To access the old website
Click Here
Fixed Deposits (FDs)
Fixed Deposits (FDs) offer a secure and flexible way to grow your savings. With competitive interest rates and a minimum deposit of just ₹5,000, Axis Bank FDs are accessible to investors of all types. You can choose from a variety of deposit tenures ranging from 7 days to 10 years to match your financial goals.
Axis Bank’s digital banking platform makes it easy to open, manage and renew your FDs online. Additionally, you can benefit from an automatic roll-out facility that allows your FD interest to be reinvested or transferred
to another account seamlessly.
Features & Benefits
Guaranteed Returns and Minimal Risk
FDs offer secure and predictable investment options with guaranteed returns.
Higher Interest Rates Than Savings Accounts
FDs typically offer significantly higher interest rates compared to Savings Accounts, making them a more lucrative option to grow your savings.
Tax-Savings Benefits
Certain fixed deposits in India offer tax benefits under Section 80C, reducing your taxable income.
Convenient and Quick Opening
Opening an online Fixed Deposit is quick and easy, saving time and effort.
Suitable for Long-Term Financial Goals
Ideal for long and medium-term goals due to higher interest rates.
Provides Liquidity
You can avail of loan against FDs, offering liquidity without breaking the deposit before the maturity period.
Joint Premature FD Closure
FD/RD accounts with specific modes of operation can be closed digitally. The primary holder must initiate the request, and the joint holder must approve it on the same day to close the deposit. This can be done via Internet or Mobile Banking.
FD Calculator
Fixed deposit calculator will help you calculate how much rate of interest you can earn by investing in a Fixed Deposit for a fixed tenure. Simply provide the following information, and you can easily calculate FD interests.
5K
2.99Cr
-
Days
Maturity Value
3050
- Remember that Tax Deducted at Source (TDS) will apply to the interest accumulated, following the current tax rates.
- The interest rates automatically appear for Resident Deposits below ₹3 Crores.
- Please note that the interest rates shown are solely for calculation purposes. Click here to view the most recent interest rates on Axis Bank Fixed Deposits.
Fixed Deposits Interest Rates
Axis Bank offers competitive interest rates, depending on the tenure, deposit amount and customer category. The tenure for our Fixed Deposits ranges from 7 days to 10 years. You can use our fixed deposit calculator to calculate the rate payable.
Factors that Affect FD Interest Rates
- Tenure: Longer tenures generally offer higher interest rates, so if you do not need immediate access to your funds, opting for a longer duration may be a better option.
- Depositor’s age: Senior citizens, typically those above 60 years of age, benefit from higher interest rates.
- Deposit amount: Higher deposit amounts can attract higher interest rates, particularly with options like Fixed Deposit Plus.
Tax Impact on Fixed Deposits
Tax Deducted at Source (TDS) on interest earned from fixed deposits is governed by the prevailing Income Tax regulations. TDS is deducted based on the total projected interest on all fixed deposits held by a customer in a financial year. If the projected interest exceeds the specified threshold limit, TDS is deducted proportionately from the fixed deposits at the time the interest is credited. This is in accordance with Section 194A of the Income Tax Act.
Fixed Deposit Eligibility Criteria
Documents Required to Open a Fixed Deposit
Only for non-Axis Bank account holders
How to Apply for a Fixed Deposit?
Apply for a Fixed Deposit online through Internet Banking, Mobile Banking or by simply visiting your nearest Axis Bank branch where our representatives can guide you through the process. Here are the simple steps through which you can apply for Axis Bank’s FD online through Axis Bank’s Internet or Mobile Banking services.
Open Bank FD Online in 4 Easy Steps
- 01
Access Axis Bank’s ‘Fixed Deposit’ section, click on ‘Open Digital FD’
- 02
On the next page, click on the ‘Book FD’ option and add all your details to the pop-up section. Then click on ‘Proceed’.
- 03
Fill in the required account and nominee details
- 04
You will be directed to the detailed forms and application page.
- 05
Fill in all details for verification and after your KYC video call, your FD will be booked for your investment.
Renewing your fixed deposit is a simple process. Here is a step-by-step guide:
-- 01
If you prefer, you can visit your nearest Axis Bank branch or log in to your online banking account.
- 02
Locate the ‘renew Fixed Deposit’ or similar option. Fill out the necessary details, including your FD account number and the amount you would like to reinvest.
