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 for use by the armored infantry and paratrooper ("descent") units within the Hungarian Defence Forces. The 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.

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.

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.

In Hungarian service, the weapon is mainly used with magazines which can hold 30 rounds (standard magazine) but a special variant is also available, which can only hold 20 rounds. The 30-round magazine does fit with some slight interference and it can be also fitted with the 40-round magazine.