Axis Bank Fixed Deposit Calculator

Investing in Fixed Deposits (FDs) is a trusted and secure way to grow your savings over time. However, determining the exact returns can be tricky due to varying interest rates and compounding frequencies. That’s where the Axis Bank Fixed Deposit Calculator proves useful.

This convenient online tool helps you estimate the maturity amount of your FD by simply entering details such as the deposit amount, interest rate, investment tenure, and compounding frequency. It enables you to evaluate various investment options and make well-informed choices that suit your financial objectives and risk tolerance.

Using the FD calculator adds clarity to your planning and helps you fine-tune your strategy for maximum returns.

• Enables Informed Decision-Making
  An FD calculator gives you a clear estimate of your returns based on factors like principal amount, interest rate, and tenure. This helps you compare different deposit options and choose the one that best suits your financial goals.

• Saves Time and Reduces Errors
  Manual calculations can be time-consuming and prone to mistakes, especially when compounding interest is involved. The FD calculator does all the math instantly and accurately, saving you both time and effort.
  
• Provides Clarity and Confidence
  You can invest with confidence by knowing the exact maturity amount and interest earned beforehand. This transparency brings peace of mind, as you have a complete understanding of your investment's outcome.

How to use the Wishfin Axis Bank Fixed Deposit Calculator?

To use the Wishfin Axis Bank Fixed Deposit (FD) Calculator, follow these steps:

• Access the Calculator: Visit the Wishfin Axis Bank FD Calculator.

Enter Investment Details:

1. Deposit Amount: Enter the sum you intend to invest.
2. Interest Rate: Specify the applicable FD interest rates on the loan amount.
3. Tenure: Select the duration of the deposit in years, months, or days.

View Results: The calculator will display:

• Interest Earned: The total interest accrued over the tenure.
• Maturity Amount: The final amount you’ll get upon completion of the fixed deposit tenure.

This tool helps you estimate the returns on your fixed deposit, enabling informed financial planning.

Formula for Calculating Axis Bank Fixed Deposit Return

Axis Bank Fixed Deposit returns are calculated based on the type of deposit: simple interest for short-term FDs (typically less than 6 months) and compound interest for longer-term FDs.

The Simple Interest Axis Bank Fixed Deposit (FD) calculator works using this formula-

M= P + P {(1 + i/100) t – 1}

Where:

• P = Principal amount (initial deposit)
• r = Annual rate of interest (%)
• t = Tenure (in years)
• M = Maturity amount

For Example:

Suppose you deposit Rs 2,50,000 for 5 years at an interest rate of 6.70% per annum.

After putting in the formula, the maturity amount after 5 years would be Rs 3,33,750.

Axis Bank Fixed Deposit Interest Rate

The table below will show you the Axis Bank Fixed Deposit Interest Rates effective from 28th April 2025 for deposits less than Rs 5 crores:

This table provides a more straightforward view of the interest rates for various deposit tenures based on the amount and whether you are a senior citizen.

Now, the interest rates for General and Senior Citizens under the 18 months < 2 years period reflect the correct 7.55% for senior citizens on amounts less than ₹3 Crs and ₹3 Crs to less than ₹5 Crs.

Axis Bank Interest Rates on Fixed Deposits Plus

Deposit - From Rs 3 crore to Rs 5 crore

Different Ways to Use Axis Bank Fixed Deposit Calculator

For a quicker and more accurate approach, use the official Axis Bank FD Calculator. Here’s how:

• Principal Amount : Enter the amount you wish to invest in the FD.
• Tenure : Choose the investment duration (in years, months, or days).
• Interest Rate : Select the applicable rate based on the scheme (Regular, Senior Citizen, or Tax-Saving FD). You can find the latest rates on Axis Bank's official website.
• Frequency of Compounding : Choose how often the interest should be compounded – Monthly, Quarterly, Half-Yearly, or Annually. More frequent compounding generally results in higher returns.

Alternatively, you can:

• Select the ‘Cumulative’ Interest Option : Choose this if you prefer the interest to be reinvested with the principal amount, resulting in higher returns at maturity.
• Tick the ‘Senior Citizen’ Checkbox (if applicable): This allows eligible individuals (usually aged 60 and above) to benefit from higher interest rates.
• Click on ‘Calculate’ : Once all details are filled in, click the button to view results.

The calculator will instantly display:

• Maturity Amount : The total amount you’ll receive at the end of the FD term.
• Total Interest: The amount accumulated as interest throughout the investment.
• Tax Deducted at Source (TDS) : If applicable, any tax deduction details will also be shown for better clarity on your net returns.