Axis Bank has revised interest rates with effect from May 6, 2021 on fixed deposits (FDs). Ranging from 7 days to 10 years, Axis Bank offers FDs across different tenures. The bank is offering an interest rate of 2.50% on FDs with maturity between 7 days and 29 days, 3% for those between 30 days and less than 3 months, 3.5% for FDs between 3 months and less than 6 months. For FDs maturing in six months to less than 11 months 25 days, the bank gives a 4.40% interest rate.
Check revised rates with effect from May 6, 2021:
For 7 days to 14 days: 2.50 % interest
15 days to 29 days: 2.50%
30 days to 45 days: 3%
46 days to 60 days: 3%
61 days 3 months: 3%
3 months 4 months: 3.5%
4 months 5 months: 3.5%
5 months 6 months: 3.5%
6 months 7 months: 4.40%
7 months 8 months: 4.40%
8 months 9 months: 4.40%
9 months 10 months: 4.40%
10 months 11 months: 4.40%
11 months 11 months 25 days: 4.40%
11 months 25 days 1 year: 4.40%
1 year 1 year 5 days: 5.10%
1 year 5 days 1 year 11 days: 5.15%
1 year 11 days 1 year 25 days: 5.10%
1 year 25 days 13 months: 5.10%
13 months 14 months: 5.10%
14 months 15 months: 5.10%
15 months 16 months: 5.20%
16 months 17 months: 5.20%
17 months 18 months: 5.20 %
18 months 2 years: 5.25%
2 years 30 months: 5.40%
30 months 3 years: 5.40%
3 years 5 years: 5.40%
5 years to 10 years : 5.75%
The bank offers a higher rate to senior citizens on select maturities. Senior citizens will get an interest rate ranging from 2.5% to 6.50% on deposits maturing in 7 days to 10 years.
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Source: News18