You can start your investment journey by booking an Axis Bank Fixed Deposit with a minimum amount of ₹5,000 and enjoy attractive interest rates. Remember that interest rates vary depending on several factors, such as:
Given this, it is crucial to know the latest rates before you invest. This will help ensure your investment grows as per your requirements. So, read on to know the Axis Bank Fixed Deposit rates and the benefits of investing in them.
Here is an overview of the Axis Bank FD rates as of January 2024.
| Tenure | Regular Citizens (in % p.a.) | Senior Citizens (in % p.a.) |
|---|---|---|
| 7 days to 14 days | 3.00 | 3.50 |
| 15 days to 29 days | 3.00 | 3.50 |
| 30 days to 45 days | 3.50 | 4.00 |
| 46 days to 60 days | 4.25 | 4.75 |
| 61 days < 3 months | 4.50 | 5.00 |
| 3 months to 3 months 24 days | 4.75 | 5.25 |
| 3 months 25 days < 4 months | 4.75 | 5.25 |
| 4 months < 5 months | 4.75 | 5.25 |
| 5 months < 6 months | 4.75 | 5.25 |
| 6 months < 7 months | 5.75 | 6.25 |
| 7 months < 8 months | 5.75 | 6.25 |
| 8 months < 9 months | 5.75 | 6.25 |
| 9 months < 10 months | 6.00 | 6.50 |
| 10 months < 11 months | 6.00 | 6.50 |
| 11 months to 11 months 24 days | 6.00 | 6.50 |
| 11 months 25 days < 1 year | 6.00 | 6.50 |
| 1 year to 1 year 4 days | 6.70 | 7.20 |
| 1 year 5 days to 1 year 10 days | 6.70 | 7.20 |
| 1 year 11 days to 1 year 24 days | 6.70 | 7.20 |
| 1 year 25 days < 13 months | 6.70 | 7.20 |
| 13 months < 14 months | 6.70 | 7.20 |
| 14 months < 15 months | 6.70 | 7.20 |
| 15 months < 16 months | 7.10 | 7.60 |
| 16 months < 17 months | 7.10 | 7.60 |
| 17 months < 18 months | 7.10 | 7.60 |
| 18 Months < 2 years | 7.10 | 7.60 |
| 2 years < 30 months | 7.10 | 7.60 |
| 30 months < 3 years | 7.10 | 7.60 |
| 3 years < 5 years | 7.10 | 7.60 |
| 5 years to 10 years | 7.00 | 7.75 |
Make sure you check the rates before investing, as they may change at the bank’s discretion or if you are investing more than ₹2 crores.
Also Read: Axis Bank Customer Care Number
Apart from the attractive rates, here are some of the top advantages you can enjoy:
A few other pros of an Axis Bank FD include:
As you start your investment, keep an eye on your current finances, too. If you need funds for the short term, you can rely on Fibe. Fibe offers an Instant Personal Loan of up to ₹5 lacs at affordable rates and with an easy online application. Download the Fibe Personal Loan App or visit our website to enjoy quick funding with minimal paperwork.
As of January 31, 2024, the rates go up to 7.75% per annum. However, they vary depending on several factors, such as:
You can check the current rates on the bank’s official website.
You can enjoy an interest of 7% when you book an FD with a tenure ranging between 5-10 years.
There is no upper limit for investing in an Axis Bank Fixed Deposit.
Yes, it is generally considered safe for FD investment for the following reasons:
Here are the details of the interest rates as of January 2024:
Here are the details of the rates:
Yes, Axis Bank usually allows early withdrawal of fixed deposits. However, penalty charges or revised interest rates may apply. It’s best to check the exact terms and conditions for cancelling your fixed deposit.
