17 hrs ago
Axis Bank Revises NRI FD Rates, Weighing Returns Against Liquidity
Axis Bank has changed the interest rates it offers on certain fixed deposits for non-resident Indians.
The new rates apply from August 26, 2026.
Regular NRI fixed deposits allow customers to withdraw their money before the end date.
The NRI Fixed Deposit Plus product does not allow early withdrawal.
In exchange for locking away the money, the Plus product can pay more interest.
Regular deposits below ₹3 crore can earn between 6.25% and 6.50%.
Plus deposits of ₹25 crore or more can earn as much as 6.70%.
Customers must choose between easier access to their money and potentially higher returns.
Axis Bank’s revised NRI fixed-deposit rates take effect on August 26, 2026.
Regular NRI FDs below ₹3 crore pay 6.25% to 6.50%, depending on tenure.
Regular NRI FDs of ₹3 crore to below ₹5 crore pay 6.15% across listed tenures.
NRI Fixed Deposit Plus offers higher rates but prohibits premature withdrawals.
NRI FD Plus rates reach 6.70% for deposits of ₹25 crore or more.
- Who
- Axis Bank and its non-resident Indian deposit customers.
- What
- Axis Bank revised interest rates for regular NRI fixed deposits and NRI Fixed Deposit Plus.
- Where
- The products are Axis Bank NRE deposits; the articles do not specify a physical location.
- When
- The revised rates apply from August 26, 2026.
- Why
- The articles do not state why the rates were revised; they explain that customers weigh liquidity against higher potential returns.
Liquidity priority
Return priority
Access versus interest
Liquidity priority
Customers who might need their money before maturity may prefer the regular NRI FD because premature withdrawal is permitted.
Return priority
Eligible customers who can keep their funds locked until maturity may prefer NRI FD Plus because it offers higher rates on several deposit sizes and tenures.
Choosing a tenure
Liquidity priority
The regular NRI FD may be preferable even when its interest rate is lower if flexibility is more important.
Return priority
Selecting an appropriate tenure under NRI FD Plus can help maximize returns, provided the depositor does not need early access.
Key facts
- Effective date
- August 26, 2026
- Regular NRI FD, below ₹3 crore
- 6.25% for one year to less than 15 months; 6.45% for 15 months to less than 18 months; and 6.50% for 18 months to 10 years.
- Regular NRI FD, ₹3 crore to below ₹5 crore
- 6.15% across the listed tenures.
- NRI FD Plus eligibility
- Available for NRE deposits of ₹3 crore and above.
- NRI FD Plus, ₹5 crore to below ₹25 crore
- 6.60% for one year to less than 15 months, 6.50% for 18 months to less than two years, and 6.40% for two years and longer.
- NRI FD Plus, ₹25 crore and above
- 6.70% for one year to less than 15 months, 6.60% for 15 months to less than 18 months, and 6.55% for 18 months to 10 years.
- Premature withdrawal
- Permitted for the regular NRI FD but not permitted for NRI Fixed Deposit Plus.
Sources
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