Axis Bank Interest Rates on FD, Dec 2016

Fixed Deposit Interest Rate of Axis Bank

Last Updated 28th Nov 2016
Tenure General Rates Senior Citizen Rate
7 days to 14 days 3.50% 4.00%
15 days to 29 days 3.50% 4.00%
30 days to 45 days 5.50% 6.00%
46 days to 60 days 6.00% 6.50%
61 days to 89 days 6.00% 6.50%
90 days to 119 days 6.25% 6.75%
120 days to 149 days 6.25% 6.75%
150 days to 179 days 6.25% 6.75%
6 months to 6 months 29 days 6.50% 7.00%
7 months to 7 months 29 days 6.50% 7.00%
8 months to 8 months 29 days 6.50% 7.00%
9 months to 9 months 29 days 6.75% 7.25%
10 months to 10 months 29 days 6.75% 7.25%
11 months to 364 days 6.75% 7.25%
1 year to 1 year 29 days 7.00% 7.50%
13 months to 13 months 29 days 7.00% 7.50%
14 months to 14 months 29 days 7.00% 7.50%
15 months to 15 months 29 days 7.00% 7.50%
16 months to 16 months 29 days 7.00% 7.50%
17 months to 17 months 29 days 7.00% 7.50%
18 months to 1 year 364 days 7.00% 7.50%
2 years to 2 years 179 days 6.75% 7.25%
30 months to 2 years 364 days 6.75% 7.25%
3 years to 4 years 364 days 6.75% 7.25%
5 years to 10 years 6.75% 7.25%
    Read Latest News on Axis Bank Here
  • Axis Bank offers FD interest rates upto 7.00% per annum.
  • Interest on deposits with Axis Bank is typically compounded quarterly.
  • Axis Bank accepts deposits starting at Rs. 10000 for various tenures.
  • For senior citizens (age more than 60 years), Axis Bank offers higher interest rate over and above rates mentioned below.
Calculate Axis Bank
FD Maturity Amount

Axis Bank Fixed Deposit – Premature Withdrawl

  • You may break you FD and withdraw your money subject to minimum moratorium requirements.
  • However, in case of premature withdrawal, Axis Bank pays 1% lower ROI than that applicable for actual duration of deposit.

Loan against Axis Bank FD

  • Axis Bank offers loan upto 90% against its own deposit. Note that you cannot obtain a loan against FD from another bank.
  • Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.

Axis Bank Interest Rates in your city. How and where to apply?

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • In case you already hold an account with Axis Bank, you don’t need to submit KYC documents again.
  • To know more or apply, contact any of the branches of Axis Bank in your city - Find Axis Bank Branches here

About Axis Bank

Axis Bank. formerly known as UTI Bank, is the third largest private sector bank in India with its headquarter based in Mumbai, Maharashtra. The bank was promoted by UTI Holdings, LIC, GIC and its four subsidiaries and was the first new private sector bank formed in the year 1993-1994, after Govt. of India's issued guidelines for formation of a new bank under the new liberalized regime. Today, the bank offers financial services across all consumer segments including retail, Large & Mid corporate, small and medium enterprises, and agriculture. As on 31st March 2014, Axis Bank had 2,402 branches, 12,992 ATM's and 42,420 employees spread all across the country. It has significant international presence as well with 7 international offices and branches opening in China and a subsidiary AXIS Bank UK in UK. Axis Bank has registered strong growth over the last few years. The bank's advances grew at 24% in FY14 over FY13 with retail advances estimated at Rs 59,531 crore comprising 27% of total advances. Home Loans is a key focus segment of the bank and account for 65% of its total retail advances and 18% of its total advances. The bank has won many awards and recognition for their work over the years, most notably 'Fastest growing large banks awards in both 2013 and 2014 by Business world magazine. The bank has also won "Consistent Performer- India" best bank survey' by Business Today & KPMG.

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News - Dec 2016
30th Nov 16 Axis Bank fixed deposit rates cut up to 45 basis points
Axis Bank has reduced its bulk fixed deposit (Rs. 1 crore to Rs. 5 crore) rate with tenure of one to two years by 45 basis points to 6.25 percent. The revised fixed deposit rate for deposits with tenure of up to 10 years is now 6 percent. New rates are effective from 29th November, 2016.
22nd Nov 16 Axis Bank fixed deposit rate cut up to 50 basis points
Axis Bank has reduced its fixed deposits rates for one to three years tenure by 25 to 50 basis points. One year fixed deposit rate is reduced to 7 percent. The revised fixed deposit rates of Axis Bank for two and three years are now 6.75 percent. New rates are effective from 21st November, 2016.
17th Nov 16 Axis Bank MCLR cut 15 to 20 bps
Axis Bank has reduced its one year marginal cost fund based lending rate (MCLR) by 15 basis points to 9.05 percent and two year MCLR by 20 basis points to 9.10 percent. The minimum overnight and six months lending rates are reduced to 8.65 percent and 9 percent respectively. The new rates will be effective from 18th November, 2016.
16th Nov 16 Axis Bank to launch chat bots for its mobile banking application and Facebook messenger
Axis Bank has partnered with a Singapore based fintech platform to launch chat bots for its mobile banking customers in the form of a conversational interface. The new service will use artificial intelligence that will help the bank to provide personal and contextual interaction solutions to mobile banking users. Consumers can use the service through web, mobile, social and messaging channels.
09th Nov 16 Axis Bank launches Premier offer for personal loans
Axis Bank has launched a personal loan offer for the top executives of high category companies. Employees earning more than Rs.50,000 per month can avail personal loan at the rate of 13.50 percent with 1.50 percent processing fees. The offer is valid for logins from 3rd November, 2016 to 23rd December, 2016 and disbursal on or before 31st December, 2016.
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