents.

• Identity Proof: PAN Card, Aadhaar Card, Passport, Voter ID Card, or Driving License.
• Address Proof: Aadhaar Card, Passport, or recent utility bills.
• Photographs: Two recent passport-size photographs.
• For NRIs: Additional documents will be required, such as a valid passport and visa.

• Interest is taxable as per income slab.
• TDS applies when annual interest exceeds:
  1. ₹40,000 (General)
  2. ₹50,000 (Senior Citizens)
• TDS = 10% with PAN and 20% without PAN.
• Submit Form 15G/15H to avoid TDS (if eligible).

Borrow without breaking your FD:

• Loan up to 90% of FD value
• Interest = FD rate +1-2%
• FD keeps earning full interest.

An Axis Bank credit card against an FD is a fantastic choice for people who want to establish their credit history or who don't have a steady source of income. You can obtain a credit card with a limit determined by the amount of your deposit by using it as collateral.

Opening an Axis Bank FD is quick and easy.