Axis Bank and Kotak Mahindra Bank revise FD rates; know how much you can get

For general citizens, rates start at 3.00 percent for 7–29 days, rise to 3.25 percent for 30–45 days, 4.00 percent for 46–87 days, and 4.50 percent for 88 days to under 6 months

• Axis Bank to revise FD rates from Jan 15, 2026 for deposits under Rs 3 crore
• Senior citizens get up to 7.20 percent, general depositors up to 6.45 percent
• Axis Bank launches 'Lock FD' feature to prevent online fraud on fixed deposits

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Axis Bank has introduced new fixed deposit (FD) rates, effective from January 15, 2026. For domestic fixed deposits of less than Rs 3 crore, the interest rates vary depending on the maturity period for general and senior citizens.

For general citizens, rates start at 3.00 percent for 7–29 days, rise to 3.25 percent for 30–45 days, 4.00 percent for 46–87 days, and 4.50 percent for 88 days to under 6 months. Deposits of 6 to under 9 months earn 5.50 percent, while 9 months to under 1 year fetch 5.75 percent. For longer tenures, Axis Bank offers 6.25 percent for 1 year up to under 15 months, with rates increasing to 6.45 percent for deposits from 15 months up to 10 years.

For senior citizens, interest rates are higher across tenures. Rates begin at 3.50 percent for 7–29 days, increase to 3.75 percent for 30–45 days, 4.50 percent for 46–87 days, and 5.00 percent for 88 days to under 6 months. Deposits of 6 to under 9 months earn 6.00 percent, while 9 months to under 1 year offer 6.25 percent. For longer durations, senior citizens receive 6.75 percent for 1 year up to under 15 months, rising to 6.95 percent for deposits from 15 months up to under 5 years, with the highest rate of 7.20 percent for tenures ranging from 5 to 10 years.

Kotak Mahindra Bank has also revised its fixed deposit interest rates with effect from January 14, 2026. Under the updated structure, senior citizens can earn up to 7.20 per cent, while other depositors are offered rates of up to 6.70 per cent.

Axis Bank has also recently rolled out a new security feature called ‘Lock FD’, aimed at safeguarding customers’ fixed deposits from online fraud. It is available through the bank’s mobile app as well as at branches. The feature allows customers to restrict premature withdrawals via digital channels, adding an extra layer of protection to their deposits.