Money won’t grow in your mattress.
It will grow in a Fixed Deposit!
  • loading

    Overview of Axis Bank Fixed Deposit  and 2 other FDs

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    3.5% - 7.5% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6.25% - 7% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know

    Overview of Axis Bank Fixed Deposit is Rated as "Excellent!" by 86 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    About Axis Bank:

    The third largest private bank of India, Axis Bank offers a wide range of financial products like loans, credit cards, investment and insurance to its Indian and NRI customers. The bank has a network of nearly 2,402 branches and the largest ATM network in India with nearly 12,922 ATMs spread across the country. Apart from its strong national presence, Axis Bank has a global presence with seven international offices located in Singapore, Hong Kong, and Dubai etc.

    Axis Bank Fixed Deposits:

    Axis Bank offers simple Reinvestment Fixed Deposits wherein you can invest for a minimum period of 6 months. At the end of each quarter, the interest accumulated on your deposit is rolled over and capitalized along with the principal amount. The bank will calculate your interest on the total amount after accounting for tax deducted at the source. The bank offers various fixed deposit schemes varying in tenures and interest rates.

    Benefits & Features of Axis Bank Fixed Deposit:

    • With Axis Bank Fixed Deposits, you can avail the facility of automatic roll-over on maturity. This is applicable for both the principal amount and interest.
    • You can invest for a minimum period of 6 months.
    • Requires a minimum investment of ₹ 10,000.
    • Enjoy competitive interest rates on your fixed deposits.
    • It offers NRE and NRO Fixed Deposits for the NRIs. NRE Fixed Deposit interest rate is 8.90% at Axis Bank. The same rate applies to NRO deposit accounts as well.
    • Enjoy a hassle-free FD account opening process at the comfort of your home/office.
    • Transfer your funds smoothly 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. Also, you are free to open your FD account at any branch of your choice.

    Axis Bank Fixed Deposit Plus

    The Axis Bank Fixed Deposit Plus account is a newly-launched differential interest rates scheme. With this scheme, customers receive an additional 10 bps (0.10%) interest rates on their deposits. There are different deposit types within this scheme including Short Term Deposits, Reinvestment Deposits, Quarterly and Monthly Payout Deposits. The scheme is available only for single deposits exceeding Rs.15 lakhs. The Fixed Deposit Plus scheme is applicable for tenures including and above 1 year and less than 2 years. For deposits below 6 months, interest is calculated as per simple interest and compound interest calculations are applicable on deposits above 6 months, compounded quarterly.

    Premature withdrawal is not available under normal circumstances for this account. Customers can apply for preclosure of account only in the case of bankruptcy, winding up, deceased or directions from regulator/court/liquidator/receiver. In such cases, a premature withdrawal penalty will be applicable and the rate of interest will be as per the latest rates from the bank instead of the quoted rate at the time of account inception. Auto-renewal cannot be opted for this particular scheme.

    Axis Bank FD Eligibility:

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

    Minimum/Maximum amount required to open an FD account with Axis Bank:

    The minimum amount required to open an FD account is ₹ 10,000. However, the bank accepts deposits up to ₹ 100 crores and above.

    Minimum/Maximum deposit tenures of Axis Bank FDs:

    You can open an FD account with Axis Bank for a minimum period of 7 days, and a maximum period of 10 years.

    Axis Bank FD Interest Rates:

    Axis Bank Fixed Deposit interest rates vary based on different tenures and the amount deposited. The bank offers 9.40% as highest interest rate on its fixed deposits. The lowest interest rate provided by the bank is 3.50%. 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.

    Are Loans Provided Against FDs at Axis Bank?

    Yes, 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 ₹ 25,000 with Axis Bank Fixed Deposits.

    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.

    Axis Bank FD for Senior Citizens:

    Seniors citizens are allowed to open their FD accounts with Axis Bank. They are eligible to get 9.40% interest on their FDs, if they invest between ₹ 3 crore to ₹ 5 crore. They can invest for a minimum period of 7 days to a maximum period of 10 years.

    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”. The interest rates of Axis Bank tax saver Fixed Deposits differ based on different categories of applicant. For example, the interest rate is 8.50% for regular depositors (including HUF and individuals), 9.00% for senior citizen and 9.50% for staff. In case of normal fixed deposit plans, tax is deducted at source as per the regulations of the Income Tax Act, Government of India.

    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.

    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.

    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.

    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.

    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.

    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.

    Does Axis Bank offer 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 8.40% as its highest rate of interest for NRE deposits. This interest rate is applicable for investing less than Rs. 1 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 8.40% for investing Rs. 1 crore and above. 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 without giving prior notification to NRIs.

