Axis Bank NRE / NRO / NRI / FCNR FD Rates
Axis Bank offers Term Deposit schemes for Non to Resident Indians (NRIs). Fixed Deposits (FDs) are available as Non to Resident External (NRE) Deposits, Non to Resident Ordinary (NRO) FDs and Foreign Currency Non to Resident (Bank) Deposit (FCNR (B).
Fixed deposit Plus FDs cannot be prematurely withdrawn.
Key Axis Bank NRI FD Rates
- Highest Axis Bank NRE Fixed Deposit rate: 7.10% p.a.
- Highest Axis Bank NRO Term Deposit rate: 7.10% p.a.
- Highest Axis Bank FCNR (B) FD rate:
- Euro (EURO): 3.35% p.a.
- US Dollar (USD): 5.25% p.a.
- Pound Sterling (GBP): 5.00% p.a.
- Japanese Yen (JPY): 0.01% p.a.
- Australian Dollar (AUD): 4.40% p.a.
- Canadian Dollar (CAD): 4.65% p.a.
Axis Bank NRE Term Deposit Rates Less Than Rs.2 Cr
Tenure | Rate of Interest (p.a.) |
1 year to 1 year 4 days | 6.70% |
1 year 5 days to 1 year 10 days | 6.70% |
1 year 11 days to 1 year 24 days | 6.70% |
1 year 25 days to less than13 months | 6.70% |
13 months to less than 15 months | 6.70% |
15 months < 16 months | 7.10% |
16 months to less than 17 months | 7.10% |
17 Months to less than 2 years | 7.10% |
2 years to less than 30 months | 7.10% |
30 months to less than 3 years | 7.10% |
3 years to less than 5 years | 7.10% |
5 years to 10 years | 7.00% |
Note: The interest rates mentioned in the table are effective from 09 February 2024.
Axis Bank Interest Rates on NRO Deposits Less Than Rs.2 Crore
Tenure | Interest Rates (p.a.) |
7 days to 14 days | 3.00% |
15 days to 29 days | 3.00% |
30 days to 45 days | 3.50% |
46 days to 60 days | 4.25% |
61 days < 3 months | 4.50% |
3 months < 4 months | 4.75% |
4 months < 5 months | 4.75% |
5 months < 6 months | 4.75% |
6 months < 7 months | 5.75% |
7 months < 8 months | 5.75% |
8 months < 9 months | 5.75% |
9 months < 10 months | 6.00% |
10 months < 11 months | 6.00% |
11 months to 11 months 24 days | 6.00% |
11 months 25 days < 1 year | 6.00% |
1 year to 1 year 4 days | 6.70% |
1 year 5 days to 1 year 10 days | 6.70% |
1 year 11 days to 1 year 24 days | 6.70% |
1 year 25 days < 13 months | 6.70% |
13 months < 14 months | 6.70% |
14 months < 15 months | 6.70% |
15 months < 16 months | 7.10% |
16 months < 17 months | 7.10% |
17 months < 18 months | 7.10% |
18 Months < 2 years | 7.10% |
2 years < 30 months | 7.10% |
30 months < 3 years | 7.10% |
3 years < 5 years | 7.10% |
5 years to 10 years | 7.00% |
Note: The interest rates mentioned in the table are effective from 09 February 2024.
Axis Bank FCNR (B) Fixed Deposit Rates
Tenure | CAD | AUD | EURO | GBP | USD |
1 year to less than 2 years | 4.65 | 4.40 | 3.35 | 5.00 | 5.25 |
2 years to less than 3 years | 3.30 | 3.75 | 0.01 | 4.00 | 3.95 |
3 years to less than 4 years | 2.90 | 3.60 | 0.01 | 0.01 | 3.65 |
4 years to less than 5 years | 2.70 | 3.55 | 0.01 | 0.01 | 3.30 |
5 years | 2.70 | 3.55 | 0.01 | 0.01 | 3.30 |
Note: The interest rates mentioned in the table are effective from 05 February 2024.
Axis Bank Interest Rates on NRI Fixed Deposit Plus Scheme
Tenure | Rs.2 cr to Rs.5 cr | Rs.5 cr to Rs.10 cr | Rs.10 cr to Rs.25 cr | Above Rs.25 cr |
1 year to 1 year 4 days | 7.75 | 7.75 | 7.75 | 7.83 |
1 year 5 days to 1 year 10 days | 7.75 | 7.75 | 7.75 | 7.83 |
1 year 11 days to 1 year 24 days | 7.55 | 7.55 | 7.55 | 7.60 |
1 year 25 days < 13 months | 7.55 | 7.55 | 7.55 | 7.60 |
13 months < 14 months | 7.55 | 7.55 | 7.55 | 7.60 |
14 months < 15 months | 7.55 | 7.55 | 7.55 | 7.60 |
15 months < 16 months | 7.45 | 7.45 | 7.45 | 7.45 |
16 months < 17 months | 7.45 | 7.45 | 7.45 | 7.45 |
17 months < 18 months | 7.45 | 7.45 | 7.45 | 7.45 |
18 Months < 2 years | 7.45 | 7.45 | 7.45 | 7.45 |
2 years < 30 months | 7.20 | 7.20 | 7.20 | 7.20 |
30 months < 3 years | 7.20 | 7.20 | 7.20 | 7.20 |
3 years < 5 years | 7.20 | 7.20 | 7.20 | 7.20 |
5 years to 10 years | 7.20 | 7.20 | 7.20 | 7.20 |
Note: The interest rates given here are valid as of 09 February 2024.
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FAQs on Axis Bank NRI Fixed Deposit
- What is the minimum and maximum deposit for Axis Bank NRI, NRE, and NRO fixed deposits?
The minimum deposit for Axis Bank NRI, NRE, and NRO fixed deposits is Rs.5 crore.
- What are the interest payout options available for Axis Bank NRI fixed deposits?
The interest payouts available for Axis Bank NRI fixed deposits are monthly, quarterly, and on maturity of the FD.
- How much TDS is deducted on Axis Bank NRI fixed deposits?
For Axis Bank NRI fixed deposits, Tax Deducted at Source (TDS) is taken at 30% plus education cess on the interest earned on the FDs.
- Are the funds from Axis Bank NRI fixed deposits repatriable?
Yes, the funds from Axis Bank NRI fixed deposits are fully repatriable.
- Do I have to pay tax on the interest earned on my Axis Bank NRI FD account?
No, the interest component on Axis Bank NRI FD is tax free.
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