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Recurring Deposit Interest Rates
Recurring Deposit interest rates are the key to unlocking a brighter financial future. You get to earn a high rate of return on your deposits. Plus, with the power of compounding, your savings grow exponentially.
Axis Bank offers Recurring Deposits (RDs) with attractive interest rates and flexible tenures ranging from 6 months to 10 years, allowing you to maximise your savings and achieve your financial goals faster.
Interest Rates
Check out the latest Recurring Deposit interest rates here and start building your wealth today.
| Tenure | Recurring Deposit Interest Rates - Less than Rs 3 crs (w.e.f 16th July’2025) | |
|---|---|---|
| General | Senior Citizen | |
| 6 months | 5.50% | 6.00% |
| 9 months | 5.75% | 6.25% |
| 12 months | 6.25% | 6.75% |
| 15 months | 6.50% | 7.00% |
| 18 months | 6.60% | 7.10% |
| 21 months | 6.60% | 7.10% |
| 24 months | 6.60% | 7.10% |
| 30 months | 6.60% | 7.10% |
| 36 months | 6.60% | 7.10% |
| 48 months | 6.60% | 7.10% |
| 60 months | 6.60% | 7.35% |
| 120 months | 6.60% | 7.35% |
Click here to learn more about RD rates based on maturity period.
Note: The RD interest rates mentioned above are for deposits less than ₹3 crores and are subject to change without any prior notice. For any other details, contact your nearest Axis Bank branch.
RD interest rates on premature withdrawal
| Type of Deposit | Interest Rate |
|---|---|
| Deposits under ₹5 crores opened or renewed on or after May 1, 2014 | 1% below the contracted rate |
Penalty on delayed RD instalment
A delayed RD instalment can result in penalties. The rules regarding these penalties are as follows:
- If your account was opened on or after August 9, 2016, you will incur a late fee of ₹10 for every ₹1,000 overdue (calculated monthly).
RD Calculator
If you are looking at options to save and invest some portion of hard-earned money every month but want fixed and secured returns, a bank Recurring Deposit (RD) is a worthwhile avenue.
Maturity Value
₹3050
Frequently Asked Questions
RD interest rates depend on the bank and how long you are willing to keep your money locked in.
Generally, anyone can open a Recurring Deposit Account, including resident Indians, Non-Resident Indians (NRIs), minors with a guardian, Hindu Undivided Families (HUFs), businesses, trusts and societies.
The minimum deposit amount required to open an RD is ₹500.
The minimum tenure is 6 months, and the maximum tenure is 10 years.
Specifically, you will not have to pay taxes on it until your total interest income for the year exceeds ₹40,000 (₹50,000 if you are a senior citizen).
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