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Axis Bank Domestic Term Deposits FD
The Axis Bank Domestic Term Deposits tenure ranges from min 7 Days to max 9 Year 10 Months 12 Days . The ROI ranges from 3.00% to 7.10 % for the general public. The lock-in period for this scheme is 5 Year
Axis Bank Domestic Term Deposits Scheme for amount ranging from ₹ 5,000 to ₹ 2.0 Cr
The rate of interest for deposited amount ranging from ₹ 5,000 to ₹ 2.0 Cr is as below
Tenure | Interest Rate for General Public (p.a.) | Interest Rates for Senior Citizens (p.a.) |
|---|---|---|
| 7 Days Upto 29 Days | 3.00% p.a. | 3.50% p.a. |
| 1 Months Upto 2 Months 27 Days | 3.00% p.a. | 3.50% p.a. |
| 2 Months 28 Days Upto 5 Months 26 Days | 4.25% p.a. | 4.75% p.a. |
| 5 Months 27 Days Upto 8 Months 26 Days | 4.50% p.a. | 5.00% p.a. |
| 8 Months 27 Days Upto 11 Months 29 Days | 4.75% p.a. | 5.25% p.a. |
| 1 Year Upto 1 Year 2 Months 28 Days | 5.75% p.a. | 6.25% p.a. |
| 1 Year 2 Months 29 Days Upto 1 Year 11 Months 28 Days | 6.70% p.a. | 7.20% p.a. |
| 1 Year 11 Months 29 Days Upto 4 Year 11 Months 8 Days | 7.10% p.a. | 7.60% p.a. |
| 4 Year 11 Months 9 Days Upto 9 Year 10 Months 12 Days | 7.00% p.a. | 7.25% p.a. |
Key features of Axis Bank Domestic Term Deposits Scheme
Summary of Axis Bank Domestic Term Deposits Scheme features :
| Mutual Fund Schemes | Domestic Term Deposits |
| CRISIL Rating | AAA(stable)CRISIL Rating |
| Lock-in Days | 5 Year |
| Loan Against FD | NA |
| Pre-mature Withdrawal | Available |
| FD Nominee | Yes |
| Tenure | 7 Days to 9 Year 10 Months 12 Days |
| General Public | 3.00% to 7.10 % |
| Senior Citizen | 3.50% to 7.60 % |
| Amount | Rs.5,000 to Rs.200,00000 |
*Interest rates are subject to change at the discretion of the bank. These Interest rates are with effect from 10 November 2021.
Axis Bank Domestic Term Deposits FD
If you want to make significant profits on your investment, Axis Bank domestic term deposits FD is a good choice. Consider Axis Bank term deposits if you want to invest your hard-earned money in fixed deposits. With Axis Bank, you can get competitive interest rates and twice the advantages of other investment instruments. With the help of this fixed deposit program, you might generate large profits and attractive interest rates.
Understanding the Axis Bank domestic term deposits FD and the interest rate it offers before investing.
Axis Bank Domestic Term Deposits Interest Rate
The Axis Bank Domestic Term Deposits FD interest rate is given below:
Individuals Aged Below 60 Years
The interest rates for individuals aged below 60 years on deposits less than INR 5 crores are:
| Tenure | INR 2 Crores | INR 2 Crores - 4.91 Crores | INR 4.91 Crores - 4.92 Crores | INR 4.91 Crores - 5 Crores |
| 7 Days to less than 14 Days | 2.50% | 2.50% | 2.50% | 2.50% |
| 15 Days to less than 29 Days | 2.50% | 2.50% | 2.50% | 2.50% |
| 30 Days to less than 45 Days | 3.00% | 3.00% | 2.50% | 3.00% |
| 45 Days to less than 60 Days | 3.00% | 3.00% | 2.50% | 3.00% |
| 61 Days to less than 90 Days | 3.00% | 3.25% | 2.60% | 3.25% |
| 90 Days to less than 120 Days | 3.50% | 3.45% | 2.60% | 3.45% |
| 120 Days to less than 150 Days | 3.50% | 3.55% | 2.60% | 3.55% |
