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  • Axis Bank RD Interest Rates - August 2017

     4.5 / 5.0   by 41 users
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    Promised Interest Rate

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    Responsiveness

    Axis Bank Interest Rate On Deposits Below RS. 1 Crore

    PERIODROI for Regular Customer (% P.A.)ROI for Senior Citizens (% P.A.)
    6 months < 7 months6.506.75
    7 months < 8 months6.506.75
    8 months < 9 months6.506.75
    9 months < 10 months6.757
    10 months < 11 months6.757
    11 months < 1 year6.757
    1 year < 13 months77.5
    13 months < 14 months77.5
    14 months < 15 months77.5
    15 months < 16 months77.5
    16 months < 17 months77.5
    17 months < 18 months77.5
    18 Months < 2 years6.57
    2 years < 30 months6.256.75
    30 months < 3 years6.256.75
    3 years < 5 years6.256.75
    5 years to 10 years6.256.75

    Axis Bank offers two attractive RD schemes - one for regular customers in India and the other for Non-Resident Indians(NRIs) - NRE/NRO Recurring Deposit. The recurring deposit for Resident Indians offers the opportunity make a stable investment over chosen deposit period, through monthly deposits. The investment term can range from 12 months to 120 months. For Non-Resident Indians(NRIs), Axis Bank offers the NRE/NRO Recurring Deposit scheme which can be opened online and the depositors can choose from a tenure option ranging from a minimum period of 1 year to 10 years. Indians who reside in USA, the Middle East, Africa, Canada, U.K, Australia, Europe, Singapore and other bank approved countries, can avail this scheme.

    The interest rate offered on Axis Bank RD depends on various factors such as - the tenure of investment or maturity period and the accumulated amount available in the RD account when the interest rate is applied on a quarterly basis.

    Axis Bank’s Short-Term Recurring Deposit Interest Rates

    Depositors can choose to hold a recurring deposit in Axis bank for a minimum term of one year. The rate of interest on a recurring deposit in Axis Bank for funds lesser than Rs. 1 crore, deposited for a short term of 1 Year to less than 14 months is 7.00%. Likewise, the interest rate applicable on recurring deposit placed in Axis Bank for a tenure of 2 Years to 3 years is 6.75%.

    Axis Bank’s Medium and Long Term Recurring Deposit Interest Rates

    Axis Bank offers medium and long term recurring deposits to regular customers at highly beneficial rates of interest. For a medium-term of 3 Years to less than 5 years, the interest rate offered on deposits worth up to Rs.1 crore is 6.75%. The rate of interest offered for a recurring deposit of less than Rs. 1 Crore is 6.75% per annum for a long-term tenure of 5 years up to a period of not more than 10 years, for regular customers.

    Axis Bank’s Senior Citizen RD Rates

    Interest rates vary according to the tenure of the recurring deposit and other related conditions. Senior citizens can avail an additional 0.50% over and above the standard interest rates offered to regular customers. A senior citizen recurring deposit scheme held for a period of 12 months to less than 14 months is offered an interest rate of 7.50% and for a period of 2 years to 3 years, the interest rate applicable on the RD is 7.25%. For a tenure of 3 years up to 5 years, the interest rate on RD is 7.25% and for a tenure of 5 years up to 10 years, the rate of interest offered by Axis Bank is 7.25%.

    Axis Bank’s NRI/NRE RD Rates

    NRIs are offered a deposit tenure ranging from not less than 1 to not more than 10 years. The depositor can make a minimum deposit of Rs.1,000 and can then extend it by multiples of Rs.500.

    More you need to know about Recurring Deposit

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    News About Axis Bank Recurring Deposit

    • Axis Bank Reduce Interest Rates of Recurring Deposits

      Axis Bank has reduced the interest rates of its recurring deposit (RD) schemes recently. The interest rate for deposits of 1 year to below 14 months has come down to 7% from 7.5%. The rate for deposits of 15 months to below 2 years has also been reduced to 7% from 7.1%. The bank has also made changes in the RD interest rate for senior citizens. They will now receive 7.5% for deposits of 1 year to below 14 months and for deposits of 15 months to below 2 years.

      3rd April 2017

    • Axis Bank Recurring Deposit Rates Revised

      The interest rates associated with the Axis Bank recurring deposits have been revised. For a tenure of 1 year to less than 2 years, the RD rates stand at 7.75% for the senior citizens and 7.25% for all other people. Same rates are also applicable for other tenures – 2 years to 3 years, 3 years to 5 years and 5 years to 10 years. For Non-Resident Indians(NRIs), Axis Bank offers the NRE/NRO Recurring Deposit scheme which can be opened online and the depositors can choose from a tenure option ranging from a minimum period of 1 year to 10 years. Indians who reside in USA, the Middle East, Africa, Canada, U.K, Australia, Europe, Singapore and other bank approved countries, can avail this scheme.

