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Deposits

Fixed Deposits

Earn more with competitive rates of interest on your Fixed Deposits


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Investment Amount

Minimum - Rs. 5,000
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

Fixed Deposit (FD)

You can open a fixed deposit from a period of 7 days to 10 years. A fixed deposit can help you save, if you have a lump sum amount. An FD is beneficial for tax purposes as well when you invest in a tax saver fixed deposit. You can also open an FD online through Axis Bank. It is quick and very easy. All you need is to login to Axis Mobile or Axis Bank Internet Banking.

For details on interest rates of fixed deposit interest ranging from 7 days to 10 years, Click here
Hassle-free opening of deposits from the comfort of your home/office
• Rs. 5,000 if booked via Internet Banking or Mobile App
• Rs. 10,000 if booked via Branch
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 interest 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 a tenure 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 case 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 will 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 closing within 14 days from the date of booking of the deposit, the interest rate will be the 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 less than Rs. 5 crores opened/renewed on or after December 15, 2017 (including Flexi Deposits), for the first partial withdrawal with value <= 25% of the Term Deposit’s original principal value, Premature Closure Penalty Rate will not be applicable. For subsequent partial withdrawals, Premature Closure Penalty Rate will be applicable on the entire withdrawal amount. For the partial withdrawal with value > 25% of Term Deposit original principal value, Premature Closure Penalty Rate will be applicable for the entire withdrawal amount. However, for Rupee Term Deposits closing within 14 days from the date of booking of the deposit, the interest rate shall be the 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, the 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 to Rupee Term Deposits closing 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 with respect to 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 currently 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 joint Term Deposit, submit a declaration signed by all the holders. In the unfortunate event of the death of one of the holders, this will be required, to enable Axis Bank to pay the maturity proceeds prematurely to the survivor.

*For all new Reinvestment Term Deposits and all existing Reinvestment Term Deposits to be opened/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 either quarterly compounding/reinvestment of interest scheme or a quarterly payout of interest scheme or a monthly payout interest scheme to the designated account of the depositor.

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