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Axis Bank cuts FD rates, now offers up to 7.95% on fixed deposits; Check the latest rates

Jatin Batra by Jatin Batra
April 21, 2023
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Axis Bank cuts FD rates, now offers up to 7.95% on fixed deposits; Check the latest rates
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Check out the latest FD interest rates from Axis Bank.

Axis Bank now offers FD interest rates between 3.5 percent and 7.20 percent for terms ranging from 7 days to 10 years

Even as the RBI hiked rates since May last year, banks also raised their interest rates on both deposits and loans. Several banks, including HDFC Bank, Axis Bank and SBI, are increasing their interest rate offerings several times in order to pass on the interest rate increase to customers. Now, after the RBI broke the cycle of rate hikes earlier this month by maintaining the status quo on the repo rate, Axis Bank has lowered its FD interest rate for some tenures, primarily those with the highest yields.

Now Axis Bank offers FD interest rates between 3.5 percent and 7.20 percent on terms ranging from 7 days to 10 years.

Here are the revised interest rates on fixed deposits below Rs 2 crore at the Axis Bank as of April 21, 2023:

7 days to 14 days: 3.50 percent for general public; 3.50 percent for seniors

15 days to 29 days: 3.50 percent for general public; 3.50 percent for seniors

30 days to 45 days: 3.50 percent for general public; 3.50 percent for seniors

46 days to 60 days: 4.00 percent for general public; 4.00 percent for seniors

61 days to less than 3 months: 4.50 percent for general public; 4.50 percent for seniors

3 months to less than 4 months: 4.75 percent for general public; 4.75 percent for seniors

4 months to less than 5 months: 4.75 percent for general public; 4.75 percent for seniors

5 months to less than 6 months: 4.75 percent for general public; 4.75 percent for seniors

6 months to less than 7 months: 5.75 percent for general public; 6.00 percent for seniors

7 months to less than 8 months: 5.75 percent for general public; 6.00 percent for seniors

8 months to less than 9 months: 5.75 percent for general public; 6.00 percent for seniors

9 months to less than 10 months: 6.00 percent for general public; 6.25 percent for seniors

10 months to less than 11 months: 6.00 percent for general public; 6.25 percent for seniors

11 months to less than 11 months 25 days: 6.00 percent for general public; 6.25 percent for seniors

11 months 25 days to less than 1 year: 6.00 percent for general public; 6.25 percent for seniors

1 year to less than 1 year 4 days: 6.80 percent for the general public; 7.55 percent for seniors

1 year 5 days to less than 1 year 11 days: 6.80 percent for the general public; 7.55 percent for seniors

1 year 11 days to less than 1 year 24 days: 6.80 percent for the general public; 7.55 percent for seniors

1 year 25 days to less than 13 months: 7.10 percent for general public; 7.85 percent for seniors

13 months to less than 14 months: 7.15 percent for general public; 7.90 percent for seniors

14 months to less than 15 months: 7.15 percent for general public; 7.90 percent for seniors

15 months to less than 16 months: 7.15 percent for general public; 7.90 percent for seniors

16 months to less than 17 months: 7.15 percent for general public; 7.90 percent for seniors

17 months to less than 18 months: 7.15 percent for general public; 7.90 percent for seniors

18 months to less than 2 years: 7.15 percent for general public; 7.90 percent for seniors

2 years to less than 30 months: 7.20 percent for general public; 7.95 percent for seniors

30 months to less than 3 years: 7.00 percent for general public; 7.75 percent for seniors

3 years to less than 5 years: 7.00 percent for general public; 7.75 percent for seniors

5 years to 10 years: 7.00 percent for general public; 7.75 percent for seniors.

Read all the latest business news, tax news and stock market updates here

Muhammad Harris

Haris is Deputy News Editor (Business) at News18.com. He writes on various issues related to markets, economics and business.…Read more
Tags: AxisbankcheckcutsdepositsfixedLatestNewsMaduraoffersrates
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