- 03
Provide any additional information if required and submit the renewal request.
- 04
We will process your request and upon confirmation, your FD will be renewed for the new specified tenure.
Start a fixed deposit with minimum investment
Avoid premature encashment penalties
Avail automatic rollover facility
Method of calculation of interest rates on your Fixed Deposits
Stay compliant with prevalent tax laws
Withdraw from term deposits easily.
In case of joint Term Deposit, submit a declaration signed by all the holders. In the unfortunate event of the death of one of the holders, this will be required, to enable Axis Bank to pay the maturity proceeds prematurely to the survivor.
*For all new Reinvestment Term Deposits and all existing Reinvestment Term Deposits to be opened / renewed on and after 1st August 2013, interest reinvested would be net of TDS and hence the maturity value would vary to that extent.
Types of Fixed Deposits
Axis Bank offers a variety of Fixed Deposit in India tailored to meet the financial aspirations of our clientele.
Auto Fixed Deposit
- Link your Savings Account to an Auto Fixed Deposit for the dual benefits of liquidity and higher interest rates.
- Funds surpassing a certain threshold in your Savings Account are automatically directed to your FD.
- Access funds in your Auto Fixed Deposit through an ATM or cheque, ensuring ready availability.
Fixed Deposit Plus
- Achieve a higher interest rate with Fixed Deposit Plus compared to conventional Fixed Deposits.
- Begin with a minimum investment of ₹2 crore.
- Opt for either monthly, quarterly or reinvestment interest payout to suit your financial strategy.
Tax-Saver Fixed Deposit
- Allocate funds towards a Fixed Deposit scheme that also provides tax-saving advantages.
- Gain tax deductions on investments up to ₹1.5 lakh under section 80C of the Income Tax Act.
- Commit to a 5-year lock-in period to secure your principal investment.
Digital Fixed Deposit
- Initiate an online Fixed Deposit with Axis Bank using complete KYC, without any paperwork.
- Experience a swift, fully digital process for account opening in just 7 minutes through video KYC.
- Utilise your existing Savings Account from any bank to open a Digital FD
Advantages of Fixed Deposits
- Secure and Stable: FDs offer a safe investment option, ideal for investors seeking predictable returns.
- Fixed Interest Rates: You get fixed rates that do not fluctuate with market volatility throughout the duration of your FD.
- Flexible Tenures: It allows you to pick a tenure that suits your financial timeline.
- Guaranteed Returns: You know the exact maturity amount right from the start.
- Liquidity: You can easily withdraw your FD in emergencies without significant delays.
- Investment Flexibility: You can contribute either in a lump sum or through monthly instalments, based on your cash flow.
- Monthly Income for Seniors: Senior citizens can opt for monthly interest payouts, ensuring a steady income stream.
- Loan Facilities: You can secure a loan against your FD at lower interest rates than unsecured loans, without disturbing your investment.
- Overdraft Facility: You can access an Overdraft on your FD during emergencies. You only need to pay interest on the amount you use, while the rest of your deposit continues to accumulate interest.
- Tax Benefits: You can invest in a Tax-Saver FD and get an exemption up to ₹1.5 lakh under Section 80C of the Income Tax Act.
Frequently Asked Questions
A Fixed Deposit is a secure investment method where you deposit money for a fixed period to earn interest at fixed rates throughout the term.
Tax-Saver FDs offer tax exemptions up to ₹1.5 lakh under Section 80C. The tenure is fixed at five years, and only the first holder gets the tax benefit.
The minimum deposit for an FD via internet banking or mobile app is ₹5,000, and ₹10,000 when opened through a bank branch.
The minimum investment period for an FD is as short as 7 days.
Partial withdrawals from FDs are possible with certain conditions and may incur a lower interest rate or penalties, except for "Fixed Deposit Plus".
FDs are easy to invest in, providing guaranteed returns, with various interest payout options, like monthly or quarterly, tailored to your funding needs.
Yes, FDs can be opened jointly in the name of a minor and an adult, often by parents or guardians with minors.
You can obtain an overdraft against your FD up to 85% of the deposit at Axis Bank, with a minimum of ₹25,000, charged interest only on the used amount.
Learning Hub
Look through our knowledge section for helpful blogs and articles.
Copyright@ 2025 Axis Bank