Investment starts from
₹5,000
Tenures ranging from 30 days
to 5 years
Quick online deposits
Safe, guaranteed returns

Fixed Deposits (FDs)

Fixed Deposits (FDs) offer a secure and flexible way to grow your savings. With competitive interest rates and a minimum deposit of just ₹5,000, Dravyax india FDs are accessible to investors of all types. You can choose from a variety of deposit tenures ranging from 30 days to 5 years to match your financial goals.

Dravyax india’s digital banking platform makes it easy to open, manage and renew your FDs online. Additionally, you can benefit from an automatic roll-out facility that allows your FD interest to be reinvested or transferred to another account seamlessly.

Features & Benefits Calculator Interest Rates Eligibility & Documentation How to Apply Types of FD FAQs Features & Benefits

Features & Benefits

Guaranteed Returns and Minimal Risk

FDs offer secure and predictable investment options with guaranteed returns.

Higher Interest Rates Than Savings Accounts

FDs typically offer significantly higher interest rates compared to Savings Accounts, making them a more lucrative option to grow your savings.

Tax-Savings Benefits

Certain fixed deposits in India offer tax benefits under Section 80C, reducing your taxable income.

Convenient and Quick Opening

Opening an online Fixed Deposit is quick and easy, saving time and effort.

Suitable for Long-Term Financial Goals

Ideal for long and medium-term goals due to higher interest rates.

Provides Liquidity

You can avail of loan against FDs, offering liquidity without breaking the deposit before the maturity period.

FD Calculator

₹
%
Yr
Invested amount ₹ 1,00,000
Est. returns ₹38,042
Total value ₹1,38,042

Fixed Deposits Interest Rates

Axis Bank offers competitive interest rates, depending on the tenure, deposit amount and customer category. The tenure for our Fixed Deposits ranges from 7 days to 10 years. You can use our fixed deposit calculator to calculate the rate payable.

Factors that Affect FD Interest Rates

  • Tenure: Longer tenures generally offer higher interest rates, so if you do not need immediate access to your funds, opting for a longer duration may be a better option.
  • Depositor’s age: Senior citizens, typically those above 60 years of age, benefit from higher interest rates.
  • Deposit amount: Higher deposit amounts can attract higher interest rates, particularly with options like Fixed Deposit Plus.

Tax Impact on Fixed Deposits

Tax Deducted at Source (TDS) on interest earned from fixed deposits is governed by the prevailing Income Tax regulations. TDS is deducted based on the total projected interest on all fixed deposits held by a customer in a financial year. If the projected interest exceeds the specified threshold limit, TDS is deducted proportionately from the fixed deposits at the time the interest is credited. This is in accordance with Section 194A of the Income Tax Act.

Documents Required to Open a Fixed Deposit

Only for non-Axis Bank account holders

  • Residency: You need to be a resident of India while opening the FD Account
  • Identification: A valid PAN and Aadhaar card are necessary
  • Aadhaar link: Your mobile number must be linked to your Aadhaar card

Documents Required to Open a Fixed Deposit

Only for non-Axis Bank account holders

  • Residency: You need to be a resident of India while opening the FD Account
  • Identification: A valid PAN and Aadhaar card are necessary
  • Aadhaar link: Your mobile number must be linked to your Aadhaar card

How to Apply for a Fixed Deposit?

Apply for a Fixed Deposit online through Internet Banking, Mobile Banking or by simply visiting your nearest Axis Bank branch where our representatives can guide you through the process. Here are the simple steps through which you can apply for Axis Bank’s FD online through Axis Bank’s Internet or Mobile Banking services.

Open Bank FD Online in 4 Easy Steps

  • 01Access Axis Bank’s ‘Fixed Deposit’ section, click on ‘Open Digital FD’
  • 02On the next page, click on the ‘Book FD’ option and add all your details to the pop-up section. Then click on ‘Proceed’.
  • 03Fill in the required account and nominee details
  • 04You will be directed to the detailed forms and application page.
  • 05Fill in all details for verification and after your KYC video call, your FD will be booked for your investment.
Open FD Now

Open Bank FD Online in 4 Easy Steps

  • 01Access Axis Bank’s ‘Fixed Deposit’ section, click on ‘Open Digital FD’
  • 02On the next page, click on the ‘Book FD’ option and add all your details to the pop-up section. Then click on ‘Proceed’.
  • 03Fill in the required account and nominee details
  • 04You will be directed to the detailed forms and application page.
  • 05Fill in all details for verification and after your KYC video call, your FD will be booked for your investment.
Open FD Now

Types of Fixed Deposits

Axis Bank offers a variety of Fixed Deposit in India tailored to meet the financial aspirations of our clientele.

Auto Fixed Deposit
auto fd
  • Link your Savings Account to an Auto Fixed Deposit for the dual benefits of liquidity and higher interest rates.
  • Funds surpassing a certain threshold in your Savings Account are automatically directed to your FD.
  • Access funds in your Auto Fixed Deposit through an ATM or cheque, ensuring ready availability.
Explore More Apply Now
Fixed Deposit Plus
fd plus
  • Achieve a higher interest rate with Fixed Deposit Plus compared to conventional Fixed Deposits.
  • Begin with a minimum investment of ₹2 crore.
  • Opt for either monthly, quarterly or reinvestment interest payout to suit your financial strategy.
Explore More Apply Now
Tax-Saver Fixed Deposit
tax saver
  • Allocate funds towards a Fixed Deposit scheme that also provides tax-saving advantages.
  • Gain tax deductions on investments up to ₹1.5 lakh under section 80C of the Income Tax Act.
  • Commit to a 5-year lock-in period to secure your principal investment.
Explore More Apply Now
Digital Fixed Deposit
digital fd
  • Open a Digital FD instantly using internet banking or mobile app.
  • Enjoy paperless booking and instant confirmation.
  • Manage or close your FD online anytime.
Explore More Apply Now
Pre-qualified 24×7 Overdraft Against Fixed Deposit

Advantages of Fixed Deposits

  • Secure and Stable: FDs offer a safe investment option, ideal for investors seeking predictable returns.
  • Fixed Interest Rates: You get fixed rates that do not fluctuate with market volatility throughout the duration of your FD.
  • Flexible Tenures: It allows you to pick a tenure that suits your financial timeline.
  • Guaranteed Returns: You know the exact maturity amount right from the start.
  • Liquidity: You can easily withdraw your FD in emergencies without significant delays.
  • Investment Flexibility: You can contribute either in a lump sum or through monthly instalments, based on your cash flow.
  • Monthly Income for Seniors: Senior citizens can opt for monthly interest payouts, ensuring a steady income stream.
  • Loan Facilities: You can secure a loan against your FD at lower interest rates than unsecured loans, without disturbing your investment.
  • Overdraft Facility: You can access an Overdraft on your FD during emergencies. You only need to pay interest on the amount you use, while the rest of your deposit continues to accumulate interest.
  • Tax Benefits: You can invest in a Tax-Saver FD and get an exemption up to ₹1.5 lakh under Section 80C of the Income Tax Act.

Frequently Asked Questions

A Fixed Deposit is a secure investment method where you deposit money for a fixed period to earn interest at fixed rates throughout the term.

FDs offer guaranteed returns, safety of capital, and flexible tenures.

Any individual, HUF, or company with valid KYC documents can open an FD.

Yes, you can withdraw before maturity, but a small penalty may apply depending on the bank’s policy and the tenure completed.

Tax-Saver FDs allow you to claim tax benefits under Section 80C of the Income Tax Act with a lock-in period of 5 years.

Senior citizens can enjoy higher interest rates and monthly interest payout options for a steady income stream.

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