Axis Bank advertises a fixed deposit rate of 6.50% p.a. onwards. This page holds that figure, what it works out to in rupees after tax, and where it sits against the other providers we track.
| Advertised rate | 6.50% p.a. onwards |
|---|---|
| Bank type | Private sector bank |
Checked at source 2 Oct 2026 · Each bank’s own rate page or rate card, deposits below ₹3 crore
Rate, maximum and fees
| Advertised rate | Maximum rate | Terms | Fee |
|---|---|---|---|
| 6.50% | — | 7.25% for senior citizens | 18 months to 10 years (senior rate at 5–10 years) |
Checked at source 2 Oct 2026 · Each bank’s own rate page or rate card, deposits below ₹3 crore
What that costs in rupees
On ₹5,00,000 for 5 years, compounded quarterly:
| Interest at 6.50% | ₹1,90,210 |
|---|---|
| After tax at the 30% slab | ₹1,30,864 |
| What you get at maturity, after tax | ₹6,30,864 |
Interest is taxed at your slab rate, so this assumes the top slab plus 4% cess. At a lower slab you keep more. TDS applies once interest crosses the annual threshold. Change the amount or the tenure in the FD calculator to see your own figure.
How it compares
Axis Bank is the joint 9th highest of the 12 providers we track — 1.75% below Suryoday Small Finance Bank at 8.25%. The full ladder is in our table of the best FD rates.
What moves this rate
Private sector bank. Floating retail loans are priced off an external benchmark, so RBI rate cuts pass through within a reset cycle.
FD interest is taxed at your normal slab rate. There is no special treatment, so the advertised rate is a before-tax figure. At the 30% slab plus 4% cess, roughly a third of it goes in tax. The bank also cuts TDS once your interest crosses the yearly limit.
Deposit insurance matters more than the last few decimal points of rate. DICGC covers ₹5 lakh per person per bank, including interest. Anything above that in one bank is uninsured, however good the rate looks. Splitting money across banks keeps every rupee covered.
Other Axis Bank products
The rest of the bank’s rate card sits on our Axis Bank page, including the Axis Bank personal loan at 10.99% onwards. Rates for regular and senior citizens, and what you keep after tax, are broken out on the Axis Bank fixed deposit interest rate page.
Terms change without notice. Confirm the current figures with Axis Bank before you act.
Related reading
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