Axis Bank is now offering interest rates on deposits maturing in 7 days to 10 years which range from 3.50% to 6.50% for general public and 3.50% to 7.25% for senior citizens.
• Axis Bank, one of India's leading private sector banks, increased interest rates on fixed deposits of less than ₹2 crore.
Axis Bank, one of India's leading private sector banks, has increased interest rates on fixed deposits of less than ₹2 crore. According to the bank's website, the new rates are effective from today, November 5, 2022. After the revision, the bank increased the interest rates by up to 115 bps on deposits with maturities ranging from 46 days to 10 years. Axis Bank is now offering interest rates on deposits maturing in 7 days to 10 years which range from 3.50% to 6.50% for general public and 3.50% to 7.25% for senior citizens. The maximum interest rate on deposits with maturity between three to ten years will now be 7.25% for senior citizens and 6.50% for general public.
Axis Bank FD Rates
Fixed deposits maturing in 7 days to 45 days will continue to offer interest rate of 3.50%, but on deposits maturing in 46 days to 60 days, the bank increased the interest rate by 50 bps from 3.50% to 4% Is. Deposits maturing in 61 days to 3 months will now be offered an interest rate of 4.50% from 4% earlier, an increase of 50 bps and deposits maturing in 3 months to 6 months will now be offered an interest rate of 4.50% by 25 bps will increase. From 4.25%. Axis Bank has increased the interest rate on deposits maturing in 6 months to 9 months from 50 bps to 5.50% and the bank has increased the interest rate on deposits maturing in 9 months to 1 year from 75 bps to 5.75% .
Deposits maturing in 1 year to 15 months will now be offered an interest rate of 7% which was earlier 6.10% an increase of 90 bps and those maturing in 15 months to 18 months will now attract an interest rate of 7% which was earlier There was an increase of 6.15% by 85 bps. Deposits maturing in 18 months to 2 years will now attract an interest rate of 7.05% as against 6.15% of 90 bps offered by Axis Bank earlier and 7.05% for those maturing in 2 years to 3 years. The earlier was 6.20%, representing an increase of 85 bps. Axis Bank has increased the interest rates on deposits maturing in 3 years to 10 years by 115 bps from 6.10% to 7.25%.
Axis Bank FD Rates for Senior Citizens
Axis Bank offers additional interest rate benefits to elderly customers on deposits with maturities ranging from six months to ten years. Axis Bank is now offering an interest rate of 5.50% to 7.25% to senior citizens on deposits maturing in the slab of the said tenure.
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