| 150 Days to less than 180 Days | 3.50% | 3.55% | 2.60% | 3.55% |
| 180 Days to less than 210 Days | 4.40% | 3.85% | 2.75% | 3.85% |
| 210 Days to less than 240 Days | 4.40% | 3.85% | 2.75% | 3.85% |
| 240 Days to less than 270 Days | 4.40% | 3.85% | 2.75% | 3.85% |
| 270 Days to less than 300 Days | 4.40% | 4.00% | 2.75% | 4.00% |
| 300 Days to less than 330 Days | 4.40% | 4.00% | 2.75% | 4.00% |
| 330 Days to less than 359 Days | 4.40% | 4.00% | 2.75% | 4.00% |
| 359 Days to less than 1 year | 4.40% | 4.00% | 2.75% | 4.00% |
| 1 year to less than 1 year 5 Days | 5.10% | 4.15% | 3.00% | 4.15% |
| 1 year 5 Days to less than 1 year 11 Days | 5.15% | 4.15% | 3.00% | 4.15% |
| 1 year 11 Days to less than 1 year 25 Days | 5.25% | 4.15% | 3.00% | 4.15% |
| 1 year 25 Days to less than 1 year 30 Days | 5.15% | 4.15% | 3.00% | 4.15% |
| 1 year 30 Days to less than 1 year 60 Days | 5.15% | 4.15% | 3.00% | 4.15% |
| 1 year 60 Days to less than 1 year 91 Days | 5.15% | 4.15% | 3.00% | 4.15% |
| 1 year 91 Days to less than 1 year 121 Days | 5.20% | 5.15% | 4.15% | 3.00% |
| 1 year 121 Days to less than 1 year 152 Days | 5.20% | 5.15% | 4.15% | 3.00% |
| 1 year 152 Days to less than 1 year 182 Days | 5.20% | 5.15% | 4.15% | 3.00% |
| 1 year 182 Days to less than 2 year | 5.25% | 4.25% | 3.00% | 4.25% |
| 2 years to less than 2 years 182 Days | 5.40% | 4.45% | 3.00% | 4.45% |
| 2 year 182 Days to less than 3 year | 5.40% | 4.45% | 3.00% | 4.45% |
| 3 years to less than 5 years 1 Days | 5.40% | 4.45% | 3.00% | 4.45% |
| 5 years 1 Day to less than 10 years 2 Days | 5.75% | 4.45% | 3.00% | 4.45% |
Note: The rates are in effect from January 20, 2022. However, the rates may change.
Individuals Aged Above 60 Years
The interest rates for senior citizens or individuals ages above 60 years on deposits less than INR 5 crores are:
| Tenure | INR 2 Crores | INR 2 Crores - 4.91 Crores | INR 4.91 Crores - 4.92 Crores | INR 4.91 Crores - 5 Crores |
| 7 Days to less than 14 Days | 2.50% | 2.50% | 2.50% | 2.50% |
| 15 Days to less than 29 Days | 2.50% | 2.50% | 2.50% | 2.50% |
| 30 Days to less than 45 Days | 3.00% | 3.00% | 2.50% | 3.00% |
| 45 Days to less than 60 Days | 3.00% | 3.00% | 2.50% | 3.00% |
| 61 Days to less than 90 Days | 3.00% | 3.25% | 2.60% | 3.25% |
| 90 Days to less than 120 Days | 3.50% | 3.45% | 2.60% | 3.45% |
| 120 Days to less than 150 Days | 3.50% | 3.55% | 2.60% | 3.55% |
| 150 Days to less than 180 Days | 3.50% | 3.55% | 2.60% | 3.55% |
| 180 Days to less than 210 Days | 4.65% | 4.10% | 3.00% | 4.10% |
| 210 Days to less than 240 Days | 4.65% | 4.10% | 3.00% | 4.10% |
| 240 Days to less than 270 Days | 4.65% | 4.10% | 3.00% | 4.10% |
| 270 Days to less than 300 Days | 4.65% | 4.25% | 3.00% | 4.25% |
| 300 Days to less than 330 Days | 4.65% | 4.25% | 3.00% | 4.25% |
| 330 Days to less than 359 Days | 4.65% | 4.25% | 3.00% | 4.25% |
| 359 Days to less than 1 year | 4.65% | 4.25% | 3.00% | 4.25% |
| 1 year to less than 1 year 5 Days | 5.75% | 4.80% | 3.65% | 4.80% |
| 1 year 5 Days to less than 1 year 11 Days | 5.80% | 4.80% | 3.65% | 4.80% |
| 1 year 11 Days to less than 1 year 25 Days | 5.80% | 4.80% | 3.65% | 4.80% |
