• Axis Bank Fixed Deposit

    Axis Bank offers fixed deposits that can be easily opened online as well. Flexible repayment tenures range from 7 days to 10 years. Minimum investment of Rs.5,000 for online bookings with no upper limit. Senior citizens are given higher interest rates than the general public for tenures starting from 6 months.

    Axis Bank FD

    Benefits & Features of Axis Bank Fixed Deposit:

    • Automatic roll-over on maturity that is applicable for both the principal amount and interest.
    • Minimum period of investment is 7 days.
    • Minimum investment is Rs.5,000 for online bookings.
    • Minimum investment is Rs.10,000 if booked at a bank branch.
    • NRE Fixed Deposit and NRO Fixed Deposits for NRIs.
    • NRE and NRO fixed deposit interest rate ranges from 5.15% to 5.50% p.a. for deposits less than Rs.2 crore.
    • Hassle-free and convenient opening process from anywhere.
    • Smooth transfer of funds from your savings account to higher interest producing fixed deposits.
    • Flexibility in choosing your branch and deciding the tenure and maturity date of your FDs.
    • Open your FD account at any Axis Bank branch.

    Axis Bank Fixed Deposit Plus

    This is a newly launched Axis Bank Fixed Deposit Plus scheme with the following features:

    • Higher rate of returns compared to regular FDs.
    • Available for both Indian residents and NRIs.
    • Available for both retail and corporate customers.
    • Minimum investment of Rs.5 crore.
    • No maximum limit on investment.
    • Flexible tenure ranging from 7 days to 10 years.
    • Two interest options – simple and compound.

    Axis Bank FD Interest Rates:

    Axis Bank Fixed Deposit interest rates vary based on different tenures and the amount deposited. For deposits up to Rs.2 crore, the bank offers 5.50% as the highest interest rate for tenures ranging from 5 years to 10 years while the lowest interest rate provided by the bank is 2.50% for tenures ranging from 7 days to 2 months. However, these interest rates are subject to change depending on the changes in market, and the bank’s internal liquidity requirements. The bank can change its FD interest rates without giving prior notice to the customers.

    Axis Bank FD Eligibility:

    Indian resident individuals, NRIs and senior citizens are allowed to open their FD accounts with Axis Bank.

    Loans Against Axis Bank FD

    Axis bank provides loans against its fixed deposits. You can use your fixed deposits to fulfil your financial requirements, and also enjoy the following benefits:

    • Get funds up to 85% of the value of your fixed deposits.
    • Interest payable only on the amount used, and for the period of utilization.
    • Access overdraft account with cheque book, ATM and Internet Banking.
    • Overdraft facility available.
    • Funds available at competitive rates.

    You can borrow a minimum amount of Rs.25,000 with Axis Bank Fixed Deposits.

    Axis Bank FD for Senior Citizens:

    Senior citizens get higher interest rates. For a deposit of up to Rs.2 crore, the interest rate ranges from 2.50% to 6.50% p.a. They can invest for a minimum period of 7 days to a maximum period of 10 years.

    Axis Bank FDs for NRIs

    Axis Bank offers NRE, NRO, RFC and FCNR fixed/term deposits to NRIs. The NRE deposits offered by Axis Bank can be opened for a maximum period of 10 years. The bank offers 5.75% p.a. as its highest rate of interest for NRE deposits. This interest rate is applicable for investing up to Rs.2 crore.

    Likewise, an NRO term deposit can also be opened for a maximum period of 10 years. The highest rate of interest offered for NRO term deposits is also 5.75% p.a. for investing up to Rs.2 crore.

    FCNR deposits are offered for a maximum period of 5 years. You can open it through your FCNR (B) account. Axis Bank FCNR term deposit can be opened in six currencies which include USD, GBP, EURO, AUD, CAD and JPY. The bank offers different interest rates for fixed deposits opened in different currencies. By investing in these FCNR deposits, NRIs can get assured returns on their investment. RFC term deposits can be opened for a maximum period of 5 years and a minimum period of 30 days. The deposits can be opened by using the following currencies – USD, GBP, EURO, AUD and CAD. The interest offered for NRE, NRO, RFC and FCNR deposits may change

    Axis Bank Fixed Deposit FAQs

    1. What is the Minimum/Maximum amount required to open an FD account with Axis Bank?

      The minimum amount required to open an FD account is Rs.10,000 if opened from a bank branch but Rs.5,000 if opened online. However, the bank accepts deposits up to Rs.100 crores and above.

    2. Does Axis Bank Charge for Premature Withdrawal of FDs?

      The bank charges a nominal amount of 1% as premature withdrawal charge for its normal fixed deposits. However, NRE term deposits are exempted from the penalty fee.

