Axis Bank Logo

About Us| Contact Us| Careers| Investor Relations| Site Map

Personal Corporate NRI Priority Banking
24 x 7 Banking
Search

AccountsDepositsRemittancesServices

Email this page to friendPrint this page
Net Banking
Branch Network
Domestic Branches
Domestic ATMs
Overseas Branches
Quick Access
Online Donations
Download Forms
Apply Now
FAQs

About Axis Bank

Interest Rates

SB(NRE) DEPOSITS W.E.F. NOVEMBER 19, 2005
NRE DEPOSITS W.E.F. FEBRUARY 01, 2010
FCNR(B) DEPOSITS W.E.F. FEBRUARY 01, 2010
RFC DEPOSITS W.E.F. FEBRUARY 01, 2010
NRO DEPOSITS Same as domestic deposit

INTEREST RATES ON NRI DEPOSITS
Nature of Deposit / Tenor Interest Rates (% p.a.)
NON-RESIDENT EXTERNAL (NRE) DEPOSITS
SAVINGS BANK DEPOSITS: 3.50%
1 Year and above but less than 2 Years
2.60
2 Years and above but less than 3 Years
2.91
For 3 Years upto 10 Years
3.53
RFC FIXED DEPOSITS RFC SAVINGS BANK DEPOSIT INTEREST RATE:

1. USD: 0.50%  2. GBP: 0.75%  3. EURO: 0.50%  4. AUD: 0.75%  5. CAD: 0.50%
 
USD
GBP
EURO
AUD
CAD
30 days to less than 3 months
1.77
1.98
2.01
5.66
1.81
3 months to less than 6 months
1.77
2.13
2.06
5.66
1.86
6 months to 12 months
1.80
2.20
2.11
5.71
1.91
12 months and above but less than 18 months
1.85
2.26
2.20
6.21
2.26
18 months and above but less than 2 years
1.85
2.26
2.20
6.21
2.26
2 years and above but less than 3 years
2.16
2.75
2.68
6.02
2.36
3 years and above but less than 4 years
2.78
3.36
3.08
6.28
2.90
4 years and above but less than 5 years
3.29
3.81
3.37
6.57
3.31
For 5 years only
3.71
4.14
3.63
6.70
3.62
FOREIGN CURRENCY NON-RESIDENT (FCNR) DEPOSITS *
 
USD
GBP
EURO
AUD
CAD
JPY
For 1 year only
1.85
2.26
2.20
6.21
2.26
1.68
Above 1 year but less than 18 months
1.85
2.26
2.20
6.21
2.26
1.68
18 Months and above but less than 2 Years
1.85
2.26
2.20
6.21
2.26
1.68
2 Years and above but less than 3 Years
2.16
2.75
2.68
6.02
2.36
1.48
3 Years and above but less than 4 Years
2.78
3.36
3.08
6.28
2.90
1.53
4 Years and above but less than 5 Years
3.29
3.81
3.37
6.57
3.31
1.62
For 5 years only
3.71
4.14
3.63
6.70
3.62
1.72
 NRO DEPOSITS #  SAME AS THAT OF RESIDENT INTEREST RATES (SENIOR CITIZEN'S INTEREST RATES WOULD NOT BE APPLICABLE)

* Subject to the ceiling of LIBOR/Swap Rates for the relevant period.
* Rates Subject to Change as per market conditions without prior notice.
# TDS is deducted @30% on interest earned on NRO deposits.

* Terms & Conditions for foreclosure of Term Deposit :

FCNR A/c:

ˇ USD- No penalty for individual deposit upto USD 1 million.
ˇ EURO- No penalty for individual deposit upto EURO 1 million.
ˇ GBP - No penalty for individual deposit upto GBP 750,000.
ˇ JPY- No penalty for individual deposit upto JPY 125 million.
ˇ AUD- No penalty for individual deposit upto AUD 1.5 million.
ˇ CAD- No penalty for individual deposit upto CAD 1.5 million.

ˇ For a single deposit amount exceeding the above threshold limit, interest will be for the period upto which the deposit remained with the bank less penalty of 1% for foreclosure.
ˇ No interest payable for foreclosure within a year.

* Above provisions will apply to deposits accepted or renewed on or after February 01, 2003.

NRE TDs:

ˇ No penalty for individual deposits upto Rs.5 Crore wef- November 25, 2002.
ˇ No interest payable for foreclosure within a year.

Interest calculation for FCNR deposit:
Interest is calculated on a 360 days basis. The interest is calculated on a simple interest basis for deposits tenure of 1 year and for further maturity periods / tenure interest is calculated and paid on half yearly compounded basis.

Related links
NRI Deposit Rates
Domestic Deposit Rates
Foreign Currency Deposits at Overseas Branches
CopyrightŠ 2007 - Axis Bank. All rights reserved.

Disclaimer

Privacy Policy

 Best viewed in Internet Explorer 5.5 and above.