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    Axis Bank Fixed Deposit Plus

    The Axis Bank Fixed Deposit Plus plan is created to offer better returns and more flexibility when it comes term deposits. This is a high-value investment plan and the minimum investment that should be made is Rs.15,00,001. The Fixed Deposit Plus by Axis Bank is a go-to option for lump sum investments. Prospective customers will have the freedom to choose the type of interest computation method and the deposit type, among other parameters.

    Amount Tenure Interest Rate (per annum) TDS
    Rs.15,00,001 - No Maximum Limit 7 days - 10 years 3.50% to 7.40% Applicable

    Given below are the revised and updated interest rates offered on Axis Bank Fixed Deposit Plus schemes with effect from June 1, 2018:

    Tenure Regular FD Rate (per annum) Senior Citizen FD Rate (per annum)
    7 days to 29 days 3.50% 3.50%
    30 days to 45 days 5.50% 5.50%
    46 days to less than 6 months 6.25% 6.25%
    6 months to less than 9 months 6.75% 7.00%
    9 months to less than 1 year 7.00% 7.25%
    1 year to less than 14 months 7.50% 8.15%
    14 months to less than 30 months 7.55% 8.20%
    30 months to 10 years 7.25% 7.75%

    *The above interest rates are for deposits that are above Rs.15 lakh to less than Rs.1 crore

    AXIS Bank Fixed Deposit Plus: Interest Rates

    • The interest rates offered by the bank have a competitive edge and can go up to 7.10% p.a., making it a well-paying investment scheme.
    • All senior citizens have the right to get an additional rate of interest. The highest rate paid here is 7.75% p.a.
    • For 30 months to 10 years, the rate paid is 7.00% p.a., and for senior citizens, the rate is 7.50% p.a.

    Axis Bank FD Plus: Features & Benefits

    • High-value investment: When compared to the regular time-deposit scheme, the minimum investment amount is comparatively much higher. This in turn, will only result in higher returns on the investment that is made, giving you a lucrative maturity amount.
    • Choose deposit type: The investor has the complete freedom to choose the type of deposit plus plan such as short-term FDs, reinvestment plans, or quarterly and monthly payout options.
    • Select interest computation method: If the deposit holder chooses to keep the FD for more than 6 months, interest is computed on a quarterly basis. Simple interest will be applicable for those term deposits that are held for less than 6 months.
    • Customised deposit plans: This type of FD plan will allow the customer to create a tailor-made deposit scheme by choosing a convenient tenure and type of deposit option as per individual financial needs and goals.

    Axis Bank Fixed Deposit Plus: Eligibility Criteria

    Eligibility to Open a FD

    • Individuals
    • Joint account but not exceeding 4 applicants
    • Minor with a guardian
    • Partnership
    • Company (Limited)
    • Trusts
    • NRIs
    • HIndu Undivided Families (HUF)

    Documents Required to Open a FD

    • Axis Bank Application Form
    • Depositor’s photograph (2 copies)
    • Identity proof & Address proof as per KYC Norms
    • PAN Card copy/ Form 60 or 61
    • Aadhaar Card Details

    Other highlights of Axis Bank Deposit Plus FD

    • Nomination facility
    • Automatic renewal option after maturity
    • Part withdrawal facility on the deposits
    • Avail loan upto 90% of the deposit amount
    • Online operation for the FD account

    Useful Information on Axis Bank Fixed Deposit

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