Axis Bank Revises FD Rate: Axis Bank offers FDs for various tenures ranging from 7 days to 10 years. The bank has made changes in the interest rates of FD.
New Delhi. Axis Bank has changed the interest rates on Fixed Deposits. The new rates are effective from March 18. Explain that Axis Bank offers FDs for various tenures ranging from 7 days to 10 years. Following this amendment, Axis Bank is offering an interest rate of 2.50% on FDs with maturity between 7 days and 29 days. Offering 3% interest on FDs less than 30 days and 3 months and 3.5% on FDs less than 3 months and 6 months.
At the same time, Axis Bank is offering 4.40% interest for FDs maturing in 6 months and 11 months less than 25 days. The interest rate is 5.10% on deposits maturing in more than 11 months 25 days and 1 year 5 days, 5.10% on FDs maturing in 1 year 5 days and less than 18 months. The bank is offering 5.25% interest on fixed deposits maturing in 18 months and less than 2 years.
New interest rates on Axis Bank FDs from August 14 (less than ₹ 2 crore):
7 days to 14 days- 2.50%
15 days to 29 days- 2.50%
30 days to 45 days – 3%
46 days to 60 days – 3%
61 days < 3 months – 3%
3 months < 4 months – 3.5%
4 months < 5 months – 3.5%
5 months < 6 months – 3.5%
6 months < 7 months – 4.40%
7 months < 8 months – 4.40%
8 months < 9 months – 4.40%
9 months < 10 months – 4.40%
10 months < 11 months – 4.40%
11 months < 11 months 25 days – 4.40%
11 months 25 days < 1 year – 4.40%
1 year < 1 year 5 days – 5.10%
1 year 5 days < 1 year 11 days – 5.15%
1 year 11 days < 1 year 25 days – 5.10%
1 year 25 days < 13 months – 5.10%
13 months < 14 months – 5.10%
14 months < 15 months – 5.10%
15 months < 16 months – 5.10%
16 months < 17 months – 5.10%
17 months < 18 months – 5.10%
18 months < 2 years – 5.25%
2 years < 30 months – 5.50%
3 years < 5 years – 5.40%
5 years to 10 years – 5.75%
Higher interest to senior citizens
Axis Bank offers higher interest to senior citizens on select maturities. Senior citizens will get an interest rate of 2.5 percent to 6.50 percent on deposits maturing in 7 days to 10 years.
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