      10th November 2016

    • Revised Axis Bank Recurring Deposit Rates

      Axis Bank has recently updated the interest rates applicable on its Recurring Deposits (RD) portfolio. The same are listed herein:

      RD with tenure ranging from 1 year to/less than 2 years will command 7.5% (this was 7.90% earlier). The same percentage of 7.5% applies on the subsequent tenors ranging from 2 years to/less than 3 years, and the incremental 3 years to/less than 5 years. Both these tenures were worth 7.75% earlier.

      RD with tenure ranging from 5 years to 10 years will now be worth 7.25%. This range used to command 7.50% earlier.

      The rates applicable for senior citizens has also been suitably updated. Traditionally, there is an addition of 0.50% for each condition corresponding to the regular tenure. Thus, 1 year to less than 2 years = 8% (this was 8.40% earlier), 2 years to 5 years = 8% (this was 8.25% earlier) and 5 years to 10 years = 7.75% (this was 8.00% earlier).

      22nd April 2016

    Recurring Deposit - Sitemap

    Axis Bank RD Rates Reviews

  • Page 1 of 3 1 2 3
    • Axis Bank Recurring Deposit
      "Good"
      AXIS BANK
      0.5 3.0/5 "Satisfactory"
      I got the Recurring deposit with the Axis bank and the interest rate is around 7.5% . Total tenure is for two years of time but I can withdraw it at anytime, also I am satisfied with their interest rate. Online services are working in good way and the response is also good one.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • Axis Bank Recurring Deposit
      "Rate should be increased"
      AXIS BANK
      0.5 3.0/5 "Satisfactory"
      I opened my Axis Recurring deposit through Online, I used to pay Rs.1000 every month for one year. But there is no much benefits on it, If I pay Rs. 12000 for 12 months, I will be getting only Rs.12495 rupees. Axis RD interest rate is very low. I wish them to give better offer to the customer.
      Was this review helpful? 18
      , bangalore
      Reviewed on Feb 01, 2017
    • Axis Bank Recurring Deposit
      "Convenient to Open or close RD"
      AXIS BANK
      0.5 5.0/5 "Blown Away!"
      Through Mobile app I had downloaded recurring deposit account. Every month one particular amount gets debited from my account, Benefits would be same as other banks. But one major benefits in AXIS, To open or close the account it was very easy through online and there will be no additional charges for the discontinue of RD before the tenure.
      Was this review helpful? 6
      , ghaziabad
      Reviewed on Nov 23, 2016
    • Axis Bank Recurring Deposit
      "Good "
      AXIS BANK
      0.5 4.0/5 "Great!"
      The rate offered for the recurring deposit is around 12%.They follow the traditional rules so no flexibility offered for the customer.I get the details related to the recurring process from the online system.The overall process of recurring deposit is good.
      Was this review helpful? 8
      , bangalore
      Reviewed on Jun 13, 2016
    • Axis Bank Recurring Deposit
      "Fantastic"
      AXIS BANK
      0.5 5.0/5 "Blown Away!"
      I have the recurring deposit with the Axis bank and the interest rate was around 9.50%. Response is good with the and the interest will not be compounded, also the customer service is better one with the Axis bank.
      Was this review helpful? 10
      , pune
      Reviewed on Apr 04, 2016
    • Axis Bank Recurring Deposit
      "Satisfactory"
      AXIS BANK
      0.5 4.0/5 "Great!"
      I have taken my recurring deposit with Axis Bank. The services are good. They have a very good portal. I could open this account online. The rate of interest is average. There are no charges too. I did not face any hassles yet. Good experience overall.
      Was this review helpful? 5
      , indore
      Reviewed on Feb 22, 2016
    • Axis Bank Recurring Deposit
      "Good Services"
      AXIS BANK
      0.5 5.0/5 "Blown Away!"
      I hold a recurring deposit with Axis Bank. I been using this facility for the last three years. It is very convenient too. I can do it online. I do not have to visit the branch even to close the policy. The rate of interest is good. It was 8% and then it is 7%.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Feb 06, 2016
    • Axis Bank Recurring Deposit
      "Wonderful"
      AXIS BANK
      0.5 4.0/5 "Great!"
      I have the recurring deposit with the Axis bank. The rate of interest is around 7% to 8% per annum and the services are fine with them Axis bank and I cant say its bad. Its easy to tack the account in online. There are no issues with the Axis bank.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 16, 2015
    • Axis Bank Recurring Deposit
      "Very Good services"
      AXIS BANK
      0.5 5.0/5 "Blown Away!"
      I have recently opened a recurring deposit with Axis bank. It has just been five months. It was a process. They have good rate of interest. The services are very good from them. They respond well too. Overall a good experience.
      Was this review helpful? 2
      , ludhiana
