Axis Bank Recurring Deposit Interest Rate

Axis Bank Recurring Deposit account open from 6 months to 120 months.

Axis Bank RD Interest rates ranging from 4.40% to 6.50%.

For Senior Citizen - Axis Bank RD Interest rates ranging from 4.90% to 6.90%.

Axis Bank Recurring Deposit Interest Rate

Minimum Deposit Amount - Rs. 500

Additional Interest Rate for Senior Citizen - Upto 0.65%

In case of premature withdrawal, ROI will be 1% below the rate applicable for the period the deposit has remained with the bank.  

 You need to submit a declaration under Section 197A of the Income Tax Act in Form 15-G or Form 15-H, as applicable.

What is the TDS threshold limit? - It is Rs.40,000 in a financial year for general citizens while for senior citizens it is Rs.50,000.