    3. Does Axis Bank allow joint fixed Deposit account?

      Yes, the bank has the provision for opening an FD account jointly. Joint FD accounts can be opened with a maximum of three applicants.

    4. Does Axis Bank provide Tax Saver FDs?

      Yes, Axis Bank provides tax saver Fixed Deposits to HUFs and Indian residents. Under its tax saver FDs, the bank provides “Single holder Type Deposits" and “Joint holder Type Deposits”. In case of normal fixed deposit plans, tax is deducted at source as per the regulations of the Income Tax Act, Government of India.

    5. Does Axis Bank allow pre-closure of fixed deposit accounts?

      Yes, the bank allows you to pre-close your fixed deposit account. However, it is subject to the terms and conditions specified by the bank from time to time.

    6. How is my interest on fixed deposits calculated at Axis Bank?

      Axis Bank calculates and pays interest on simple interest basis for a deposit opened for less than 6 months. But for fixed deposits of 6 months and above, the bank will calculate interest on a quarterly basis.

    7. Is having a savings bank account mandatory to open a fixed deposit account with Axis Bank?

      No. It is not mandatory to have a savings bank account to open a fixed deposit account with Axis bank. Prior to the FD maturity date, the bank will seek permission for its rollover, or transfer the funds to another bank account specified by the customer.

    8. How to withdraw funds in a fixed deposit from Axis Bank?

      Axis Bank allows withdrawal and encashment of fixed deposits only in the particular branch where the deposit was opened initially. So, you need to contact the branch for its withdrawal.

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    Axis Bank Fixed Deposit Reviews

