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Axis Bank RD Interest Rates

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Axis Bank Recurring Deposit is a good way to start saving money every month. You can open a recurring deposit account with the Axis Bank for tenures ranging from 6 months to 120 months (10 years). The interest rates range from 6.00% to 7.30%, while senior citizens get an additional 0.50% p.a.

Axis Bank Recurring Deposit Interest Rates

The interest rates offered by Axis Bank on its recurring deposit schemes are listed in the table below:

Tenure Regular Interest Rates (p.a.) Senior Citizen Interest Rates (p.a.)
6 to 9 months 6.00% 6.00%
9 to 12 months 6.50% 6.75%
12 months to 1 year 3 Months 6.75% 7.75%
1 year 3 Months to 2 years 7.20% 7.85%
2 to 3 years 7.30% 7.85% 
3 to 5 years 7.30% 7.75%
5 to 10 years 7.00% 7.50%

The interest on RD with Axis Bank is calculated quarterly.

Key Highlights of Axis Recurring Deposits

Minimum Deposit Amount Min: Rs.500
Max: No limit
Tenure Min: 6 months
Max: 10 years
Additional Interest Rate for Senior Citizen Up to 0.65%
TDS on RD Applicable
Premature Withdrawal Allowed
Eligibility Individual, Resident Indian, NRI, Minors, HUF, etc.
Late Penalty Rs.10 per Rs.1000 per month

How to Open an RD Account in Axis Bank

You can open a recurring deposit account with Axis Bank in three ways:

  • By visiting the branch
  • Through net banking
  • Through mobile banking

If you are an existing Axis Bank account holder, use your net banking username and password to log in to your online account and open an e-RD right away. If you are not an Axis account holder, you will have to open an account first. After your account is active, you can log in to net banking and open an e-RD. You will need to download the Axis bank mobile app to open an RD via mobile banking.

Premature Withdrawal Rules

In case of premature withdrawal, ROI will be 1% below the rate applicable for the period the deposit has remained with the bank. If you delay your payments towards the monthly instalments, the bank will charge Rs.10 per Rs.1,000 per month. This means that if your deposit amount is Rs.2,000, the late payment penalty will be Rs.20.

Axis Bank RD Calculator

You can try out online RD calculators to calculate the interest on your RD. There are many websites that offer recurring deposit calculators. The process is simple and hassle-free. All you need to do is enter all the details pertaining to your RD account, including the amount, tenure, and rate of interest.

Say you want to check how much you will earn if you put aside Rs.500 per month in an Axis RD, for a period of 3 years. Put in the monthly instalment amount as Rs.500 and select a tenure of 3 years and 0 months. The calculator will tell you that interest earned will be 7.5% p.a., the maturity value will be Rs.20,227, and the aggregate interest amount that you earn will be Rs.2,227.

Put your money in RD schemes offered by Axis Bank and enjoy competitive rates. However, to enjoy better returns, look for other investment vehicles like mutual funds, fixed deposits, stocks, and bonds, among others.

More you need to know about Recurring Deposit

Read More Articles On RD

Know how to Link Your KYC Dcuments to Axis Bank Account

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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.

