Personal Finance News
Axis Bank revises its fixed deposit rates: Senior citizens can now get up to 7.2% interest rate
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6 min read | Updated on April 09, 2026, 18:55 IST
SUMMARY
Axis Bank, after the RBI's monetary policy announcement yesterday, is among the first banks to announce fresh rates on FDs.
The new rates were announced after RBI Governor, Sanjay Malhotra, in his first bi-monthly monetary policy meeting for fiscal year 2026-27, held the key policy rate steady at 5.25%.
The private sector lender Axis Bank revised its FD rates on Thursday, April 9, 2026. The new rates were announced after RBI Governor, Sanjay Malhotra, in his first bi-monthly monetary policy meeting for fiscal year 2026-27, held the key policy rate steady at 5.25%.
Axis Bank announced the new rates for fixed deposits less than ₹5 crore, as well as deposits of ₹5 crore and above.
| Maturity Period | General (< ₹3 Cr) | General (₹3 Cr to < ₹5 Cr) | Senior Citizen (< ₹3 Cr) | Senior Citizen (₹3 Cr to < ₹5 Cr) |
|---|---|---|---|---|
| 7 – 14 days | 3.00% | 3.50% | 3.50% | 4.00% |
| 15 – 29 days | 3.00% | 3.50% | 3.50% | 4.00% |
| 30 – 45 days | 3.25% | 4.75% | 3.75% | 5.25% |
| 46 – 60 days | 4.00% | 5.00% | 4.50% | 5.50% |
| 61 – 87 days | 4.75% | 5.25% | 5.25% | 5.75% |
| 88 days – 3 months 24 days | 5.00% | 5.50% | 5.50% | 6.00% |
| 3 months 25 days to < 4 months | 5.00% | 4.25% | 5.50% | 4.75% |
| 4 months to < 6 months | 5.00% | 5.50% | 5.50% | 6.00% |
| 6 months to < 9 months | 5.50% | 5.75% | 6.00% | 6.25% |
| 9 months to < 1 year | 5.75% | 6.00% | 6.25% | 6.50% |
| 1 year – 1 year 10 days | 6.25% | 6.25% | 6.75% | 6.75% |
| 1 year 11 days to < 13 months | 6.25% | 6.25% | 6.75% | 6.75% |
| 13 months to < 15 months | 6.25% | 6.25% | 6.75% | 6.75% |
| 15 months to < 18 months | 6.45% | 6.50% | 6.95% | 7.00% |
| 18 months to < 2 years | 6.45% | 6.60% | 6.95% | 7.10% |
| 2 years to < 3 years | 6.45% | 6.60% | 6.95% | 7.10% |
| 3 years to < 5 years | 6.45% | 6.60% | 6.95% | 7.10% |
| 5 years to 10 years | 6.45% | 6.60% | 7.20% | 7.35% |
| Maturity Period | ₹5 Cr to < ₹10 Cr | ₹10 Cr to < ₹25 Cr | ₹25 Cr to < ₹50 Cr | ₹50 Cr to < ₹100 Cr | ₹100 Cr to < ₹200 Cr | ₹200 Cr to < ₹500 Cr | ₹500 Cr & Above |
|---|---|---|---|---|---|---|---|
| 7 – 14 days | 3.50% | 3.50% | 3.75% | 3.75% | 3.75% | 3.75% | 3.75% |
| 15 – 29 days | 3.50% | 3.50% | 3.75% | 3.75% | 3.75% | 3.75% | 3.75% |
| 30 – 45 days | 4.80% | 4.80% | 4.80% | 4.80% | 4.80% | 4.80% | 4.80% |
| 46 – 60 days | 5.00% | 5.00% | 5.00% | 5.00% | 5.50% | 5.50% | 5.50% |
| 61 – 87 days | 5.30% | 5.30% | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% |
| 88 days – 3 months 24 days | 5.60% | 5.60% | 6.25% | 6.25% | 6.25% | 6.25% | 6.25% |
| 3 months 25 days to < 4 months | 4.25% | 4.25% | 4.25% | 4.25% | 4.25% | 4.25% | 4.25% |
| 4 months to < 6 months | 5.60% | 5.60% | 6.25% | 6.25% | 6.25% | 6.25% | 6.25% |
| 6 months to < 9 months | 5.80% | 5.80% | 6.50% | 6.50% | 6.50% | 6.50% | 6.50% |
| 9 months to < 1 year | 6.05% | 6.05% | 6.65% | 6.65% | 6.65% | 6.65% | 6.65% |
| 1 year – 1 year 10 days | 6.65% | 6.65% | 6.80% | 6.80% | 6.80% | 6.80% | 6.99% |
| 1 year 11 days to < 13 months | 6.65% | 6.65% | 6.80% | 6.80% | 6.80% | 6.80% | 6.80% |
| 13 months to < 15 months | 6.65% | 6.65% | 6.80% | 6.80% | 6.80% | 6.80% | 6.80% |
| 15 months to < 18 months | 6.60% | 6.60% | 6.60% | 6.60% | 6.90% | 6.60% | 6.60% |
| 18 months to < 2 years | 6.60% | 6.60% | 6.60% | 6.60% | 6.60% | 6.60% | 6.60% |
| 2 years to < 3 years | 6.60% | 6.60% | 6.60% | 6.60% | 6.60% | 6.60% | 6.60% |
| 3 years to < 5 years | 6.60% | 6.60% | 6.60% | 6.60% | 6.60% | 6.60% | 6.60% |
| 5 years to 10 years | 6.60% | 6.60% | 6.60% | 6.60% | 6.60% | 6.60% | 6.60% |
Of all the major commercial banks, Axis Bank after the latest revision offers the highest rate of interest to senior citizens for a 5-year FD for term deposits of less than ₹5 crore.
Also, for the ₹5 crore and above FD amounts, the highest rate of interest offered by Axis Bank is 6.99%.
Conservative investors with a low-risk appetite can consider parking their surplus cash in FDs to reap a fixed return. Further, the RBI Governor in his monetary policy statement yesterday hinted at a prolonged pause on rate cuts given that inflation is on the rise. Thus, chances of FD rates reducing in the near term look slim.
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