| 1 year 25 Days to less than 1 year 30 Days | 5.80% | 4.80% | 3.65% | 4.80% |
| 1 year 30 Days to less than 1 year 60 Days | 5.80% | 4.80% | 3.65% | 4.80% |
| 1 year 60 Days to less than 1 year 91 Days | 5.80% | 4.80% | 3.65% | 4.80% |
| 1 year 91 Days to less than 1 year 121 Days | 5.85% | 4.80% | 3.65% | 4.80% |
| 1 year 121 Days to less than 1 year 152 Days | 5.85% | 4.80% | 3.65% | 4.80% |
| 1 year 152 Days to less than 1 year 182 Days | 5.85% | 4.80% | 3.65% | 4.80% |
| 1 year 182 Days to less than 2 year | 5.90% | 4.90% | 3.65% | 4.90% |
| 2 year to less than 2 year 182 Days | 6.05% | 5.10% | 3.65% | 5.10% |
| 2 year 182 Days to less than 3 year | 6.05% | 5.10% | 3.65% | 5.10% |
| 3 year to less than 5 year 1 Days | 6.05% | 5.10% | 3.65% | 5.10% |
| 5 year 1 Days to less than 10 year 2 Days | 6.50% | 5.20% | 3.75% | 5.20% |
Note: The rates are in effect from January 20, 2022. However, the rates may change.
Individuals Aged Below 60 Years
The interest rates for individuals aged below 60 years on deposits more than INR 5 crores are:
| Tenure | INR 5 -10 Crores | INR 10 - 24.75 Crores | INR 24.75 - 25 Crores | INR 25 - 50 Crores | INR 50 - 100 Crores | More than INR 100 crores |
| 7 Days to less than 14 Days | 2.50% | 2.50% | 2.50% | 2.50% | 3.05% | 3.05% |
| 15 Days to less than 29 Days | 2.50% | 2.50% | 2.50% | 2.50% | 3.05% | 3.05% |
| 30 Days to less than 45 Days | 3.00% | 3.00% | 2.50% | 3.00% | 3.10% | 3.10% |
| 45 Days to less than 60 Days | 3.00% | 3.00% | 2.50% | 3.00% | 3.10% | 3.10% |
| 61 Days to less than 90 Days | 3.25% | 3.25% | 2.60% | 3.25% | 3.25% | 3.25% |
| 90 Days to less than 120 Days | 3.45% | 3.45% | 2.60% | 3.45% | 3.45% | 3.45% |
| 120 Days to less than 150 Days | 3.55% | 3.55% | 2.60% | 3.55% | 3.65% | 3.65% |
| 150 Days to less than 180 Days | 3.55% | 3.55% | 2.60% | 3.55% | 4.00% | 4.00% |
| 180 Days to less than 210 Days | 3.85% | 3.85% | 2.75% | 3.85% | 4.00% | 4.00% |
| 210 Days to less than 240 Days | 3.85% | 3.85% | 2.75% | 3.85% | 4.00% | 4.00% |
| 240 Days to less than 270 Days | 3.85% | 3.85% | 2.75% | 3.85% | 4.00% | 4.00% |
| 270 Days to less than 300 Days | 4.00% | 4.00% | 2.75% | 4.00% | 4.05% | 4.05% |
| 300 Days to less than 330 Days | 4.00% | 4.00% | 2.75% | 4.00% | 4.05% | 4.05% |
| 330 Days to less than 359 Days | 4.00% | 4.00% | 2.75% | 4.00% | 4.05% | 4.05% |
| 359 Days to less than 1 year | 4.00% | 4.00% | 2.75% | 4.00% | 4.05% | 4.05% |
| 1 year to less than 1 year 5 Days | 4.15% | 4.15% | 3.00% | 4.15% | 4.15% | 4.15% |
| 1 year 5 Days to less than 1 year 11 Days | 4.15% | 4.15% | 3.00% | 4.15% | 4.15% | 4.15% |
| 1 year 11 Days to less than 1 year 25 Days | 4.15% | 4.15% | 3.00% | 4.15% | 4.15% | 4.15% |
| 1 year 25 Days to less than 1 year 30 Days | 4.15% | 4.15% | 3.00% | 4.15% | 4.15% | 4.15% |
| 1 year 30 Days to less than 1 year 60 Days | 4.15% | 4.15% | 3.00% | 4.15% | 4.15% | 4.15% |
| 1 year 60 Days to less than 1 year 91 Days | 4.15% | 4.15% | 3.00% | 4.15% | 4.15% | 4.15% |
| 1 year 91 Days to less than 1 year 121 Days | 4.15% | 5.15% | 4.15% | 3.00% | 4.15% | 4.15% |
| 1 year 121 Days to less than 1 year 152 Days | 4.15% | 5.15% | 4.15% | 3.00% | 4.15% | 4.15% |
