Estimates assume on-time monthly installments and quarterly compounding. Confirm the term, minimum installment, late payment rules, and early closure terms with the bank.
Axis Bank (Axis) is a private sector bank, headquartered in Mumbai, established in 1993. Its headline 1-year FD rate of 6.25% is 0.23% below the private sector average of 6.48%, ranking #739 of 1033 banks on RateScan.in.
Figures marked “approx.” are rounded public estimates as of 2024.
Health indicators sourced from official 2025 disclosures. CRAR ≥ 16% = strong · Net NPA < 1% = healthy · Verify before investing.
Rates as of 9 Nov 2026, verified from official source. Scheduled private sector bank: deposits insured by DICGC up to ₹5,00,000.
Every RBI press release since 1 Jan 2024 that names Axis Bank, newest first, each linked to RBI. Checked every week; last on 11 Nov 2026.
A monetary penalty is a fine for not following an RBI rule. On its own it does not stop the bank taking or repaying deposits; RBI does that through directions, which are listed here when they apply.
RBI fined the bank ₹29.60 lakh
RBI's reason: “for non-compliance with certain directions issued by RBI on ‘Un-authorized Operation of lnternal / Office Accounts’”
“The bank routed unauthorised or unrelated entries through certain internal / office accounts.”
RBI says: “The action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”
RBI fined the bank ₹1.91 crore
RBI's reason: “for contravention of provisions of Section 19 (1) (a) of the Banking Regulation Act, 1949 (BR Act), and non-compliance with certain directions issued by RBI on ‘Interest Rate on Deposits’, ‘Know Your Customer (KYC)’ and ‘Credit Flow to Agriculture- Collateral free agricultural loans’”
“The bank opened certain savings deposit accounts in the name of ineligible entities; The bank had allotted multiple customer identification code to certain customers instead of a Unique Customer ldentification Code (UCIC) for each customer; The bank had obtained collateral security for agricultural loans upto ₹1.60 lakh in certain cases; and A wholly owned subsidiary of the bank undertook business of technology service provider, which is not permissible business that can be undertaken by a banking company under Section 6 of the BR Act.”
RBI says: “The action is based on deficiencies in statutory and regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”
This record covers RBI press releases only. Other actions, such as those of a state's Registrar of Co-operative Societies, are not included.
6,605 branches in 590 districts
Most branches: Delhi 239, Bengaluru Urban 215, Mumbai 165
From RBI's IFSC directory (updated 1 Nov 2026). Counts can include recently merged or closed branches; check the bank's branch locator before visiting.
Every rate, tenure by tenure, and what your money grows to.
Changes to Axis's fixed deposit (FD) rates that RateScan.in has recorded since it started tracking them on 20 Sept 2026. Each date is when RateScan.in first recorded the new rate; the bank's own effective date is in the rate table above.
See Axis FD rates side by side against India's top banks.
Informational only. Always confirm the current rate on the official Axis website before investing. Bank names and associated colors are used for identification purposes only. All bank names, logos, and trademarks are the property of their respective owners. RateScan.in is not affiliated with, endorsed by, or sponsored by any bank.
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