Axis Bank Fixed Deposit (FD) Calculator
Compute maturity value and interest earnings on Axis Bank fixed deposits with quarterly compounding.
Official Rate Formula & Benchmark:
Axis Bank fixed deposits compound quarterly per IBA guidelines. For a 3-year deposit, the verified card rate is 7.10% p.a. (7.60% for senior citizens).
Current official starting rate: 7.10% p.a. (Range: 6.70% – 7.20% p.a.).
Axis Bank FD Calculator
Interactive calculation engine using official Axis Bank rates
Senior Citizen Benefit
Axis Bank offers 7.60% p.a. (+0.50% extra) for age 60+
Deposit Growth Schedule
| Year | Cumulative Interest | Closing Value |
|---|---|---|
| Year 1 | ₹36,456 | ₹5,36,456 |
| Year 2 | ₹75,571 | ₹5,75,571 |
| Year 3 | ₹1,17,538 | ₹6,17,538 |
Rate Verification & Official Notice
7.10% p.a.
6.70% – 7.20% p.a.
fixed RateRBI Repo Linked / Card Rate
Senior Citizens: up to 7.60% p.a.Applicable Conditions & Eligibility Factors:
- Quarterly compounding on domestic retail term deposits
- Senior citizen 50 bps extra
Source: Axis Bank Fixed Deposit Rates
Rates subject to borrower risk-grade & RBI regulatory changes.How It Works
- 1Quarterly compounding applied to domestic retail term deposits.
- 2Senior citizens receive an additional 0.50% interest rate.
Key Factors Influencing Your Rate
- •Tenure selection
- •Tax saver 5-year FD option
Worked Numerical Example: Axis Bank FD Calculator
A fixed deposit of ₹5,00,000 placed for 3 years at 7.10% p.a. with quarterly compounding matures at ₹6,17,538, earning ₹1,17,538 in cumulative interest.
Frequently Asked Questions: Axis Bank FD Calculator
- How is interest compounded?
- Quarterly compounding standard.
- Can I open online?
- Yes, via Axis Mobile app.