    News About Axis Bank Fixed Deposit

    • Open your child’s bank account with Axis Bank

      In a bid to encourage savings and help the child learn money management, Axis Bank has launched savings accounts for children and junior savings account. In case the child is below 10 years of age, the parents are authorized by the bank to operate the account. Parents can transfer money from their account on a weekly/monthly basis. The account for metro cities should have a minimum monthly balance of Rs. 25000.

      The bank's offers are different for metro/urban cities and rural areas. In metro/urban areas, the a penalty of Rs. 5 for the shortfall of Rs. 100 or Rs. 100, whichever is lower will be waived off if the minimum balance is maintained. The account holder must maintain an average monthly balance of Rs. 2,500 per month; or a term deposit of Rs. 25,000 for minimum six months; or Rs. 2,000 recurring deposit for minimum one year.

      In rural areas, half-yearly service fee of Rs. 5 per Rs. 100 of shortfall or Rs. 500, whichever is lower, is waived off. A half-yearly balance of Rs. 1,000, or term deposit of Rs. 25,000 for minimum six months tenure; or Rs. 2000 recurring deposit for minimum one year should be maintained.

      19th November 2015

     Loading your search... Loading your search...
  • Axis Bank Fixed Deposit Reviews

    • Axis Bank Fixed Deposit
      "Its good investment"
      0.5 4.5/5 "Excellent!"
      I have invested one lakh in fixed deposit with AXIS bank. Its going to matured in this august, Then I would be getting around Rs.1.12,000. I have opened this FD through online and I will be getting the amount same to my account. AXIS gave me premature withdrawal, I can close whenever I want.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 13, 2017
    • Axis Bank Fixed Deposit
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I had invested in fixed deposit account with the Axis bank and the minimum tenure is around five years of time. Response is a good one with them and everything was done through online. Net banking services are working in an excellent way and it is really wonderful.
      Was this review helpful? 1
      , kolkata
      Reviewed on Apr 25, 2017
    • Axis Bank Fixed Deposit
      "Very good services"
      0.5 4.5/5 "Excellent!"
      Opening a fixed deposit at Axis bank was pretty simple and unlike the past where one has to visit the bank to get this facility. I could do it online and it was very much simple as I am an existing customer. I am also happy with the interest rate offered.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Feb 20, 2017
    • Axis Bank Fixed Deposit
      "Truly the best"
      0.5 3.5/5 "Pretty good"
      AXIS Fixed deposit is truly the best, I am not happy with the communication the customer service can actually improve and the bank is not good. It would be great if they send alerts in terms of letting the customer know the FD is going to mature and whether it is good or not and how much amount I will get in turn.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Feb 10, 2017
    • Axis Bank Fixed Deposit
      "Truly the best"
      0.5 3.5/5 "Pretty good"
      AXIS Fixed deposit is truly the best, I am not happy with the communication the customer service can actually improve and the bank is not good. It would be great if they send alerts in terms of letting the customer know the FD is going to mature and whether it is good or not and how much amount I will get in turn.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Feb 10, 2017
    • Axis Bank Fixed Deposit
      "Convenient to Open"
      0.5 4.0/5 "Great!"
      There was no processing fee for FD opening through online, AXIS FD was really convenient to save the money, I could pay from 5000 or above its for three years. Without visiting to the branch I had opened my FD account through online it was really hassle free.
      Was this review helpful? 4
      , ghaziabad
      Reviewed on Nov 23, 2016
    • Axis Bank Fixed Deposit
      "Better"
      0.5 5.0/5 "Blown Away!"
      I have the fixed deposit account with the Axis bank and the interest rate was very low. Customer service is very good with the Axis bank and I have not found any drawbacks with them. I used to transact a lot with them. Interest rate will be compounded annually.
      Was this review helpful? 11
      , thane
      Reviewed on Apr 27, 2016
    • Axis Bank Fixed Deposit
      "Best "
      0.5 4.0/5 "Great!"
      I have got the fixed deposit with the Axis bank and I have opened this account before some long time. Response with the Axis bank is good and the online banking services are good. The interest got compounded annually with the Axis bank and I have opted for five years deposit.
      Was this review helpful? 3
      , coimbatore
      Reviewed on Apr 26, 2016
    • Axis Bank Fixed Deposit
      "Excellent !!!!"
      0.5 5.0/5 "Blown Away!"
      For the fixed deposit axis bank is giving 7% interest rate . If the lock in period is above 45 days they give 8% and for above 180 days they give 9% interest rate. Minimum amount to deposit is Rs.25,000. There is no penalty if we withdraw the amount in between the lock in period.
