FD Interest Rate: Private sector bank increased interest rates on FDs less than Rs 5 crore. According to the information available on the bank’s website, the new interest rate is effective from November 5, 2022.
FD Interest Rate: Private sector lender Axis Bank has increased the interest rate on fixed deposits by up to 115 basis points. Private sector bank increased interest rates on FDs of less than Rs 5 crore . According to the information available on the bank’s website, the new interest rate is effective from November 5, 2022. After the amendment, the bank has increased the interest rates by up to 115 bps on maturity from 46 days to 10 years.
Axis Bank is now offering 3.50% to 6.50% interest for common citizens and 3.50% to 7.25% for senior citizens on deposits maturing in 7 days to 10 years. The maximum interest rate on deposits with maturity between 3 to 10 years will now be 7.25% for senior citizens and 6.50% for common citizens.
New FD Rates
- FDs maturing in 7 days to 45 days will continue to get 3.50% interest rate, but on deposits maturing in 46 days to 60 days, the bank has increased the interest rate by 50 bps from 3.50% to 4%.
- FD of 61 days to 3 months will now get 4.50% interest which was 4% earlier. It has increased by 50 bps. At the same time, the interest rate on fixed deposits of 3 to 6 months has increased by 25 basis points and now it has increased from 4.25% to 4.50%.
- Axis Bank has increased the interest rate on deposits maturing in 6 to 9 months by 50 bps from 5% to 5.50% and the bank has increased the interest rate on FDs maturing in 9 months to 1 year by 75 bps from 5% to 5.75%. did it.
