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HomePersonal FinanceBank increased FD rates, Now this bank customers will get 8.01% interest,...

Bank increased FD rates, Now this bank customers will get 8.01% interest, avail benefits like this

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Axis Bank increased interest rates

Axis Bank, one of the private sector banks, has increased the interest rates on deposits below Rs 2 crore. According to the bank’s website, the new interest rates will be applicable from January 10, 2023. Bank is getting interest rate ranging from 3.5% to 7.00% on deposits from 7 days to 10 years and senior citizens are getting the benefit of interest rate ranging from 3.5% to 7.75%. The bank is getting the benefit of maximum 8.01% interest rate.


Getting this much interest rate

The Bank offers interest rate of 3.50% for deposits maturing in 7 days to 45 days, 4.00% for deposits maturing in 46 days to 60 days, 4.50% for deposits maturing in 61 days to three months, three months to six months 4.75% interest rate is available on the deposit.

5.75% interest rate on deposits maturing in 6 to 9 months, 6.00% interest rate on deposits maturing in 9 to 12 months, 6.75% interest rate on deposits maturing in 1 year to 1 year 24 days, 1 Interest rate of 7.10% for deposits maturing in years 25 days to 13 months, 6.75% for deposits maturing in 13 months to 2 years, maximum interest rate of 7.26% for deposits maturing in 2 years to 30 months rate and maturing in 30 months to 10 years will get an interest rate of 7%.

Whereas for senior citizens, the interest rate on deposits in 7 days to 10 years ranges from 3.50% to 7.75% and the highest interest rate is 8.01% for deposits.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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