| 1 year 152 Days to less than 1 year 182 Days | 4.15% | 5.15% | 4.15% | 3.00% | 4.15% | 4.15% |
| 1 year 182 Days to less than 2 year | 4.25% | 4.25% | 3.00% | 4.25% | 4.30% | 4.30% |
| 2 years to less than 2 years 182 Days | 4.45% | 4.45% | 3.00% | 4.45% | 4.55% | 4.55% |
| 2 year 182 Days to less than 3 year | 4.45% | 4.45% | 3.00% | 4.45% | 4.55% | 4.55% |
| 3 years to less than 5 years 1 Days | 4.45% | 4.45% | 3.00% | 4.45% | 4.65% | 4.65% |
| 5 years 1 Day to less than 10 years 2 Days | 4.45% | 4.45% | 3.00% | 4.45% | 4.65% | 4.65% |
Note: The rates are in effect from January 20, 2022. However, the rates may change.
Individuals Aged Above 60 Years
The interest rates for senior citizens or individuals ages above 60 years on deposits more than INR 5 crores are:
| Tenure | INR 5 -10 Crores | INR 10 - 24.75 Crores | INR 24.75 - 25 Crores | INR 25 - 50 Crores | INR 50 - 100 Crores | More than INR 100 crores. |
| 7 Days to less than 14 Days | 2.50% | 2.50% | 2.50% | 2.50% | 3.05% | 3.05% |
| 15 Days to less than 29 Days | 2.50% | 2.50% | 2.50% | 2.50% | 3.05% | 3.05% |
| 30 Days to less than 45 Days | 3.00% | 3.00% | 2.50% | 3.00% | 3.10% | 3.10% |
| 45 Days to less than 60 Days | 3.00% | 3.00% | 2.50% | 3.00% | 3.10% | 3.10% |
| 61 Days to less than 90 Days | 3.25% | 3.25% | 2.60% | 3.25% | 3.25% | 3.25% |
| 90 Days to less than 120 Days | 3.45% | 3.45% | 2.60% | 3.45% | 3.45% | 3.45% |
| 120 Days to less than 150 Days | 3.55% | 3.55% | 2.60% | 3.55% | 3.65% | 3.65% |
| 150 Days to less than 180 Days | 3.55% | 3.55% | 2.60% | 3.55% | 4.00% | 4.00% |
| 180 Days to less than 210 Days | 4.10% | 4.10% | 3.00% | 4.10% | 4.25% | 4.25% |
| 210 Days to less than 240 Days | 4.10% | 4.10% | 3.00% | 4.10% | 4.25% | 4.25% |
| 240 Days to less than 270 Days | 4.10% | 4.10% | 3.00% | 4.10% | 4.25% | 4.25% |
| 270 Days to less than 300 Days | 4.25% | 4.25% | 3.00% | 4.25% | 4.30% | 4.30% |
| 300 Days to less than 330 Days | 4.25% | 4.25% | 3.00% | 4.25% | 4.30% | 4.30% |
| 330 Days to less than 359 Days | 4.25% | 4.25% | 3.00% | 4.25% | 4.30% | 4.30% |
| 359 Days to less than 1 year | 4.25% | 4.25% | 3.00% | 4.25% | 4.30% | 4.30% |
| 1 year to less than 1 year 5 Days | 4.80% | 4.80% | 3.65% | 4.80% | 4.80% | 4.80% |
| 1 year 5 Days to less than 1 year 11 Days | 4.80% | 4.80% | 3.65% | 4.80% | 4.80% | 4.80% |
| 1 year 11 Days to less than 1 year 25 Days | 4.80% | 4.80% | 3.65% | 4.80% | 4.80% | 4.80% |
| 1 year 25 Days to less than 1 year 30 Days | 4.80% | 4.80% | 3.65% | 4.80% | 4.80% | 4.80% |
| 1 year 30 Days to less than 1 year 60 Days | 4.80% | 4.80% | 3.65% | 4.80% | 4.80% | 4.80% |
| 1 year 60 Days to less than 1 year 91 Days | 4.80% | 4.80% | 3.65% | 4.80% | 4.80% | 4.80% |
| 1 year 91 Days to less than 1 year 121 Days | 4.80% | 4.80% | 3.65% | 4.80% | 4.80% | 4.80% |
| 1 year 121 Days to less than 1 year 152 Days | 4.80% | 4.80% | 3.65% | 4.80% | 4.80% | 4.80% |
| 1 year 152 Days to less than 1 year 182 Days | 4.80% | 4.80% | 3.65% | 4.80% | 4.80% | 4.80% |
| 1 year 182 Days to less than 2 year | 4.90% | 4.90% | 3.65% | 4.90% | 4.95% | 4.95% |
| 2 years to less than 2 years 182 Days | 5.10% | 5.10% | 3.65% | 5.10% | 5.20% | 5.20% |
| 2 year 182 Days to less than 3 year | 5.10% | 5.10% | 3.65% | 5.10% | 5.20% | 5.20% |
