Axis Bank has increased the fixed deposit interest rate on FDs from 17 months to less than 18 months by 10 basis points (bps) for general citizens from 7.10% to 7.20%. For senior citizens, the bank has increased it from 7.75% to 7.85%.
Axis Bank has revised its fixed deposit (FD) interest rates from February 5, 2024, this information is available from the bank’s website. The revised rates are applicable for FDs worth less than Rs 2 crore. For Axis Bank FD, the highest interest rate for individuals can go up to 7.20% and for senior citizens the highest interest rate can go up to 7.75%.
Axis Bank has increased the interest rate for which FD tenure?
Axis Bank has increased the fixed deposit interest rate on FDs from 17 months to less than 18 months by 10 basis points (bps) for general citizens from 7.10% to 7.20%. For senior citizens, the bank has increased it from 7.75% to 7.85%.
Axis Bank Latest FD Interest Rate
Axis Bank offers interest rates between 3% to 7.10% for general citizens on amounts less than Rs 2 crore for tenures ranging from 7 days to 10 years.
Axis Bank offers 3% interest rate on FDs between 7 to 29 days. The bank offers 3.5% interest rate on FDs payable in 30 to 45 days. Fixed deposits maturing between 46 to 60 days and less than 3 months will get 4.25% interest. Axis Bank offers 4.75% interest rate on FDs of three months to 25 days and less than six months. Axis Bank customers will get an interest rate of 6% on FDs maturing between nine months to less than one year. FD maturing between one year and less than 15 months will get an interest rate of 6.70%.
For FDs maturing between 15 months to less than five years (except 17 months < 18 months), the bank offers an interest rate of 7.1%. For tenure from 17 months to less than 18 months, the bank has increased it from 7.10% to 7.20%.
The bank gives an interest rate of 7% on FDs maturing between five years to 10 years.
Latest Axis Bank FD Interest Rates for Senior Citizens Senior citizens get an additional interest rate of up to 0.75% over the interest rate offered to general customers. Axis Bank offers interest rates between 4.8% to 7.85% for senior citizens on amounts less than Rs 2 crore for tenures ranging from 7 days to 10 years.
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