. For terms & conditions and any other details, please contact your nearest Axis Bank Branch. Rates are subject to change without any prior notice.The Bank at its discretion, may disallow premature withdrawal of large deposits. Mar 30, 2019 Axis Bank long-term Term Deposits. Period of deposit: Above 5 years to 10 years; Rate of interest: 7.25% p.a. Axis Bank Fixed Deposit rates for Senior Citizens. Senior Citizens are eligible to receive 0.50% higher interest on FDs under Rs.5 crore. Highest Axis Bank FD rate for senior citizens: 8.30% p.a.

Axis Bank Fixed Deposit Interest Rate Calculator calculates the interest earned on a fixed deposit with the help of outlined components:

(1) Deposit Amount

It is an amount which an FD account holder wants to invest in the fixed deposit. It is also called principal. It is to be remembered that this amount can be deposited only once hence you have to decide the amount to be invested according to your investment objectives.

(2) Interest Rate

It is the rate of interest offered by the bank where you open the FD. It differs for different tenures. Once FD is opened for a specific tenure then the interest rate will remain the same for the whole tenure.

(3) Term of Deposit (FD Tenure)

It is the duration for which the amount is invested in an FD which may vary from 7 days to 10 years. In the calculator, you can select the tenure in days, months or year.

Axis Bank Fixed Deposit Rates 2020 Pdf

(4) Compounding of Interest

Axis Bank Interest Rate

Interest can be compounded on monthly, quarterly, half yearly or annual basis. It can be a simple interest as well. You need to enter it based on the offer by the bank.