Axis Bank FD Rates For Senior Citizens 2026: Latest Rates And How To Apply
According to the official reports, Axis Bank senior citizen FD 2026 can currently earn up to 7.35% p.a.
Here is an overview of the Axis Bank FD rates for senior citizens (2026) for deposits below INR 3 crore and more than INR 3 crore but less than INR 5 crore:
| Maturity Period | Senior Citizens (< INR 3 Crore) | Senior Citizens (INR 3 to INR 5 Crore) |
| 7 – 14 days | 3.50% | 4.00% |
| 15 – 29 days | 3.50% | 4.00% |
| 30 – 45 days | 3.75% | 5.25% |
| 46 – 60 days | 4.50% | 5.50% |
| 61 days – 87 days | 5.25% | 5.75% |
| 88 days to 3 months 24 days | 5.50% | 6.00% |
| More than 3 months 24 days to 4 months | 5.50% | 4.75% |
| Above 4 months to 6 months or less | 5.50% | 6.00% |
| 6 months < 9 months | 6.00% | 6.25% |
| 9 months < 1 year | 6.25% | 6.50% |
| From 1 year up to 1 year 10 days | 6.75% | 6.75% |
| More than 1 year 10 days to 13 months | 6.75% | 6.75% |
| 13 months < 15 months | 6.75% | 6.75% |
| 15 months < 18 months | 6.95% | 7.00% |
| 18 Months < 2 years | 6.95% | 7.10% |
| More than 2 years to 3 years | 6.95% | 7.10% |
| 3 years < 5 years | 6.95% | 7.10% |
| 5 years to 10 years | 7.20% | 7.35% |
Source: Axis bank,1
Additional Rate Benefit for Senior Citizens
Compared to general citizens, senior citizens earn an additional interest rate benefit of 0.50% to 0.75% p.a., with rates reaching up to 7.35% depending on the tenure and scheme, under the latest Axis Bank FD interest rate senior category. 2
Special FD Schemes For Senior Citizens At Axis Bank
Axis Bank offers additional fixed deposit conveniences for senior citizens through its Senior Privilege Savings Account and auto-renewal facilities under the Axis Bank special FD senior offerings.
1. Senior Privilege Savings Account With Preferential FD Rates
The Senior Privilege Savings Account, also known as the Easy Access Silver Savings Account, provides senior citizens with additional FD-related benefits beyond regular deposit rates, under the Axis Bank FD scheme senior citizen category. The customers above 60 years of age can receive a preferential interest benefit of up to 0.75% on FDs and Recurring Deposits (RDs) for eligible tenures above 6 months.3
2. Auto-Renewal and FD Renewal Facility
The bank also provides an auto-renewal facility for FDs, which allows senior citizens to continue their investments automatically after maturity. Through this facility, the deposit amount and accrued interest can be reinvested into a new FD without requiring manual intervention.
The deposit can also be renewed or managed through the digital banking channels of the bank, including Internet Banking and Mobile Banking, while branch banking remains available for offline assistance and FD servicing. 4
The chart below highlights Axis Bank senior citizen FD rates for deposits below INR 3 crore across different tenures. The highest interest rates are currently offered on medium to long term deposits between 15 months and 10 years, reflecting stronger returns by the bank for longer holding periods.
Source: Axis bank,5
Taxation on Fixed Deposit Interest for Senior Citizens (Under Section 80TTB)
Under Section 80TTB of the Income Tax Act, senior citizens in India can claim a deduction of up to INR 50,000 on interest income earned from fixed deposits, savings accounts, and other eligible bank deposits.
Also, under Section 194A, banks do not deduct TDS on FD interest for senior citizens unless the total interest earned with a single bank exceeds INR 50,000 in a financial year.6
This threshold was further proposed to increase to INR 1 lakh for senior citizens in Budget 2025, with effect from 1 April 2025. TDS at 10%, with PAN availability, is deducted if this threshold is crossed.7,8
How To Open Axis Bank FD Online And Offline?
The bank allows its customers to open FDs through both digital and branch based channels under the latest Axis Bank senior citizen FD 2026 process.
To Open Axis Bank FD Online:
- Log in to the Axis Mobile application or net banking website.
- Select the ‘Fixed Deposit’ option.
- Choose the deposit value, investment period, and interest payout option.
- Enter nominee and maturity instructions.
- Confirm the details and submit the request.
- The FD amount gets debited directly from the linked bank account.
To Open Axis Bank FD Offline:
- Visit an Axis Bank branch with PAN, Aadhaar, a passport-size photograph, and address proof.
- Fill out the FD application form and select the tenure and payout option.
- The deposit amount can be funded through account transfer, cheque, or other approved banking payment modes.
- Complete KYC verification if required.
- The bank issues the FD receipt after successful processing.
Axis Bank Senior Citizen FD vs Corporate FD
Let us compare Axis Bank FD rates for senior citizens with higher-yield corporate fixed deposits available through Grip Invest.
Feature | Axis Bank Senior Citizen FD | Corporate FD on Grip Invest |
| Returns | Senior citizens can earn up to 7.20% p.a. | Usually around 8% to 10% pre-tax IRR |
| Extra Senior Citizen Benefit | Additional 0.50% to 0.75% over regular FD rates | No special senior citizen benefit |
| Minimum Investment | Starts from INR 5,000 | Starts from INR 1,000 |
| Liquidity | Premature withdrawal available with penalty | Lock-in and withdrawal rules differ across FD issuers and schemes |
| Suitable For | Suitable for conservative investors looking for stable returns. | Investors comfortable with moderately higher risk for better returns |
Source: Axis bank, Grip.
Also Read: Axis Bank FD Rates 2026
Conclusion
Axis Bank offers competitive FD rates for senior citizens in 2026, with returns reaching up to 7.35% depending on the deposit amount and tenure. Along with additional interest benefits, the bank also provides flexible renewal options, tax benefits, and digital account access, making it suitable for retirees looking for stable and predictable savings income.
Grip offers various options like corporate bonds and other fixed-income investment options with yields up to 12.5% and institutional-grade security features. Visit Grip Today!
FAQs On Axis Bank FD Rates For Senior Citizen
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Author: Grip Invest Editorial Team The Grip Invest Editorial Team is a group of Chartered Accountants, MBA (Finance) graduates, and Qualified Research Analysts dedicated to helping you invest smarter. We dive deep into India's fixed income landscape to deliver content that is accurate, up-to-date, and easy to understand. Whether you're exploring bonds, fixed deposits, or other fixed income opportunities, our guides cut through the noise and give you the clarity to make better financial decisions. |
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