The new rates have become effective from today ie 6 May 2021. Axis Bank offers FDs for various tenures ranging from 7 days to 10 years.
Axis Bank, the largest private sector bank, has revised the interest rates on Fixed Deposits. The new rates have become effective from today ie 6 May 2021. Axis Bank offers FDs for various tenures ranging from 7 days to 10 years. After this amendment, Axis Bank is offering 2.50 per cent interest rate on FD with maturity between 7 days and 29 days. 3 percent on FDs less than 30 days and 3 months and 3.5 percent interest is offered on FDs less than 3 months and 6 months.
At the same time, Axis Bank has delayed 4.40 per cent interest for FDs maturing in less than 6 months and 11 months and 25 days. After the latest amendment, the bank will pay 5.20 percent interest rate on deposits maturing in less than 15 months and 18 months. Axis Bank offers an interest rate of 5.40 per cent on long-term FDs maturing in 2 years to 5 years. You will get an interest rate of 5.75 per cent of the deposit that matures in 5 years to 10 years.
This is the new interest rates
7 days to 14 days – 2.50%
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%
More interest to senior citizens
Axis Bank offers higher interest to senior citizens at select maturity. Senior citizens will get interest rates ranging from 2.5% to 6.50% on deposits maturing from 7 days to 10 years.
More money to be paid for cash withdrawal from May 1
Axis Bank has increased various service charges for its savings bank account holders from 1 May 2021. From May 1, the minimum average balance limit has been increased. Charges have also increased in the case of non-maintenance monthly balance charges. From May 1, you need a monthly balance of Rs 15,000 in your account, currently it is Rs 10,000. Similarly, the average monthly balance threshold for Prime and Liberty branded savings accounts has been raised to Rs 25,000, which was earlier Rs 15,000.
