Calculate your Fixed Deposit Maturity Value at the click of a button
How do you like to receive your FD returns?
Compounding Period
Total Investment
Total Returns
Your total earning will be
₹ 3,00,000
After 1 Month, You will
earn
₹ 1,38,232
with
₹ 38,282
as interest
Once for 1 Month, to
recieve
₹ 5,000 monthly
you need to invest
₹ 9,23,077
Hey! Please select a valid input
| Principal (Opening) | Interest | Principal (Closing) |
|---|
AXIS bank is known to offer a pool of investment products. You can choose the option meeting your investment needs.
If you wish to make investment in AXIS bank fixed deposit scheme, prefer using the dependable AXIS BANK FD Calculator available for the use at no cost.
A Bank Fixed Deposits (FD) is comparatively secure and hassle-free investment option suitable for all type of investors in India. The interest income is stable, and the return is predictable. The rate of interest helps you earn the return that you get together along with the principal at the maturity. A bank FD is also suitable for the investors who are conservative investors like senior citizens.
The AXIS Bank considers simple interest to calculate the interest on a FD with a less than 6 months tenure. On the other hand, fixed deposits having a tenure of 6 months and above is compounded quarterly. For the calculation of interest, the interest earned during the previous quarter is added to the principal.
The interest paid by the AXIS Bank will be calculated at a discounted rate over the standard rate for monthly interest payout option. The interest is calculated and paid quarterly in the condition when you chose the option of quarterly payout.
Once you click ‘Calculate’, it will display in front of you the interest that you will earn and the maturity amount.
Along with the advantages, a bank FD also has certain limitations. Low liquidity and less interest as compared to other investment products in the market. The returns decrease because of tax applicable to it. Also, it is not effective in the growing inflation situation in the market.
Bank Fixed Deposits (FDs) is not suitable for long-term wealth creation. It is also not the right choice for the high-risk appetite investors who are in their 20s or 30s.
| Tenure | Interest Rates for General Citizens (p.a.) | Interest Rates for Senior Citizens (p.a.) |
|---|---|---|
|
7 days to 14 days |
3.50% |
3.50% |
|
15 days to 29 days |
3.50% |
3.50% |
|
30 days to 45 days |
3.50% |
3.50% |
|
46 days to 60 days |
4.00% |
4.00% |
|
61 days < 3 months |
4.50% |
4.50% |
|
3 months < 4 months |
4.75% |
4.75% |
|
4 months < 5 months |
4.75% |
4.75% |
|
5 months < 6 months |
4.75% |
4.75% |
|
6 months < 7 months |
5.75% |
6.00% |
|
7 months < 8 months |
5.75% |
6.00% |
|
8 months < 9 months |
5.75% |
6.00% |
|
9 months < 10 months |
6.00% |
6.25% |
|
10 months < 11 months |
6.00% |
6.25% |
|
11 months to 11 months 24 days |
6.00% |
6.25% |
|
11 months 25 days < 1 year |
6.00% |
6.25% |
|
1 year to 1 year 4 days |
6.75% |
7.50% |
|
1 year 5 days to 1 year 10 days |
6.80% |
7.55% |
|
1 year 11 days to 1 year 24 days |
6.80% |
7.55% |
|
1 year 25 days < 13 months |
6.80% |
7.55% |
|
13 months < 14 months |
7.10% |
7.85% |
|
14 months < 15 months |
7.10% |
7.85% |
|
15 months < 16 months |
7.10% |
7.85% |
|
16 months < 17 months |
7.10% |
7.85% |
|
17 months < 18 months |
7.10% |
7.85% |
|
18 Months < 2 years |
7.10% |
7.85% |
|
2 years < 30 months |
7.05% |
7.80% |
|
30 months < 3 years |
7.00% |
7.75% |
|
3 years < 5 years |
7.00% |
7.75% |
|
5 years to 10 years |
7.00% |
7.75% |
Note: The interest rate is subject to change. Hence, customers are advised to check the current rate of interest before investing in AXIS bank fixed deposits. effective from April 1, 2023, to June 30, 2023
AXIS BANK FD Calculator isa free to use calculator for you.
No, the AXIS bank fixed deposit calculator is an easy-to-use tool.
You need to enter the deposit amount, tenure, interest rate, and choose the type of fixed deposit.
Yes, AXIS Bank provides the premature withdrawal facility on its FDs subject to terms and conditions.
The shortest FD account tenure in AXIS Bank is 7 days.
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SEBI Registration No. : INZ000296636 | BSE Member ID: 6746 | NSE Member ID: 90329
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