|Tenure||Regular RD Interest Rates (p.a)||Senior Citizen RD Interest Rates (p.a)|
|6 months < 7 months||6.25%||6.5%|
|7 months < 8 months||6.25%||6.5%|
|8 months < 9 months||6.25%||6.5%|
|9 months < 10 months||6.5%||6.75%|
|10 months < 11 months||6.5%||6.75%|
|11 months < 1 year||6.5%||6.75%|
|1 year < 13 months||6.75%||7.40%|
|13 months < 14 months||6.75%||7.40%|
|14 months < 15 months||6.75%||7.55%|
|15 months < 16 months||6.75%||7.40%|
|16 months < 17 months||6.75%||7.40%|
|17 months < 18 months||6.90%||7.55%|
|18 Months < 2 years||6.90%||7.55%|
|2 years < 30 months||6.90%||7.55%|
|30 months < 3 years||6.90%||7.40%|
|3 years < 5 years||6.90%||7.40%|
|5 years to 10 years||6.90%||7.40%|
*The above interest rates are for investments less than Rs.1 crore
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 18 months is 6.75%. Likewise, the interest rate applicable on recurring deposit placed in Axis Bank for a tenure of 18 months to 3 years is 6.25%
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 6.25%. The rate of interest offered for a recurring deposit of less than Rs. 1 Crore is 6.25% 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 18 months to less than 14 months is offered an interest rate of 7.25% and for a period of 2 years to 3 years, the interest rate applicable on the RD is 6.75%.. For a tenure of 3 years up to 5 years, the interest rate on RD is 6.75%and for a tenure of 5 years up to 10 years, the rate of interest offered by Axis Bank is 6.75%.
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
- Compare Interest Rates on Recurring Deposit of Axis Bank with Other Banks and Institutions
- Check Features and Schemes of Axis Bank Recurring Deposit
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