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.
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