Axis Bank Fixed Deposit (FD) Interest Rates

About Axis Bank

Axis Bank is the third largest private sector bank in India. It offers a wide range of financial services from deposits, loans, credit and debit cards, demat account and mutual fund investments. The bank's customer base includes individuals, agriculture and retail businesses, MSMEs, medium and large corporations. The bank has a wide network in the country with 4,528 domestic branches and 12,044 ATMs all over the country.

Benefits of Axis Bank Fixed Deposit

• 1. Hassle free account opening process - Depositors can open an Axis Bank FD easily offline and online. In the offline method, you can visit any bank branch near to you to open your FD branch. You can also open an account online through the bank's website or mobile app.
• 2. Minimum investment - The minimum investment amount varies depending on how you open the FD. If you open an account via the bank's website or mobile app, it is ₹5,000. In case you open an account at any of the bank's branches, the minimum investment amount is ₹10,000.
• 3. Automatic roll-over maturity - You can avail automatic roll-over facility on your deposits on maturity. This is applicable for both the principal and the interest. In case you choose only the principal option, the principal is rolled over and the interest amount is credited to a specified account. If you choose both principal and interest option, both the deposit and interest accrued is rolled over for the same tenure. This is done at the interest rate applicable on the maturity date.
• 4. Flexible tenures - Axis bank offers a wide range of deposit tenures. You can keep an FD open for as little as 7 days and as long as 10 years. You have multiple tenure options in between. This is applicable to all depositors. Choose a tenure that is suitable to your financial needs.