Axis Bank RD Calculator

Axis Bank Recurring Deposits Explained

Axis Bank offers recurring deposits from six months to ten years with a minimum monthly instalment of ₹500, one of the lower entry points among private sector banks. The account is opened and operated through the Axis Mobile app or internet banking, with the monthly debit running as a standing instruction against a linked Axis savings account.

Axis Bank RD Schemes You Can Open

Axis keeps its recurring range compact, so the choice comes down to tenure, instalment size and who holds the account:

• •Axis Bank Recurring Deposit — The standard product, from a ₹500 monthly instalment upward in multiples of ₹100, with tenures from six months to ten years in three-month steps.
• •Encash 24 Flexi Deposit — Not a recurring deposit but the sweep facility Axis pairs with it — surplus above a threshold in the savings account moves into a deposit automatically and reverses when you need it.
• •Senior Citizen Recurring Deposit — The standard structure with the additional rate benefit Axis extends to resident depositors aged 60 and above across eligible tenures.

Missed Instalments and Early Closure at Axis Bank

Axis RD interest rates are fixed on the opening date and apply to every instalment for the whole tenure, including ones you have not paid yet. Axis charges a penalty for each month an instalment is missed, recovered when the account is regularised or set off at maturity, and sustained non-payment allows the bank to close the deposit and settle on the instalments received. Premature closure is permitted after the minimum period; the payout is recomputed at the rate that applied to the period actually served, less a penalty on that rate.

How to Check Axis Bank RD Interest Rates

RD rates change with RBI policy and each bank's own treasury decisions, so no figure is quoted on this page. Take the rate applicable to your tenure from the Axis Mobile app, Axis internet banking, or a branch, then enter it above alongside your monthly instalment to see the exact maturity value.

What Is Specific to an Axis Bank RD

• •The ₹500 minimum instalment is among the lowest offered by a large private bank, which lowers the barrier for a first recurring deposit.
• •Opening, standing instruction, maturity instruction and premature closure are all handled inside the Axis Mobile app with no branch involvement.
• •Instalments move in multiples of ₹100 above the minimum, so the monthly figure can be tuned closely to what your salary actually leaves spare.
• •Pairing the RD with the Encash 24 sweep on the linked savings account keeps the funding balance productive between instalment dates.

Enter the rate Axis Bank quotes for your chosen tenure above to see the exact maturity value and how the interest accumulates year by year.

To compare this against another lender, or against a lump-sum deposit, use the master RD calculator or the fixed deposit calculator.