    3 April 2017

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Axis Bank RD Rates Reviews

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  • Axis Bank Recurring Deposit
    "GOOD"
    AXIS BANK
    0.5 5.0/5 "Blown Away!"
    I am using the AXIS BANK services since from last 7-8 months, the reason for getting the R.D was it was a salary account. The rate of interest was 7.25%, to open the account it is good. There is a application is good and it is good to use with the bank.
    Was this review helpful? 3
    , bangalore
    Reviewed on Jul 20, 2019
  • Axis Bank
    Axis Bank Recurring Deposit
    "Very good"
    AXIS BANK
    0.5 4.0/5 "Great!"
    I have one more recurring plane I have took this plane last 2 month back , and here I paid 5k every month , and here is same interest 7.5% , and this is only 6 month plane , and their allover service is good , I am happy with this plane and their all service ,
    Was this review helpful? 3
    , chennai
    Reviewed on May 04, 2019
  • Axis Bank Recurring Deposit
    "Very good"
    AXIS BANK
    0.5 4.0/5 "Great!"
    Here is I paid 2k every month my plane is 1 year, and here rate of interest is 7.5% include then gave me , and their allover service is good , never face any problem in this bank , I am happy with this bank and their service ,I have one recurring plane from axis bank ,
    Was this review helpful? 0
    , chennai
    Reviewed on May 04, 2019
  • Axis Bank Recurring Deposit
    "Very good"
    AXIS BANK
    0.5 4.0/5 "Great!"
    I have one recurring plan with axis bank , and here is I paid 3k every month my plan is for a period of 1 year, and here rate of interest is 7.5% include then gave me , and their allover service is good , never face any problem in this bank , I am happy with this bank and their service ,
    Was this review helpful? 1
    , chennai
    Reviewed on May 04, 2019
  • Axis Bank Recurring Deposit
    "Smart saving with Axis"
    AXIS BANK
    0.5 5.0/5 "Blown Away!"
    I used to invest the monthly deposit of Rs. 6000 in Axis bank recurring deposit it has the term of two years, if I want to continue more the term I can prolong it. As per the RBI guideline they give the interest around 5% for per annum. I have option to open and close account through online.
    Was this review helpful? 2
    , pune
    Reviewed on May 03, 2019
  • Axis Bank Recurring Deposit
    "Excellent Service"
    AXIS BANK
    0.5 4.5/5 "Excellent!"
    I had started investing in the Recurring Deposit of AXIS BANK a while back and i had been making a monthly investment of 500. The payment method is simple where i am doing it online. The interest rate which they are offering for the Recurring Deposits are also good.
    Was this review helpful? 1
    , kolkata
    Reviewed on Apr 26, 2019
  • Axis Bank Recurring Deposit
    "Good Investment plan"
    AXIS BANK
    0.5 4.0/5 "Great!"
    Axis bank is giving good service for the recurring deposit . There is no charges for the account They are giving good service with online facility where i can clear all my doubts , Its a short term investment plan where they have given good rate of interest based on the market price . Overall its average investments plan . It has some nominal good returns.
    Was this review helpful? 3
    , ahmedabad
    Reviewed on Jan 23, 2019
  • Axis Bank Recurring Deposit
    "Good Savings plan"
    AXIS BANK
    0.5 3.5/5 "Pretty good"
    I am having a Recurring Deposit account with AXIS bank, i read about the terms and conditions of AXIS bank website. Customer service was good and they responded on time. I pay Rs 1000 every month for 10 years and the interest returns is 7.5%.
    Was this review helpful? 7
    , pune
    Reviewed on Jan 17, 2019
  • Axis Bank Recurring Deposit
    "Good Investment for Future"
    AXIS BANK
    0.5 4.0/5 "Great!"
    The reason to chose AXIS Bank recurring deposit is because I have salary account they are providing good interest. I have locking period of 3 years, every month I need to deposit Rs.5500, I think they have less withdrawal charges before maturity of RD.
    Was this review helpful? 4
    , new delhi
    Reviewed on Jan 14, 2019
  • Axis Bank Recurring Deposit
    "Excellent"
    AXIS BANK
    0.5 5.0/5 "Blown Away!"
    I have closed the recurring deposit with the Axis bank and I have good relationship with them. I would like to say that the rate of interest is a kind of tricky one and it was okay one for me with them. I am okay with their banking services.
    Was this review helpful? 0
    , chennai
    Reviewed on Feb 27, 2018
  • Axis Bank Recurring Deposit
    "Recurring Deposit with AXIS"
    AXIS BANK
    0.5 4.5/5 "Excellent!"
    As I'm holding my salary account with AXIS Bank I decided to maintain a Recurring Deposit account with them. Now I have this account for the past 1 year. They offer me 7 to 8% interest. The funds were auto debited from my salary account to RD account. The interest rates can be improved. Their customer care service is pretty good although they don't bother much about customer satisfaction. Despite being a salary account holder for 2+yrs, they haven't offered me any credit card so far. I am only having their Neo card which is the most basic one. NOT COOL AXIS !!!!!
    Was this review helpful? 6
    , bangalore
    Reviewed on Jan 17, 2018
  • Axis Bank Recurring Deposit
    "Average Service"
    AXIS BANK
    0.5 3.5/5 "Pretty good"
    As I'm holding my salary account with AXIS Bank I decided to maintain a Recurring Deposit account with them. Now I have this account for the past 1 year. They offer me 7 to 8% interest. The funds did not auto debited from my salary account to this RD account. Every month I had to visit the bank. After 4 months then this problem got rectified. The interests can be improved.
    Was this review helpful? 0
    , delhi
    Reviewed on Oct 09, 2017
  • 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? 27
    , bangalore
    Reviewed on Feb 01, 2017
  • 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? 12
    , 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
    "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? 3
    , 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? 3
    , 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? 4
    , bangalore
    Reviewed on Nov 09, 2015
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