In the wake of the RBI repo rate cut, Axis Bank has changed the FD interest rates for deposits below ₹3 crore. Effective from April 23, 2025, the revised interest rates will be valid for general citizens and senior citizens, with the latter getting higher benefits.
With FD rates being cut by leading banks like SBI, HDFC Bank, ICICI Bank, and Canara Bank, investors have been urged to lock their funds before further rate reductions.
Latest Axis Bank FD Interest Rates (2025)
Here’s a quick look at the revised FD interest rates offered by Axis Bank:
| Tenure | General Citizens (% p.a.) | Senior Citizens (% p.a.) |
|---|---|---|
| 7 – 14 days | 3.00% | 3.50% |
| 15 – 29 days | 3.00% | 3.50% |
| 30 – 45 days | 3.50% | 4.00% |
| 46 – 60 days | 4.25% | 4.75% |
| 61 – 87 days | 4.50% | 5.00% |
| 88 days – 3 months 24 days | 4.75% | 5.25% |
| 3 months 25 days – 4 months | 4.75% | 5.25% |
| 4 months – 6 months | 4.75% | 5.25% |
| 6 months – 9 months | 5.75% | 6.25% |
| 9 months – 1 year | 6.00% | 6.50% |
| 1 year – 1 year 10 days | 6.70% | 7.20% |
| 1 year 11 days – 13 months | 6.70% | 7.20% |
| 13 months – 15 months | 6.70% | 7.20% |
| 15 months – 18 months | 7.25% | 7.75% |
| 18 months – 2 years | 7.25% | 7.75% |
| 2 years – 3 years | 7.10% | 7.60% |
| 3 years – 5 years | 7.10% | 7.60% |
| 5 years – 10 years | 7.00% | 7.75% |
- Highest FD rates: 7.25% (general) & 7.75% (seniors) for 15 months to 2 years.
- Senior citizens get 0.50% extra on most tenures.
- Short-term FDs (7 days to 1 year) offer lower returns but more liquidity.
Axis Bank Fixed Deposit Benefits
Safe & Secure: FDs are truly low-risk investments regulated by the RBI.
- Higher-than-Savings-Account Returns: FDs fetch a higher rate of interest than savings accounts.
- Flexible Tenures: 7 days to 10 years.
- Several Payout Options: Interest paid monthly or quarterly or at maturity.
- Privileged Senior Citizen Rates: Higher returns for investors above the age of 60 years.
Tax implications to consider
- Interest earned will be treated as “Income from Other Sources” and will be taxable.
- TDS deduction after earning interest of more than ₹40,000/year (₹50,000 for seniors).
Disclaimer: Interest rates are subject to change. Please check Axis Bank’s official website for the latest updates.
