Axis Bank FD Rates 2024
|
Tenure |
Rate of Interest for General Citizens |
Rate of Interest for Senior Citizens ( Above 60 Years of Age) |
|---|---|---|
| 7 to 14 days |
3.00% |
3.50% |
| 15 to 29 days |
3.00% |
3.50% |
| 30 to 45 days |
3.50% |
4.00% |
| 46 to 60 days |
4.25% |
4.75% |
| 61 days < 3 months |
4.50% |
5.00% |
| 3 months < 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% |
Axis FD Interest Rates 2024
In 2024, Axis Bank presented a diversified array of fixed deposit interest rates catering to distinct tenures and customer segments. Noteworthy among these rates is the highest interest rate of 7.10% for general depositors applying to a tenure spanning 15 months to less than 5 years. Senior citizens, on the other hand, are offered an even more lucrative rate of 7.75% for FDs maturing between 5 and 10 years. Eligibility criteria encompass a spectrum of interest rates ranging from 3% to 7.10% p.a. for the general public and 3.50% to 7.75% p.a. for senior citizens, applying to tenures spanning 7 days to 10 years. A nominal minimum deposit of ₹5,000 is required for initiating an FD account with Axis Bank. It’s imperative to note that the interest earned on Axis Bank FDs is subject to taxation under the Income Tax Act, 1961, with the bank deducting TDS at a rate of 10% if PAN is provided and 20% otherwise. Additionally, Axis Bank extends a tax-saver FD option eligible for a deduction of up to ₹1.5 lakh under Section 80C, coupled with a lock-in period of 5 years. Furthermore, senior citizens enjoy preferential treatment with an extra 0.50% interest on their FDs, enhancing the appeal of Axis Bank’s offerings.
Geeky Takeaways:
- In 2024, Axis Bank offered diversified fixed deposit interest rates for different terms and customer segments.
- The highest rate was 7.10% for 15 months to <5 years of tenure.
- Senior citizens received 7.75% for 5-10 years fixed deposits, making it more lucrative.
- They received 0.50% extra interest, enhancing the appeal of Axis Bank’s fixed deposit offerings.
- Rates ranged from 3%-7.10% for the general public and 3.50%-7.75% for senior citizens as per the tenure of 7 days to 10 years.
Table of Content
- Axis Bank FD Rates 2024
- Features and Benefits of Axis Bank Fixed Deposit
- Types of Axis Bank FD Schemes
- 6 Steps to Invest in Axis Bank FD
- Eligibility to Open an Axis FD Account
- Documents Required to Open Axis FD
- Tax on Axis Bank Fixed Deposit
- Loan Against Axis Bank FD
- Premature Closure of Axis Bank Fixed Deposit
- Frequently Asked Questions (FAQs)