The AMD-65 (Hungarian: Automata Módosított Deszantfegyver 1965; Automatic Modified Paratrooper Weapon 1965) is a Hungarian-manufactured licensed variant of the selective fire AKM rifle.

The Hungarian Defence Forces issued the AMD-65 to the armored infantry and paratrooper ("descent") units.

The AMD-65, along with the earlier AKM-63, have been largely replaced in Hungarian military service by the AK-63, a more traditional AKM copy with a lower manufacturing cost.

The AMD-65's operating mechanism does not require a gas expansion chamber at the muzzle, as in the AKS-74U to ensure reliable functioning, but does use a specially designed muzzle brake.

Compared to the birch plywood laminates that are used on the AKM's buttstock, lower and upper handguard, no wood is used in the manufacture of the AMD-65.

The front handguard area is made of perforated sheet metal and typically has a gray plastic vertical foregrip attached to assist in controlling fully automatic fire from this short weapon. In addition, the vertical foregrip has been canted forward to lessen interference with magazine changes.

The vertical foregrip is physically identical to the rear grip, with the former mounted backwards with respect to the rear.

Hungarian manufactured t-nuts used to attach both the forward and rear grips feature a slot cut into the top of the nut, this slot allows the rifle cleaning rod to be inserted through the handguard when the t-nut is used to attach a forward grip.