Axis Bank FD investors to Get highest Return: Axis Bank has increased the interest rates on some tenure FD schemes. Whereas, the minimum amount for online FD booking has been halved as compared to offline.
New Delhi: Customers investing in the Fixed Deposit Scheme of Axis Bank are going to get huge benefits. Actually, the bank has increased the interest rates on some tenure FD schemes. In such a situation, any investor who invests money will get the benefit of additional returns. The bank has made the new interest rates effective from 11 August 2023.
Axis Bank has increased the one tenure FD interest rate by 15 bps for deposits of less than Rs 2 crore. After the revision in interest rates, Axis Bank has said that it is giving its customers the opportunity to invest in FDs on tenures ranging from 7 days to 10 years. The benefit of interest rates between 3.5% to 7.20% will be given on these tenures.
According to Axis Bank, the minimum investment amount has been fixed at Rs 5000 when FD is booked through internet banking or mobile banking. At the same time, the minimum amount has been fixed at Rs 10,000 for booking FD by visiting the branch. Explain that FD investment is an investment with guaranteed returns. In this, along with premature withdrawal facility, the customer can also take loan against FD.
New interest rates on Axis Bank FD
The proposed new FD interest rates of Axis Bank will give 3.50% interest on maturity in 7 to 45 days. 4.00% interest will be given for FDs maturing in 46 to 60 days. Similarly, 4.50% interest has been offered on FDs with maturity of 61 days to three months. At the same time, interest rates of 4.75% are being given on FDs with a period of 3 months to 6 months.
- The bank will give an interest rate of 5.75% on FDs maturing in 6 to 9 months.
- 6.00% interest will be given on FDs maturing in less than 9 months to one year.
- The investor will get 6.75% interest on FDs maturing in one year to four days.
- 6.80% interest will be given on deposits maturing in less than one year to 5 days to 13 months.
- The bank will give 7.10 percent interest rate on FDs of tenure less than 13 months and two years.
- Axis Bank has increased the interest rate by 15 bps from 7.05% to 7.20% on tenors less than 2 years to 30 months.
Interest Rates for Senior Citizens on Axis Bank FD
Axis Bank FD gives the benefit of additional interest rate to senior citizens investing. According to the bank, interest rate between 3.50% to 7.95% is being given on FDs of tenure ranging from 7 days to 10 years for senior citizens. The bank said that it has offered to pay the highest interest rate of 7.95% on tenure less than 2 years to 30 months.
