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    Axis Bank NRE / NRO / NRI / FCNR FD Rates

    Axis bank, the third largest (private) bank in the country, Axis bank offers a wide range of financial services to MSME, Mid and large corporates, retail businesses and agriculture. Axis Bank has 2589 branches in India in addition to over 12,300 ATMs. Axis Bank offers various products and services from personal and NRI banking to agri and rural banking services among others.

    Axis Bank Fixed Deposit Interest Rates

    Axis Bank offers NRE, NRO and FCNR fixed deposit schemes at attractive interest rates. On NRO fixed deposits, TDS at 30% is deducted plus education cess on earned interest. It is important to note that customers cannot opt for NRO Fixed Deposit for less than six months via the internet banking mode. For FCNR deposits, simple interest is calculated (360 days) for 1 year. For deposits with tenure over 1 year, interest is calculated on a half-yearly compounding basis. No penalty charges for individual NRE deposits under Rs.5 crore. Also, no interest is payable for foreclosure under one year.

    Axis Bank Non - Resident External (NRE) FD Rates

    The following are the interest rates offered by Axis Bank for NRE FDs with effect from 8 June, 2018:

    NON-RESIDENT EXTERNAL (NRE) DEPOSITS: Less than 1 Crore to 5 Crore

    Tenure Interest Rate (less than Rs.1 Crore) Interest Rate (Rs.1 Crore to less than  Rs.5 Crore)
    1 year to less than 14 months 7.10% 7.30%
    14 months to less than 3 years 7.00% 7.25%
    3 years to 10 years 7.00% 7.00%

    NON-RESIDENT EXTERNAL (NRE) DEPOSITS: Rs.5 Crore to less than Rs.25 Crore

    Tenure Interest Rate (Rs.5 crore to less than Rs.10 crore) Interest Rate (Rs.10 crore to less than  Rs.25 crore)
    1 year to less than 1 year 11 days 7.70% 7.70%
    1 year 11 days to less than 13 months 7.65% 7.65%
    13 months to less than 3 years 7.30% 7.30%
    3 years to 10 years 7.00% 7.00%

    NON-RESIDENT EXTERNAL (NRE) DEPOSITS: Rs.25 Crore to less than Rs.100 Crore

    Tenure Interest Rate (Rs.25 Crore to less than Rs.50 Crore) Interest Rate (Rs.50 Crore to less than Rs.100 Crore)
    1 year to less than 1 year 11 days 7.70% 7.70%
    1 year 11 days to less than 13 months 7.65% 7.65%
    13 months to less than 3 years 7.30% 7.30%
    3 years to 10 years 7.00% 7.00%
         

    Axis Bank Non-Resident Ordinary (NRO) Fixed Deposits Interest Rates: Less than 1 Crore to 5 Crore

    Tenure Interest Rate (less than Rs.1 Crore) Interest Rate (Rs.1 Crore to Rs.5 Crore)
    7 days to 29 days 3.50% 5.50%
    30 days to 45 days 5.50% 6.00%
    46 days to 60 days 6.00% 6.30%
    61 days to less than 3 months 6.00% 6.50%
    3 months to less than 6 months 6.00% 6.75%
    6 months to less than 9 months 6.25% 6.90%
    9 months to less than 1 year 6.50% 6.90%
    1 year to less than 14 months 7.10% 7.30%
    14 months to less than 3 years 7.00% 7.25%
    3 years to 10 years 7.00% 7.00%

    Axis Bank FCNR (B) Deposit Interest Rates

    The following are the interest rates for FCNR deposits with effect from May 29, 2018:

    Tenure JPY CAD >AUD EURO GBP USD
    5 years 0.05% 2.10% 2.80% 0.10% 1.60% 3.85%
    4 years to below 5 years 0.05% 2.05% 2.80% 0.10% 1.60% 3.40%
    3 years to below 4 years 0.05% 2.00% 2.65% 0.10% 1.60% 3.70%
    2 years t below 3 years 0.05% 1.85% 2.60% 0.10% 1.55% 3.65%
    18 months to below 3 years 0.05% 1.75% 2.50% 0.10% 1.35% 3.65%
    1 year to below 18 months 0.05% 1.75% 2.50% 0.10% 1.35% 3.75%
    1 year 0.05% 1.75% 2.50% 0.10% 1.35% 3.75%
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