    • Axis Bank
      "Good Savings scheme"
      0.5 4.0/5 "Great!"
      I have a Fixed deposit in Axis bank. I have invested the money of Rs. 10000 for two FDs. There is a lockin duration of 1 year. They are giving a interest rate of 7%. Through net banking, i have activated this Fixed deposit. There is no tax benefits available. Axis bank service has been good. Overall, I'm happy about their services.
      Was this review helpful? 16
      , kolkata
      Reviewed on Dec 31, 2019
    • Axis Bank
      Axis Bank
      "Interest should be increased for FD"
      0.5 3.0/5 "Satisfactory"
      I have opt for fixed deposit for the tax saving purpose because I have chosen five years tenure with AXIS Bank, still its going on. Only once I Invested my money it has the locking period of five years. I have option to check my transactions through mobile app. But I have concern about the interest rate is very lesser for this FD.
      Was this review helpful? 16
      , hyderabad
      Reviewed on Sep 19, 2019
    • Axis Bank
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have a Fixed deposit account with Axis Bank. I have not faced any difficulties so far on using this account. The customer service is also good so far. Each and every transaction will be safe and secure .There was no drawbacks faced so far. I am very much comfortable in using this account.
      Was this review helpful? 7
      , hyderabad
      Reviewed on Jun 06, 2019
    • Axis Bank
      "Convenient fixed deposit"
      0.5 4.0/5 "Great!"
      My fixed deposit was opened with Axis bank, I invested around Rs. 1 lakh for one year. If I want I can also extend the tenure. I believe the rate of interest is more than 7% for per annum. I can also track the fixed deposit through online banking its more simple.
      Was this review helpful? 11
      , thane
      Reviewed on May 04, 2019
    • Axis Bank
      "Very Assured Fixed deposit"
      0.5 5.0/5 "Blown Away!"
      I opened a Fixed deposit in Axis bank for one year of term period . They sent a physical copy for my fixed deposit which gives a good assurance about that bank . So that my nominee can be aware of my FD and can approach them very easily if something happens to me . I can check the status of my FD through on line itself .
      Was this review helpful? 4
      , hyderabad
      Reviewed on Apr 23, 2019
    • Axis Bank
      "Convenient"
      0.5 4.5/5 "Excellent!"
      I have a Fixed Deposit with Axis Bank because they have offered more interest than ICICI BANK and its been more than 1.5 years. Their customer service is always good. The interest rate is around 7.6% which am not sure. I can manage the account online. I opted for 18 months.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Mar 26, 2019
    • Axis Bank
      "Services are good"
      0.5 5.0/5 "Blown Away!"
      I also bank with Axis Bank for the fixed deposit. The customer support and response is good. There are no hassles in the process. I could open this account online. The lock in period is for one year. The rate of interest they provide on my savings is also satisfactory.
      Was this review helpful? 12
      , pune
      Reviewed on Feb 15, 2019
    • Axis Bank
      "Average bank to avail fixed deposit"
      0.5 4.5/5 "Excellent!"
      I have chosen the Axis bank for my fixed deposit. I have deposited around of Rs. 50000. Since they are providing very good services in their branch. They have offered me a interest rate of 6.5%. I put the money in 2015. I have visited their branch many times and the service is very much prompt. I had no issues with them.
      Was this review helpful? 12
      , hyderabad
      Reviewed on Dec 11, 2018
    • Axis Bank
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have done with the fixed deposit with the AXIS BANK where the mobile application is easy and user friendly to access. It is easy to do the fixed deposit through the application which is paperless approval. The service is good with this bank.
      Was this review helpful? 8
      , chennai
      Reviewed on Dec 01, 2018
    • Axis Bank
      "Hassle Free FD account"
      0.5 4.0/5 "Great!"
      I have saving account hence in an application I can track and maintain the FD account. The bank is providing the interest rate around 6 to 8% for per annum. Its convenient I can open the FD account through app and I close the FD without any hassles. The amount also gets credited immediately to my bank account.
      Was this review helpful? 5
      , bangalore
      Reviewed on Nov 23, 2018
    • Axis Bank
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I've another fixed deposit with the Axis bank under my wife's name. I've deposited 21 lacs in this deposit. The interest rate is good and they disburse the interest quarterly. So far there hasn't been any issues with their services.
      Was this review helpful? 27
      , ahmedabad
      Reviewed on Jul 28, 2018
    • Axis Bank
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I've two fixed deposits with the Axis bank, one is under my name and the second one is under wife's name. I've deposited 7 lacs, the interest rate is very good. They disburse the cumulated interest quarterly and the tenure of the FD is 5 years.
      Was this review helpful? 11
      , ahmedabad
      Reviewed on Jul 28, 2018
    • Axis Bank
      "Good service"
      0.5 4.0/5 "Great!"
      I have a Fixed Deposit with AXIS bank from last 3 months, i am happy with the service they provide. I get good returns on investments. Customer service was very good, they gave all the right information and guided me well. I will get 6.99% on returns after the maturity period.
      Was this review helpful? 7
      , ahmedabad
      Reviewed on May 08, 2018
    • Axis Bank
      "Very Poor Response by BRANCH EMPLOYEE"
      0.5 0.5/5 "Unacceptable"
      Its waste of time & money with axis bank. Don't have enough knowledge, lack of experience, and poor support. I opened a FD ACCOUNT AT AXIS BANK ON 13TH, and still they are unable to update my contact number in my account & cc. Wait....wait and waiting.. Nd branch is located in DELHI. NOW YOU CAN IMAGINE, how they will operate in rural area...
      Was this review helpful? 3
      , new delhi
      Reviewed on Feb 23, 2018
    • Axis Bank
      "Overall good"
      0.5 4.0/5 "Great!"
      I have a two lakh fixed deposit at Axis Bank. The bank is good in this process and the rate of interest is the same when compared to other banks. There is no lock in period and anytime I an withdraw the funds. There are no charges related to this account.
      Was this review helpful? 2
      , new delhi
      Reviewed on Feb 19, 2018
    • Axis Bank
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      Axis Bank is overall good in the banking process. I bank for a fixed deposit and there are no charges taken for this account. The customer support is good and the online banking is very convenient to open and close this account. The rate of interest is also good.
      Was this review helpful? 3
      , ahmedabad
      Reviewed on Feb 09, 2018
    • Axis Bank
      "Good Return"
      0.5 3.0/5 "Satisfactory"
      I had a good investment made an investment in Axis Bank through my Fixed Deposit Account with them. They gave me an interest rate of 8.25%, which I feel is one of the best in the Industry. I took it for a 2 years period and had the option of closing it even before the maturity.
      Was this review helpful? 9
      , mumbai
      Reviewed on Dec 26, 2017
    • Axis Bank
      "Need to improve"
      0.5 1.0/5 "Really Bad"
      I am having the fixed deposit account with the Axis bank and the customer service was not really good like they have to be get improved. I would like to say that the online banking system could be get improved. I have not faced any issues with them till now.
      Was this review helpful? 7
      , bangalore
      Reviewed on Nov 25, 2017
    • Axis Bank
      "Good service"
      0.5 4.0/5 "Great!"
      Even though I don't like the saving account with Axis bank as there is a minimum balance of Rs. 10000 has to be maintained I like the fixed deposit account with Axis bank as that process is simple and smooth and I have it for 2.5 years and also they pay good interests rates of 7.5%.
      Was this review helpful? 7
      , faridabad
      Reviewed on Nov 17, 2017
    • Axis Bank
      "Best"
      0.5 5.0/5 "Blown Away!"
      I am using Axis FD service for last 15 years. The amount differs for a fixed deposit. The interest rate was vey high than other nationalized banks. They providing more benefits to the customers. There is no issues with Axis and am completely satisfied with the service. The most interesting feature is they auto renew the policy or they pay extra charges for late 15 days.
      Was this review helpful? 9
      , kolkata
      Reviewed on Nov 16, 2017
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