AXIS BANK FD (Fixed Term Deposit) INTEREST RATES AS ON 24.02.2012 :

The latest interest rates of Axis Bank available for General public and senior citizens of FD (Fixed Term Deposit).  The below mentioned interest rates are most competitive to other Banks.

• Interest would be calculated on a quarterly basis for deposit with tenure of 6 months and above.
• Interest earned during the previous quarter is added to the Principal for calculation of interest.
• Simple Interest would be calculated for less than 6 months deposits.
• On premature withdrawal of the deposit, interest shall be paid only for the period for which the deposit is maintained with the Bank and at the rate applicable for such period.
• Interest can be paid quarterly on customer request.
• TDS (Tax Deducted at Source) as per the Income Tax regulations.

Documents required to open a FD (Fixed Term Deposit) for an individual.

• Application form duly filled would be available in Bank’s branch.
• A valid passport or a valid driving license.
• An introduction by any other bank or an introduction by an Axis Bank Savings Account holder for the last six months.
• A photograph.

AXIS BANK RECURRING DEPOSIT SCHEME FEATURES AND RATE OF INTEREST

RECURRING DEPOSITS – These are a collection of small deposits accumulated over a period of time. Every month you can deposit a small portion of your income and then withdraw in times of greater need like marriage, renovation of house or higher studies. These small investments can also be used and turn out to be lifesavers in times that are not exactly expected circumstances.

Features

~ Recurring deposits are accepted in equal monthly installments of minimum Rs 1,000 and above in multiples of Rs 500 thereafter. (more…)

INTEREST RATES ON FIXED TERM RECURRING DEPOSITS AND SAVINGS A/C

FOR SENIOR CITIZENS

15 Days to 29 Days – 2.50

30 days to 45 days – 3.00

46 days to 60 days – 3.50 (more…)

Documents Required to Open a New Axis Bank FD Account

If you do not have an existing banking relationship with this institution, then you will be typically required to present the documents listed below along with your application form to open an account. Note that different institutions may have their own individual requirements which may differ from the ones listed below.

- 1 Passport size Photograph of each joint applicant

- PAN Card or Form No. 60/61 for those who do not have a PAN card as per IT rules

- Cash / self-drawn Cheque for fixed deposit amount.

- Nomination Form (if a nomination is to be made)

- Form No. 15G or 15H (for people over 65) if you are eligible for no Tax Deduction at Source (TDS) to be made by the bank on your fixed deposit interest income.

- Identity Verification (provide one of following): Passport, Driving License, Letter from the Employer (Reputed Firms / Pvt / Ltd Co.) holding an account with the bank, Letter from any Schedule Bank, PAN Card, Voters ID Card, Pass Book with attested photograph, Photo Ration Card, Letter from village Pradhan, Village Accountant or Block Development Officer / Revenue Officials / Photo Ration Card for Head of the Family for rural or semi-urban branches, MAPIN issued by NSDL on behalf of SEBI, Photo Credit / Debit Card with signature, BSF/Defense/Govt./Public Sector/Reputed MNCs / Public Ltd Co – ID Card, Dependent’ss Card issued by Defense Authorities, Senior Citizen’s card issued by Govt. Agencies, Letter from recognised public authority, Any other document acceptable to the bank

- Address Verification (provide one of following): Passport, Driving License, Letter from the Employer (Reputed Firms / Pvt / Ltd Co.) holding an account with the bank, Letter from any Schedule Bank, Pan Allotment / Intimation letter, which is less than 5 years old from the date of issue, Voters ID Card, Pass Book with attested photograph, Photo Ration Card, Ration Card, Letter from village Pradhan, Village Accountant or Block Development Officer / Revenue Officials / Photo Ration Card for Head of the Family for rural or semi-urban branches, Pass Book / Bank Statement – Not more than 3 months old, Credit Card Statement – Not more than 3 months old, Electricity / Telephone Bill – Not more than 3 months old, Latest House Tax Receipt from Municipal Office, LIC Policy OR Latest Premium Notice, IT Assessment Order or Acknowledgement copy of IT Return with PAN, Lease Agreement or Purchase Agreement – Subject to conditions, Cooking Gas Consumer Book / Vehicle Registration Certificate, Any other document acceptable to the bank

- Signature Verification (provide one of following): Passport, Driving License, Letter from the Employer (Reputed Firms / Pvt / Ltd Co.) holding an account with the bank, Letter from any Schedule Bank, PAN Card, MAPIN issued by NSDL on behalf of SEBI, Photo Credit / Debit Card with signature, BSF/Defense/Govt./Public Sector/Reputed MNCs / Public Ltd Co – ID Card, Dependent’ss Card issued by Defense Authorities, Self Cheque of another bank, Letter from recognised public authority, Any other document acceptable to the bank

- Age Verification for senior citizens (provide one of following): Senior School Leaving Certificate indicating date of birth, LIC policy, Voters Identity Card, Pension Payment Order, Birth Certificate issued by the competent authority, Passport, Any other document acceptable to the bank

Fixed Deposit Rates in Axis Bank

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