Axis Bank's Recurring Deposit interest rate gives you the advantage of earning a higher rate of return on your systematic monthly deposits and gain with the. General citizens are offered interest in the range of % to % p.a. while senior citizens who open a recurring deposit account with the bank are offered. Axis Bank offers interest rates for RD accounts that go as high as up to % · Interest on RD with Axis Bank is compounded quarterly · For senior. Cancel Accept. In addition to this, Fixed deposit rates for long tenor of 11 months 25 days to 18 months is 6. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Rate of Interest - Interest rate is the rate charged by the bank on your fixed deposit. The growth of Axis Bank FD depends on the rate of interest and tenure.