      Was this review helpful? 13
      , bharuch
      Reviewed on Mar 31, 2016
    • Axis Bank Fixed Deposit
      "Banking"
      0.5 5.0/5 "Blown Away!"
      First of all I want to thank the entire team of bank bazaar for providing such a wonderful and amazing platform for all of us to select which suits us best from the rest. I selected Axis Bank which provided a good interest rate and it got through properly and quickly. Thank you once again..
      Was this review helpful? 14
      , kolkata
      Reviewed on Mar 08, 2016
    • Axis Bank Fixed Deposit
      "Our bank..."
      0.5 5.0/5 "Blown Away!"
      My salary come to this account so I started depositing with the Axis bank. Just my money will be safe and if any emergency comes I can withdraw or break the fixed deposit. The penalty is about one percentage. Whatever the rate of interest from that they deduct one percent. If the interest rate is 8% they give 7% incase of partial drop.
      Was this review helpful? 4
      , lucknow
      Reviewed on Mar 01, 2016
    • Axis Bank Fixed Deposit
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have taken a fixed deposit a couple of times from Axis Bank. The services are good. I can do it online. And I can also cancel it online. The rate of interest is good. But it has been fluctuating as per the RBI rules. There are no charges for any of the online facilities.
      Was this review helpful? 16
      , hyderabad
      Reviewed on Feb 06, 2016
    • Axis Bank Fixed Deposit
      "Wonderful..."
      0.5 4.0/5 "Great!"
      Axis bank is great and in regards to fixed deposit rate of interest they are constant to the market. Private banks are more comfortable and very good than the public bank. Almost ten years I am using their services and using it for fixed deposit.
      Was this review helpful? 9
      , hyderabad
      Reviewed on Jan 29, 2016
    • Axis Bank Fixed Deposit
      "Easy to start a plan!"
      0.5 5.0/5 "Blown Away!"
      Initailly I was planning to open the fixed deposit through online banking. Later on I decided to open that account on reaching the Axis branch. I just filled a form to open the account. The amount deposited is 50K and the tenure is of 6 months with the interest rate of 7.50%.
      Was this review helpful? 10
      , mumbai
      Reviewed on Jan 26, 2016
    • Axis Bank Fixed Deposit
      "Best interest rate "
      0.5 5.0/5 "Blown Away!"
      I am getting 8.20% interest rate for the fixed rate . The minimum lock in period is for seven days.We can also with draw the amount in between the lock in period but they will charge 1-2% as the breaking charges. No activation fee for this plan.
      Was this review helpful? 16
      , aurangabad
      Reviewed on Dec 17, 2015
    • Axis Bank Fixed Deposit
      "Incorrect information"
      0.5 5.0/5 "Blown Away!"
      AXIS Bank FD is fine. I am holding this FD for a period of 2 months. The most interesting part is the customer support . The customer support has given a wrong information. The information pertaining to Interest earned on FD is 5 % per annum however I was told that it is 5% per month . No other option was there so I am bound to accept it.
      Was this review helpful? 12
      , pune
      Reviewed on Nov 30, 2015
    • Axis Bank Fixed Deposit
      "Rate is high for fixed deposit.."
      0.5 4.0/5 "Great!"
      Rate of interest is the main reason to take the fixed deposit. Axis bank is offering interest of 8.5% for the fixed deposit. Most probably they provide over draft but never inquired about the same. Rate is compounding where it accumulates in quarterly basis.
      Was this review helpful? 6
      , mumbai
      Reviewed on Nov 19, 2015
    • Axis Bank Fixed Deposit
      "Easy to deposit"
      0.5 4.0/5 "Great!"
      I am having the fixed deposit with the Axis bank. The minimum lock in period is around 5 years and I deposited around 50000 Rupees. Rate of interest is okay with them and I choose them because I am having the salary account with them. Customer services are good with them.
      Was this review helpful? 6
      , chennai
      Reviewed on Nov 12, 2015
    • Axis Bank Fixed Deposit
      "Save Your Money With Axis....."
      0.5 4.0/5 "Great!"
      I am sure that my money will be safe with axis bank. It was easy for me to start up with fixed deposit with them. The maturity period is 3.5 years. They used to deduct the money from my salary every month. The rate of interest is 45%, really high. I took this through my company. Even I am planning to have one more FD.
      Was this review helpful? 8
      , chennai
      Reviewed on Sep 28, 2015
    • Axis Bank Fixed Deposit
      "Good service.."
      0.5 5.0/5 "Blown Away!"
      I am maintaining a fixed account with AXIS Bank. Its a joint account. Till now I did not faced any issues with this bank. They resolved the queries an all immediately. I am happy with their customer service and I am happy with this account also.
      Was this review helpful? 5
      , belgaum
      Reviewed on Sep 21, 2015
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.