Axis Bank Fixed Deposit Interest Rate: Leading private sector lender Axis Bank has increased its fixed deposit (FD) interest rates for select account holders who open such accounts. The Axis Bank FD rate hike comes at a time when major banks are increasing their fixed deposit interest rates after the repo rate hike by the Reserve Bank of India. The new rates have come into effect for Axis Bank FD with tenors of over nine months. The new Axis Bank FD interest rate hike ranges from 10 to 35 basis points, depending upon the tenor, with senior citizens getting returns of 0.50 per cent extra.
The Axis Bank Fixed Deposit interest rate hike has come into effect from May 12, 2022 and are applicable for deposits below Rs 2 crore, the bank has said in a notification.
Here are the revised interest rates on fixed deposits below Rs 2 crore at the Axis Bank from May 12, 2022:
7 days to 14 days: 2.50 per cent for General Public; 2.50 per cent for Senior Citizens
15 days to 29 days: 2.50 per cent for General Public; 2.50 per cent for Senior Citizens
30 days to 45 days: 3.00 per cent for General Public; 3.00 per cent for Senior Citizens
46 days to 60 days: 3.00 per cent for General Public; 3.00 per cent for Senior Citizens
61 days to less than 3 months: 3.00 per cent for General Public; 3.00 per cent for Senior Citizens
3 months to less than 4 months: 3.50 per cent for General Public; 3.50 per cent for Senior Citizens
4 months to less than 5 months: 3.50 per cent for General Public; 3.50 per cent for Senior Citizens
5 months to less than 6 months: 3.50 per cent for General Public; 3.50 per cent for Senior Citizens
6 months to less than 7 months: 4.40 per cent for General Public; 4.65 per cent for Senior Citizens
7 months to less than 8 months: 4.40 per cent for General Public; 4.65 per cent for Senior Citizens
8 months to less than 9 months: 4.40 per cent for General Public; 4.65 per cent for Senior Citizens
9 months to less than 10 months: 4.75 per cent for General Public; 5.00 per cent for Senior Citizens
10 months to less than 11 months: 4.75 per cent for General Public; 5.00 per cent for Senior Citizens
11 months to less than 11 months 25 days: 4.75 per cent for General Public; 5.00 per cent for Senior Citizens
11 months 25 days to less than 1 year: 4.75 per cent for General Public; 5.00 per cent for Senior Citizens
1 year to less than 1 year 5 days: 5.25 per cent for General Public; 5.90 per cent for Senior Citizens
1 year 5 days to less than 1 year 11 days: 5.25 per cent for General Public; 5.90 per cent for Senior Citizens
1 year 11 days to less than 1 year 25 days: 5.25 per cent for General Public; 5.90 per cent for Senior Citizens
1 year 25 days to less than 13 months: 5.25 per cent for General Public; 5.90 per cent for Senior Citizens
13 months to less than 14 months: 5.25 per cent for General Public; 5.90 per cent for Senior Citizens
14 months to less than 15 months: 5.25 per cent for General Public; 5.90 per cent for Senior Citizens
15 months to less than 16 months: 5.30 per cent for General Public; 5.95 per cent for Senior Citizens
16 months to less than 17 months: 5.30 per cent for General Public; 5.95 per cent for Senior Citizens
17 months to less than 18 months: 5.30 per cent for General Public; 5.95 per cent for Senior Citizens
18 months to less than 2 years: 5.30 per cent for General Public; 5.95 per cent for Senior Citizens
2 years to less than 30 months: 5.60 per cent for General Public; 6.25 per cent for Senior Citizens
30 months to less than 3 years: 5.60 per cent for General Public; 6.25 per cent for Senior Citizens
3 years to less than 5 years: 5.60 per cent for General Public; 6.25 per cent for Senior Citizens
5 years to 10 years: 5.75 per cent for General Public; 6.50 per cent for Senior Citizens
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Source: News18