Axis Bank FD Calculator

Last Updated 20th Feb 2017

FD Calculator Axis Bank – Know your maturity amount?

  • Axis Bank, a leading Private Bank in India offers attractive interest rates upto 7.00% on its fixed deposits.
  • FD maturity amount that you will get depends upon
    • Deposit amount
    • Rate of interest
    • FD tenure
    • Compounding frequency
    • TDS applicability and TDS rate
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Axis Bank Fixed Deposit calculator – FD Options

  • In a periodic interest payout option, Axis Bank would transfer the interest earned at each interval (say, quarterly) to your bank account. The interest would remain the same across the life of the deposit. On maturity, unless the deposit is renewed, would transfer the principal amount to your bank account.
  • In case you opt for a Axis Bank cumulative deposit, on maturity you would get a credit for the principal and interest earned net of TDS.
  • Calculate the FD maturity amount using the FD calculator.

Fixed Deposit calculator Axis Bank – Will TDS be deducted?

  • In case the interest earned by you across all your fixed deposits across all branches of Axis Bank in a year exceeds 0, the bank must deduct TDS at 10.3%. In case your IT PAN is not updated in the Axis Bank records, it must deduct twice the TDS at 20.6%. So, do remember to update your PAN on your FD.
  • Sorry, but we aren’t done with tax yet. This was only the TDS. Now, you would need to add the interest income on all your Axis Bank FD’s and other FD’s to your taxable income for the year. Based upon your tax bracket, income tax is payable on this income. Remember that you must estimate the interest income and all your other incomes and, based on this, pay advance tax on advance tax payment dates (15th Sep, 15th Dec, 15th March and 31st March).
  • Axis Bank will also issue you a Form 16A giving details of tax deducted on FD interest and tax deposited by it with government treasury. The TDS amount deposited by the bank with Income Tax Department can be verified in your 26AS statement available online on IT department website or through your net banking account. You can claim credit for the TDS amount in your annual Income Tax Return.

Axis Bank FD interest rate calculator – Check your city

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • To know more or apply, contact any of the branches of Axis Bank in your city - Find Axis Bank Branches here

  • FD Calculator of all banks in India

News - Feb 2017
18th Feb 17 Axis Bank keeps its MCLR unchanged for the month of February
Axis Bank has kept its marginal cost of lending rate unchanged for the month of February. One year MCLR of the bank stands unchanged at 8.25 percent. The new loans will be priced at the existing MCLR with effect from 18th February, 2017.
08th Feb 17 Axis Bank to sell its 10 percent stake in Experian India Credit Information Company
Axis Bank is set to sell its 10 percent stake in Experian India Credit Information Company to Mauritius based investment firm West Bridge Capital for Rs. 64 crore. The bank awaits approval from Reserve bank of India to move forward with the deal.
07th Feb 17 Axis Bank ties up with Earthport to provide outbound cross border payments
Axis Bank has hired Earthport Global Payment Networks to provide faster outbound cross border payments to its customers. Under the association, bank can, through a single connection with Earthport, send payments to almost any bank account in the world on behalf of their clients in an efficient and cost effective manner. Axis Bank becomes the first bank in India to connect with Earthport Global Payments Network present in 60 countries.
03rd Feb 17 Axis Bank to raise 10 million dollars via floating rate bonds
Axis Bank is set to raise funds worth 10 million dollars via floating rate bonds. The bonds with a tenure of 3 years will be issued from its Dubai International Financial Center branch.
20th Jan 17 Axis Bank registers a 73 percent fall in its net profit in third quarter of FY 17
Axis Bank has registered a decline of 73 percent in its net profit at Rs. 580 crore for the quarter ending on 31st December, 2016 as compared to Rs. 2, 175 crore for the corresponding period a year ago. The decline in net profit has been caused to by a sharp rise in the non performing assets of the bank and reached Rs. 20, 466 crore during the latest quarter compared to Rs. 6, 378 crore a year ago.
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