      Reviewed on Nov 23, 2015
    • Axis Bank Recurring Deposit
      "Axis is best for recurring deposit.."
      AXIS BANK
      0.5 4.0/5 "Great!"
      Earlier I had two recurring deposits which been closed and took it one recently. For recurring deposit the interest is more in Axis bank than other banks. Before taking the deposit compared with multiple banks where I found Axis bank as best.
      Was this review helpful? 2
      , mumbai
      Reviewed on Nov 19, 2015
    • Axis Bank Recurring Deposit
      "Nice RD"
      AXIS BANK
      0.5 5.0/5 "Blown Away!"
      Axis bank RD is fine the interest rate offered by them was 8.9% its high when compared with others. It was initially 8.9% now it has got reduced to 8.75% . Its very easy to open the RD and all I did was I have downloaded the mobile application and after which I had placed a request for that.
      Was this review helpful? 3
      , bangalore
      Reviewed on Nov 09, 2015
    • Axis Bank Recurring Deposit
      "Flexible Tenure!"
      AXIS BANK
      0.5 5.0/5 "Blown Away!"
      Axis bank is offering 8.5% as interest rate for the Recurring deposit. I already completed around 5 RD account with them. The tenure period is very flexible for the RD account. Rather than reaching branch, I can open the RD account using the Internet banking facility.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Nov 04, 2015
    • Axis Bank Recurring Deposit
      "All is good"
      AXIS BANK
      0.5 3.0/5 "Satisfactory"
      I am holding a recurring deposit with Axis bank. I can directly go online and place a request for this RD. There is no need for me to visit the branch it is just a click away. It would hardly a day or two to open this deposit and nothing much to comment about it.
      Was this review helpful? 1
      , navi mumbai
      Reviewed on Nov 02, 2015
    • Axis Bank Recurring Deposit
      "Good for saving money "
      AXIS BANK
      0.5 4.0/5 "Great!"
      Triple advantage plan from Axis bank which depend upon the gold and the share market. If share increase the gold rate decrees and if gold increases share rate is decreased. Minimum amount to start the plan is Rs. 1000. No activation and maintenance.To activate we have to visit the branch.
      Was this review helpful? 1
      , vadodara
      Reviewed on Oct 12, 2015
    • Axis Bank Recurring Deposit
      "Good service"
      AXIS BANK
      0.5 5.0/5 "Blown Away!"
      I am having the recurring deposit with the Axis bank. 8.5% is the rate of interest per annum and I set up the minimum lockin period for 2 years of time. Customer service and the responsiveness are fine with them and I am banking with them from the last one year of time.
      Was this review helpful? 1
      , chennai
      Reviewed on Sep 16, 2015
    • Axis Bank Recurring Deposit
      "Excellent"
      AXIS BANK
      0.5 5.0/5 "Blown Away!"
      I have the recurring deposit account with the Axis bank. Customer service is good with them and I have the good relationship with them. They used to resolve the issue within an hour of time. For every month they used to debit money from every month.
      Was this review helpful? 1
      , chennai
      Reviewed on Sep 09, 2015
    • Axis Bank Recurring Deposit
      "It is good.."
      AXIS BANK
      0.5 4.0/5 "Great!"
      Interest rate was more than 8% for the recurring deposit in Axis bank and ultimately I opened this on online. Using the net banking we can choose the mode of payment and the interest rate had accumulated on monthly basis as I selected that option. Axis bank is doing good.
      Was this review helpful? 3
      , chennai
      Reviewed on Sep 03, 2015
    • Axis Bank Recurring Deposit
      "Good Response!!"
      AXIS BANK
      0.5 5.0/5 "Blown Away!"
      The recurring deposit from the Axis bank is good. It is my salary account and I am having this deposit for the past 2 years. The rate of interest given for this recurring deposit is 9.25%. There is no processing fee charged for this deposit from the second year. There is proper response from the bank offered everytime I visit this bank.
      Was this review helpful? 1
      , mundra
      Reviewed on Jul 28, 2015
    • Axis Bank Recurring Deposit
      "Good "
      AXIS BANK
      0.5 4.5/5 "Excellent!"
      Axis bank RD is good. I am using this card to invest in something . Once when the amount is matured I will transfer the amount to insurance. The rest I would retain with me. This was taken through an agent and this would be done through auto debit. I myself can change the maturity instructions online.
      Was this review helpful? 1
      , chennai
      Reviewed on Jun 22, 2015
    • Axis Bank Recurring Deposit
      "good"
      AXIS BANK
      0.5 4.0/5 "Great!"
      I got the recurring deposit with Axis bank.It was before a year.There was no locking period for me , as I am having the corporate account with them.When I require I can get that.Its the very good service.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Jun 16, 2015
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