Axis Bank, the leading private sector bank, has changed the interest rates on domestic FDs. According to the official website of the bank, the new rates are effective from October 1, 2022.
After increasing the repo rate by 50 basis points by the Reserve Bank, now the new repo rate has become 5.90 percent. Due to this, banks have increased the interest rates on their FDs.
3.25% interest will be available on 30 days FD
Axis Bank is now offering FDs maturing in 15 months with a maximum interest rate of 6.15 percent for general public and 6.90 percent for senior citizens. According to the new FD rates, now Axis Bank is offering an interest rate of 2.75 percent on FDs maturing in 7 days to 29 days and 3.25 percent interest rate on FDs maturing in 30 days.
These will be the new rates of interest on FD
Axis Bank’s FDs maturing in 3 to 6 months will now get interest at the rate of 3.75 percent. At the same time, interest will be given at the rate of 4.65 percent on FDs maturing in 6 to 9 months. Similarly, 4.75 percent for 9 months to 1 year tenure, 5.45 percent on FDs of 1 year to 1 year 11 days and 5.60 percent on FDs maturing in 15 months will provide interest.
Axis Bank is now offering a maximum interest rate of 6.15 per cent on FDs with a tenor of 15 months to 2 years, while on FDs maturing in the next 2 to 5 years, the bank is now offering an interest rate of 5.70 per cent. Axis Bank is currently offering an interest rate of 5.75 per cent for tenures ranging between five and ten years.
OCTOBER 2022 ALL BANKS FD Rates
| FD Scheme | Tenure | Interest Rate | Senior Citizen Rates |
|---|---|---|---|
Shriram Finance FD | 4 Year | 8.25 % | 8.75 % |
Tamil Nadu Power Finance FD | 4 Year | 8 % | 8.5 % |
Utkarsh Small Finance Bank FD | 1 Year | 7.5 % | 8.25 % |
Fincare Small Finance Bank FD | 2 Year | 7.5 % | 8 % |
Ujjivan Small Finance Bank FD | 1 Year | 7.5 % | 8.25 % |
Suryoday Small Finance Bank FD | 2 Year | 7.49 % | 7.99 % |
Bajaj Finance Ltd FD | 3 Year | 7.4 % | 7.65 % |
Jana Small Finance Bank FD | 3 Year | 7.35 % | 8.15 % |
PNB HFL FD | 5 Year | 7.3 % | 7.55 % |
ESF Bank FD | 2 Year | 7 % | 7.5 % |
Bandhan Bank FD | 1 Year | 7 % | 7.5 % |
RBL Bank FD | 1 Year | 7 % | 7.5 % |
LIC Housing Finance FD | 3 Year | 6.95 % | 7.2 % |
Yes Bank FD | 3 Year | 6.75 % | 7.5 % |
IndusInd Bank FD | 3 Year | 6.75 % | 7.5 % |
Capital Small Finance Bank FD | 1 Year | 6.6 % | 7.1 % |
Jammu And Kashmir Grameen Bank FD | 1 Year | 6.25 % | 6.75 % |
Jammu & Kashmir Bank FD | 1 Year | 6.25 % | 6.75 % |
Chaitanya Godavari Grameena Bank FD | 1 Year | 6.2 % | 6.7 % |
Karnataka Bank FD | 1 Year | 6.2 % | 6.6 % |
FD rates for senior citizens
Axis Bank is offering interest between 4.90 percent to 6.50 percent for senior citizens on FDs maturing in 6 months to 10 years. Along with this, the benefit of additional interest rate is also being given to senior citizens. Axis Bank will offer a maximum interest rate of 6.90% to senior citizens on FDs maturing between 15 months and 2 years.
