Axis Bank Fixed Deposit (FD) lets you earn attractive returns on your investment. You can open the account online by depositing a minimum of Rs.5,000. If you are applying through any of the bank's branches, you have to deposit a minimum of Rs.10,000 to open this account.
The FD tenure ranges from 7 days to 10 years. The bank also provides an automatic roll-out facility through which the interest you earn gets credited to a designated account or to a different account.
How to Calculate Axis Bank Fixed Deposit Interest Rate
You can use an online Axis Bank FD calculator to calculate the interest you can earn on your investment and the maturity amount. The entire process is simple and hassle-free. All you need to do is enter the relevant details regarding your investment, including the type of customer, type of fixed deposit, principal amount, and tenure.
Here's an example. Suppose you have deposited Rs.50,000 in your Axis Bank FD account for a tenure of 1 year. Here's a complete breakdown of how much you can earn depending upon the axis bank fd rates throughout the tenure:
Axis Bank Fixed Deposit Calculator
|
Tenure |
Rates (p.a.) |
Maturity amount for Rs.50,000 |
|
7 to 29 days |
3.5% |
Rs.50,139 |
|
30 to 45 days |
5.5% |
Rs.50,339 |
|
46 days to 6 months |
6.25% |
Rs.51,541 |
|
6 to 9 months |
6.75% |
Rs.52,947 |
|
9 months to 1 year |
7.1% |
Rs.53,550 |
As per the calculation, you will earn Rs.3,350 as interest at the end of the tenure. It's always recommended to invest for a longer period of time so as to get better returns on your investment.
