If you are currently planning for a fixed deposit, then the new interest rates of Axis Bank will definitely attract you. Let us know about it in detail.
This private sector bank has given good news to its customers. According to the bank’s official website, up to 7 percent interest can be earned on FDs for 7 days to ten years.
Why are you getting so much interest?
Let us inform that in August, the Reserve Bank of India had decided to increase the repo rate by 0.50%. After which not only Axis Bank but many banks including HDFC, Indian Bank, SBI, Kotak Mahindra, PNB and ICICI had increased the interest rates of FD and savings account. These rates will be applicable on FDs up to Rs 2 crore.
How much do you get on Axis Bank FD?
7-14 days-2.50%
15-29 days-2.50%
30-45 days-3.00%
46-60 days-3.00%
61 days to less than 3 months-3.00%
3 to 6 months-3.50%
6 to 7 months- 4.65%
7 to 8 months-4.40%
8 to 9 months-4.65%
9 to 10 months-4.75%
10 to 11 months-4.75%
11 months to 11 months 25 days-4.75%
11 months to 1 year-before-4.75%
1 year to 1 year 5 days -5.45%
1 year to 13 months -5.60%
13 months to 18 months -5.60%
18 months to less than 2 years -5.60%
2 years to 30 months -5.70%
30 months to 3 Years-5.70%
3 to 5 Years-5.70%
5 to 10 Years-5.75%
On the other hand, if we talk about senior citizens, then the interest rates on their FDs are as follows.
7-14 days-2.50%
15-29 days-2.50%
30-45 days-3.00%
46-60 days-3.00%
61 days to less than 3 months-3.00%
3 to 6 months-3.50%
6 to 7 months- 4.90%
7 to 8 months-4.65%
8 to 9 months-4.90%
9 to 10 months-5.00%
10 to 11 months-5.00%
11 months to 11 months 25 days-5.00%
11 months to before 1 year-5.00%
1 year to 1 year 5 days -6.20%
1 year to 13 months -6.35%
13 months to 18 months -6.35%
18 months to less than 2 years -6.35%
2 years to 30 months -6.45%
30 months to 3 Years-6.45%
3 to 5 Years-6.45%
5 to 10 Years-6.50%
