There is a chance to earn more interest on Axis Bank FD. The bank has increased the interest rates by 25 basis points on FDs maturing in 7 days to 6 months. In August also, interest rates were increased on FDs maturing in 17 months and less than 18 months.
New Delhi. Axis Bank has increased the interest rates on FDs below Rs 2 crore. According to the bank’s official website, the new interest rates have become effective from September 9, 2022. The bank has increased the interest rates by 25 basis points on FDs maturing in 7 days to 6 months. Axis Bank had also increased the interest rates on FDs maturing in 17 months and less than 18 months in August, but kept the interest rates for the rest of the tenure FDs unchanged.
The bank will pay 2.75% interest on FDs maturing in 7 days to 29 days. The bank will pay 3.25% interest to the customers on FDs maturing in 30 days to 3 months. Similarly, on FDs maturing in 3 months to 6 months, Axis Bank will now pay interest at the rate of 3.75% per annum. The bank will pay 4.40 percent interest on FDs maturing in 6 to 7 months. Now customers will get 4.65% interest on FDs maturing in 7 to 8 months. FDs maturing in 9 months will give an interest rate of 4.65%. At the same time, interest rate of 4.75% will continue to be offered on FDs maturing in more than 9 months and less than 1 year.
It will get interest
On FDs maturing in 1 year to 1 year 11 days, the interest rate of 5.45% will continue to be offered and on FDs maturing in 1 year 11 days to 1 year 25 days, the bank will continue to offer an interest rate of 5.75. Axis Bank will continue to offer an interest rate of 5.60% on FDs maturing in 1 year 25 days to 2 years. Interest will be given at the rate of 5.70 percent on FDs maturing in 2 to 5 years. Similarly, on fixed deposits maturing in 5 to 10 years, customers will get interest at the rate of 5.75 percent.
Senior citizens will get more interest
The bank will now give 2.75 percent interest to senior citizens on FDs maturing in 7 days to 29 days. Similarly, FDs maturing in 30 days to 3 months will get 3.25 percent interest and FDs maturing in 3 to 6 months will get 3.75 percent interest. Interest is getting 6.20 percent on FDs maturing in 1 year to 1 year 11 days and 6.50 percent interest on FDs maturing in 1 year 11 days to 1 year 25 days.
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