![]() In other words, the interest accrued on the fixed deposit each quarter is invested along with the principal. Or paid out to a different account.ĭepositors can earn more interest with interest reinvestment. Furthermore, the scheme offers an auto roll out facility, where the fixed deposit interest is credited to the designated account. The scheme offers competitive interest rates to both long and short term fixed deposit investments. Also, the account offers an easy transfer facility from a savings account to a fixed deposit. ![]() This article covers Axis bank FD, its features and interest rates in detail.Īxis Bank Fixed Deposit (FD) is one of the most convenient and safe ways to grow savings. One can invest in Axis Bank FDs in a hassle-free manner, enjoy their flexible tenures, and seamless transfers with just a minimum investment of INR 5,000. The interest rate on Axis Bank FDs is higher than their savings account. Axis Bank offers multiple fixed deposits for various tenures with different interest rates to its investors.
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