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Axis Bank Fixed Deposit (FD) interest rates

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Aakash (Quicko Customer Success Representative)

axis bank
Fixed Deposit
Income Tax
Last updated on April 14th, 2021

Axis bank is one of the first new generation bank that began their operations in 1994. It is one of the third largest private sector bank in India. Axis bank provides number of financial services to customers ranging from large-mid cap companies, MSME, retail and agriculture business. This article covers Axis Bank FD interest rates.

Interest rates for Fixed deposit in Axis Bank

Following are the Axis Bank FD interest rates:

Tenure FD Interest Rates for General Citizens FD Interest Rates for Senior Citizens
7 days – 14 days 2.50% 2.50%
15 days – 29 days 2.50% 2.50%
30 days – 45 days 3.00% 3.00%
46 days – 60 days 3.00% 3.00%
61 days – 3 months 3.00% 3.00%
90 days – 119 days 3.50% 3.50%
4 months – 5 months 3.50% 3.50%
5 months – 6 months 3.50% 3.50%
6 months – 8 months 29 days 4.40% 4.65%
9 months – 11 months 25 days 4.40% 4.65%
11 months 25 days – 1 year 5.15% 5.40%
13 months – 17 months 29 days 5.10% 5.75%
18 months – 2 years 5.25% 5.90%
30 months 1 day – 3 years 5.40% 5.90%
1 year – 1 year 5 days 5.15% 5.80%
1 year 5 days – 1 year 11 days 5.10% 5.75%
1 year 11 days – 1 year 25 days 5.10% 5.75%
1 year 25 days – 12 months 29 days 5.10% 5.75%
2 years – 30 months 5.40% 6.05%
3 years – 4 years 364 days 5.40% 5.90%
5 years – 10 years 5.50% 6.00%

Additionally, Axis bank FD investor is eligible to avail a loans up to 85% of FD’s value against their Axis Bank Fixed Deposits.

Eligibility Criteria for Axis Bank FD account

Following are the people who are eligible for Axis Bank FD account opening:

Documents required for Axis Bank Fixed Deposit (FD) account:

Documents requirement differ for every individual and legal body. Following are the requirements based on type of entity.

Individuals, HUFs, and sole proprietorship firms when applying for a Fixed Deposit in Axis Bank:

Trusts when applying for a Fixed Deposit Axis Bank:

Partnership firms when applying for a Fixed Deposit in Axis Bank:

FAQs

What is the minimum amount required to invest in Axis bank FD?

An investor can open a fixed deposit account in Axis bank and begin the investment with as low as INR 5000.

Is interest received on Fixed deposit subject to tax?

Yes, interest earned on tax saving fixed deposits are taxable and are subject to TDS.

How can I open a Axis Bank FD account?

A customer can open Axis Bank FD account by applying through mobile banking, internet banking or by visiting the nearest Axis bank branch.

Got Questions? Ask Away!

  1. Form 15G/ Form 15H is one of the form which is used to make sure that TDS is not deducted from your income. If your tax liability for a year is zero then you can file Form 15G or Form 15H with the deductor.

    Moreover, fixed deposits also provide tax benefits under section 80C of the Income tax Act.

    Hope this helps!