Fixed Deposits (FD)

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
Calculator
Interest Rates
Eligibility & Documentation
How to Apply
Types of FD
FAQs

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.

Normal

Senior Citizen

Interest Payout Type

Amount Deposit

₹

2.99Cr

Tenure

Rate of Interest*7.10%

Date of Fixed Deposit31 Jan 2024

Maturity Date31 July 2025

Interest Per Quarter 24

Interest Per Month 143

Open FD Now

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.

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.

Eligibility Documentation

Fixed Deposit Eligibility Criteria

Residents: All individuals residing in India are eligible
Hindu undivided families (HUFs): HUFs can set up FDs to manage and grow their collective assets
Sole proprietorships: Business owners operating sole proprietorships are eligible
Partnership firms: FD Accounts can be opened by partnership firms to secure their savings
Limited Companies: Limited companies can invest their surplus funds in FDs
Trust Accounts: Trusts looking to manage funds effectively can opt for FDs

Documents Required to Open a Fixed Deposit

Only for non-Axis Bank account holders

Residency: You need to be a resident of India while opening the FD Account
Identification: A valid PAN and Aadhaar card are necessary
Aadhaar link: Your mobile number must be linked to your Aadhaar card

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.

Follow below steps to easily open Fixed Deposit online

01
Log in to Axis Bank Internet Banking or Mobile Banking app, open.
02
Click/tap on FD/RD option.
03
Either book the bank suggested FD by clicking/tapping on "Book FD" or click/tap on "Enter Your Own Tenure" option to select the FD details on your own.
04
Fill in the required details and click/tap on "Book FD" button. Your FD is booked successfully.

Open FD Now

Step-by-step guide to renew your Fixed Deposit

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.

Renew Now

Types of Fixed Deposits

Axis Bank offers a variety of Fixed Deposit in India tailored to meet the financial aspirations of our clientele.

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.

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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.

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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.

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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

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Pre-qualified 24*7 Overdraft Against Fixed Deposit

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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.

Axis Bank FDs offer flexible tenures starting from 7 days and going up to 10 years. You can invest in a suitable tenure based on your financial goals and investment horizon.

The maturity amount of an FD of ₹1 lakh would depend on the type of FD selected (cumulative or non-cumulative), your age (whether you are a senior citizen or not) and the interest rate.

If you choose the non-cumulative FD and want monthly interest payouts, the interest would be calculated and paid every month.

You can calculate the maturity value of your FD using the Fixed Deposit calculator. Just enter the following details and get instant results:

Type of customer - normal or senior citizen
Type of FD - cumulative or non-cumulative
Principal amount
Deposit tenure

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".

Premature withdrawal is allowed from most bank Fixed Deposits, except the 5-year tax-saving FDs. You can withdraw from the FD before the tenure ends. However, such withdrawals would incur a premature withdrawal penalty, which would reduce your interest income.

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.

Many banks allow an overdraft facility against FDs, wherein you can borrow against the invested amount. You should check whether your bank is offering the overdraft facility, which can be availed of when needed.

You can calculate the maturity value of your FD using the Fixed Deposit calculator. Just enter the following details and get instant results: