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Fixed deposit comparison

HDFC Bank Five-Year Tax Saving Fixed Deposit vs Axis Bank Tax Saver Fixed Deposit

Compare HDFC Bank Five-Year Tax Saving Fixed Deposit and Axis Bank Tax Saver Fixed Deposit using the controlling cost, balance, rate, tenure, liquidity, limits, eligibility and current first-party bank evidence for this product type.

Fixed deposit comparison

HDFC Bank Five-Year Tax Saving Fixed Deposit vs Axis Bank Tax Saver Fixed Deposit

Compare the two source-backed records without collapsing unlike conditions into a winner score.

Latest underlying reviewSeptember 10, 2026
HDFC BankHDFC Bank Five-Year Tax Saving Fixed Deposit

Eligible resident individuals or HUFs using a deduction-eligible tax regime who want a large-bank five-year locked deposit and can accept taxable interest plus no normal liquidity during the lock-in.

Cost / pricing
The product uses HDFC Bank’s prevailing five-year deposit rate. The current sub-₹3 crore schedule applicable from 19 August 2026 places the exact five-year bucket at 6.40% p.a. general and 6.90% p.a. for eligible resident senior citizens.
Reviewed
September 10, 2026
Evidence
3 bank sources
Open product research
Axis BankAxis Bank Tax Saver Fixed Deposit

Eligible individuals/HUFs who want a tax-saver whose bank page already reflects the 2026 tax-law numbering and who can accept a five-year no-preclosure lock.

Cost / pricing
Axis publishes its domestic FD schedule effective 8 September 2026, but the parsed current first-party table in this review did not expose a safely attributable exact five-year row. The product’s live booking rate therefore remains refresh-gated instead of inferred.
Reviewed
September 10, 2026
Evidence
2 bank sources
Open product research
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bankingreference.info · Comparison research sheet

HDFC Bank Five-Year Tax Saving Fixed Deposit vs Axis Bank Tax Saver Fixed Deposit

Prepared 14 Sep 2026 · Source page: https://bankingreference.info/compare-banking/hdfc-five-year-tax-saving-fixed-deposit-vs-axis-tax-saver-fixed-deposit/

General product research only. Recheck the listed first-party sources before acting because product terms can change after the recorded review dates.

Decision checkpoints

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Each checkpoint reproduces the recorded product fields instead of assigning a winner. Read the condition, scope and missing-data state before treating a difference as useful to you.

01Are you comparing the same customer, amount and tenure?Start with the eligible customer or relationship and any balance, funding or tenure requirement.

HDFC Bank Five-Year Tax Saving Fixed Deposit

Taxpayer / regime eligibility
Resident individuals and HUFs under current HDFC Bank product/KYC rules; in a joint deposit, the deduction is attached to the first holder subject to tax law.
Qualifying amount / lock-in
Minimum ₹5,000 and thereafter in ₹100 multiples; maximum qualifying tax-saving deposit ₹1.5 lakh in a financial year; mandatory five-year lock-in.

Axis Bank Tax Saver Fixed Deposit

Taxpayer / regime eligibility
Individuals and HUFs under current Axis product/KYC requirements; first-holder rules apply to joint tax-benefit claims.
Qualifying amount / lock-in
Minimum ₹100 or multiples thereof; maximum ₹1.5 lakh; fixed five-year tax-saver maturity.
02Which dated rate schedule applies to that deposit?Match the customer category, currency, amount, tenure and effective date before comparing quoted rates. No return is calculated here.

HDFC Bank Five-Year Tax Saving Fixed Deposit

Current five-year rate evidence
The product uses HDFC Bank’s prevailing five-year deposit rate. The current sub-₹3 crore schedule applicable from 19 August 2026 places the exact five-year bucket at 6.40% p.a. general and 6.90% p.a. for eligible resident senior citizens.

Axis Bank Tax Saver Fixed Deposit

Current five-year rate evidence
Axis publishes its domestic FD schedule effective 8 September 2026, but the parsed current first-party table in this review did not expose a safely attributable exact five-year row. The product’s live booking rate therefore remains refresh-gated instead of inferred.
03What happens if you need the money before maturity?Read the full liquidity and relationship conditions, including any recorded early-exit or payment restrictions.

HDFC Bank Five-Year Tax Saving Fixed Deposit

Preclosure / loan restriction
Normal premature withdrawal/partial liquidity and loan-style access should not be assumed during the five-year tax-saver lock; death-related settlement follows the bank’s applicable process.
Tax-law / maturity condition
A tax-saving FD is a locked tax-law product, not an ordinary callable five-year FD. The prevailing five-year rate at booking controls; monthly payout can use a discounted payout rate.

Axis Bank Tax Saver Fixed Deposit

Preclosure / loan restriction
Premature closure is not permitted during the five-year lock; bank support documents a death-related exception process separately.
Tax-law / maturity condition
This is a five-year statutory tax-saver and is kept separate from ordinary callable Axis FDs and Fixed Deposit Plus structures.
Other maintained comparisons for HDFC Bank Five-Year Tax Saving Fixed DepositOther maintained comparisons for Axis Bank Tax Saver Fixed Deposit
Exact terms

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Banking product terms side by side for HDFC Bank Five-Year Tax Saving Fixed Deposit and Axis Bank Tax Saver Fixed Deposit
Decision factorHDFC Bank Five-Year Tax Saving Fixed DepositAxis Bank Tax Saver Fixed Deposit
Current five-year rate evidenceThe product uses HDFC Bank’s prevailing five-year deposit rate. The current sub-₹3 crore schedule applicable from 19 August 2026 places the exact five-year bucket at 6.40% p.a. general and 6.90% p.a. for eligible resident senior citizens.Axis publishes its domestic FD schedule effective 8 September 2026, but the parsed current first-party table in this review did not expose a safely attributable exact five-year row. The product’s live booking rate therefore remains refresh-gated instead of inferred.
Qualifying amount / lock-inMinimum ₹5,000 and thereafter in ₹100 multiples; maximum qualifying tax-saving deposit ₹1.5 lakh in a financial year; mandatory five-year lock-in.Minimum ₹100 or multiples thereof; maximum ₹1.5 lakh; fixed five-year tax-saver maturity.
Deduction context / payoutEligible deposit principal may qualify within the aggregate Section 123 / Schedule XV deduction framework; monthly or quarterly payout can be selected, while reinvestment compounds quarterly. Interest itself remains taxable.Reinvestment, quarterly payout or monthly payout choices. Axis explicitly frames the qualifying deduction under Section 123 read with Schedule XV; interest remains taxable and subject to current TDS rules.
Preclosure / loan restrictionNormal premature withdrawal/partial liquidity and loan-style access should not be assumed during the five-year tax-saver lock; death-related settlement follows the bank’s applicable process.Premature closure is not permitted during the five-year lock; bank support documents a death-related exception process separately.
Taxpayer / regime eligibilityResident individuals and HUFs under current HDFC Bank product/KYC rules; in a joint deposit, the deduction is attached to the first holder subject to tax law.Individuals and HUFs under current Axis product/KYC requirements; first-holder rules apply to joint tax-benefit claims.
Tax-law / maturity conditionA tax-saving FD is a locked tax-law product, not an ordinary callable five-year FD. The prevailing five-year rate at booking controls; monthly payout can use a discounted payout rate.This is a five-year statutory tax-saver and is kept separate from ordinary callable Axis FDs and Fixed Deposit Plus structures.
Wrong-fit risks

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A useful comparison shows what can make either option unsuitable instead of averaging those conditions into a score.

HDFC Bank

HDFC Bank Five-Year Tax Saving Fixed Deposit

  • The deduction is part of the aggregate ₹1.5 lakh Section 123 / Schedule XV framework and is not available under the new concessional tax regime under Section 202; individual tax circumstances can differ.
  • The deposit deduction and the taxation of FD interest are separate: interest can be taxable/TDS-applicable.
  • From 1 April 2026, current tax-year references should use Section 123 read with Schedule XV of the Income-tax Act, 2025; some bank product copy still uses the legacy Section 80C label.
  • A current regular five-year rate should not be confused with HDFC’s 5-years-1-day-to-10-years bucket.
Axis Bank

Axis Bank Tax Saver Fixed Deposit

  • The deduction is part of the aggregate ₹1.5 lakh Section 123 / Schedule XV framework and is not available under the new concessional tax regime under Section 202; individual tax circumstances can differ.
  • Exact five-year rate remains refresh-gated even though the broader Axis domestic rate schedule is current as of 8 September 2026.
  • The bank’s calculator display should not be treated as a controlling product quote.
  • Interest remains taxable/TDS-applicable.
Research tools

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Independent source state

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MethodologyResearch statusMore banking comparisons

First-party source appendix

These are the exact source URLs already attached to the two research records. Re-open the controlling documents before relying on a fee, rate, limit, eligibility rule or benefit.

HDFC Bank Five-Year Tax Saving Fixed Deposit

Reviewed September 10, 2026 · 3 attached first-party sources

  1. Issuer product pagehttps://www.hdfc.bank.in/fixed-deposit/five-year-tax-saving-fixed-deposit
  2. Fee / charge schedulehttps://www.hdfc.bank.in/fixed-deposit/five-year-tax-saving-fixed-deposit/fees-and-charges
  3. Issuer product pagehttps://www.hdfc.bank.in/fixed-deposit/fd-interest-rate

Axis Bank Tax Saver Fixed Deposit

Reviewed September 10, 2026 · 2 attached first-party sources

  1. Issuer product pagehttps://www.axis.bank.in/deposits/tax-saver-fixed-deposit
  2. Issuer product pagehttps://www.axis.bank.in/deposits/fixed-deposits/fd-interest-rates