| 3 years to less than 5 years 1 Days | 5.10% | 5.10% | 3.65% | 5.10% | 5.30% | 5.30% |
| 5 years 1 Days to less than 10 years 2 Days | 5.20% | 5.20% | 3.75% | 5.20% | 5.40% | 5.40% |
Note: The rates are in effect from January 20, 2022. However, the rates may change.
Eligibility Criteria
You must meet the following eligibility requirements to obtain an Axis Bank Domestic Term Deposit FD with ease:
- Must be a resident of India
- Businesses that are sole proprietorships, traders, or partnerships
- Hindu Undivided Family Member (HUF)
- Limited Liability Corporations and Trusts
Documents Required
You must provide the required paperwork to start investing in an Axis Bank domestic term deposits FD either offline or online. The documents required are
- Official identification documents like driver’s License, Voter ID, PAN, Passport, or Aadhaar Card.
- Documents on residency proof like Passport, Drivers License, Aadhaar Card, etc.
- PAN Card
- Bank account information
- 15G/15F form to outline TDS exemption
- Recent passport size photograph
Benefits and Features
The benefits and features of the Axis Bank domestic term deposits FD are:
- This type of fixed deposit promise guaranteed returns.
- Senior citizens enjoy an extra 0.5% on the rate of interest.
- You can take a loan against the Axis Bank domestic term deposits FD
- The interest rate the bank offers is higher than the others.
- You can calculate your earnings through the online calculator provided by the bank.
How to Apply for Domestic Term Deposit FD
Axis Bank offers you to apply for domestic term deposits FD in the following methods:
Online Method
To apply for the domestic term deposit using the internet, you will have to follow the below-mentioned steps:
- Log in to your net banking account
- Scan through the deposit schemes mentioned
- Opt for the one that suits your financial obligations the best
- You will have to upload the scanned documents
- Upon making a successful initial deposit, your domestic term deposit will start
Offline Method
You can apply for Axis Bank Domestic Term Deposit FD by visiting the bank branch. You will just have to follow the below-mentioned steps:
- Visit the nearby Axis Bank location in person.
- Speak to a representative of the bank and request the application form
- Fill out the application form with the necessary information
- Attach the self-attested copies of the necessary paperwork
- Receive a receipt after paying a sum commencing investment
Download Domestic Term Deposit FD Application Form
You can download the application form for domestic term deposits FD from the bank’s official website.
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FAQs
What is a domestic term deposit in FD?
A Domestic term deposit is a fixed deposit where investors can witness their savings grow over a fixed tenure
What is a domestic term deposit in Axis Bank?
One can invest in a domestic term deposit in Axis bank with a minimum investment of INR 5,000.
Which type of FD is best in Axis Bank?
Axis Bank offers various FD schemes to its customers. You must understand each of the schemes well and choose the one that aligns with your financial goals.
