Progress with us...
 
internet banking
Personal
Corporate
CMS and Payment Solution
CARDS
Power Access
AxisRemit Online
eDGE Loyalty Rewards
  • LOG IN

Deposits

Fixed Deposits

Earn more with competitive rates of interest on your Fixed Deposits

  • fb
  • twit
  • insta
  • mail

Investment Amount

Minimum - Rs. 10,000
Maximum - No Maximum Limit

Tenure

Minimum - 7 days
Maximum - 10 years

Seamless Transfers

Transfer funds easily from a Savings Account to a Fixed Deposit to earn higher interest

Hassle-Free Opening

Open fixed deposits from home/office

Features and Benefits

For details of fixed deposit interest rates on investments ranging from 7 days to 10 years, Click here
Hassle-free opening of deposits from the comfort of your home/office
Interest accrued on the deposit each quarter is invested along with the principal
Interest is calculated on total sum net of Tax Deducted at Source (TDS)
Move funds from a Savings Account to a Fixed Deposit to earn higher interest
  • Only on Principal: Only principal is rolled over and interested is credited to a designated account or paid out
  • On Principal and Interest: Both, deposit and interest accrued for the same tenure at the interest rate applicable on maturity date
  • For Fixed Deposits with tenure of 6 months and above, interest is calculated on a quarterly basis.
  • Interest earned during the previous quarter is added to the principal for calculation of interest. Fixed deposit interest rate on this amount is calculated every quarter.
  • For fixed deposits schemes with tenure of below 6 months, interest is calculated at Simple Interest. Please note that the period of the fixed deposit is considered in number of days.
  • Deposits can be booked in completed months only under Interest payout option
  • In the event that you choose to receive the periodic interest payments on a quarterly basis, interested is calculated and paid on quarterly rests.
  • The fixed deposit rate applicable for a monthly interest option will be discounted rate over the standard rate.
  • For Rupee Term Deposits of a contracted amount less than Rs. 5 crores opened/renewed on or after May 1, 2014 (including Flexi deposits), interest rate shall be 1.00% below the card rate, prevailing as on the date of deposit, as applicable for the period the deposit has remained with the bank or 1.00% below the contracted rate, whichever is lower. However, for Rupee Term Deposits closed within 14 days from the date of booking of the deposit interest rate shall be rate applicable for the period the deposit has remained with the bank or the contracted rate, whichever is lower.
  • For Rupee Term Deposits of a contracted amount of Rs 5 Crores and above, interest rate shall be 1% below the card rate prevailing as on the date of deposit, as applicable for the period the deposit has remained with the bank or 1% below the contracted rate, whichever is lower. This would also be applicable on Rupee Term Deposits closed within 14 days from the date of booking of the deposit.
  • Tax at source is deducted as per the Income Tax regulations prevalent from time to time. TDS in respect of interest earned on fixed deposits, is deducted on the basis of the total interest projected on the aggregate of fixed deposits of the customer, for the financial year.
  • Thus, if the total projected interest in a financial year crosses the threshold limit which is presently Rs.10,000/-, TDS is deducted proportionately from the existing fixed deposits at the time of interest application.
  • This is in accordance with Section 194 A 3 (i) (a) of the Income Tax Act.
  • For any further clarifications, please contact the base Branch.
Withdraw from term deposits easily
In case of Term Deposit held jointly, submit a declaration signed by all the holders. This is required in the unfortunate event of death of one of the holders, to enable Axis Bank to pay the maturity proceeds prematurely to the survivor.

*For all new Reinvestment Term Deposits to be opened on and after 1st August, 2013 and all existing Reinvestment Term Deposits that may be renewed on and after 1st August, 2013, interest reinvested would be net of TDS and hence the maturity value would vary to that extent.

Choose between a quarterly compounding/reinvestment of interest scheme, quarterly payout of interest scheme and Monthly payout interest scheme to the designated account of the depositor

WHAT'S NEW ?

PL Travel Inside Page Pin 263X169

DON'T LET FINANCES BOTHER YOUR LOVE FOR TRAVEL

Personal Loans from Axis Bank
with no foreclosure charges.

KNOW MORE

axis-bank-atm-charges-waiver Inside PIN

Here's a quick guide to the recent  RBI Directive on Demonetization

Read all Demonetisation related
general instructions here

KNOW MORE

CCD-App_v01_263x169

NOW ENJOY YOUR COFFEE, CASHLESS!

Register on lime wallet through CCD app and get a cappuccino free*

REGISTER NOW

AxisBank_Banner263-x-169

INTRODUCING EXPRESSINVEST

Access schemes from over 10 MF houses in less than 10 minutes at 0 brokerage.

KNOW MORE