Axis Bank has announced a hike in interest rates for its fixed deposits as below 2 crores. According to the official website of the bank, the new interest rates have become effective from today, September 9, 2022. The bank has raised interest rates over several periods in response to the change. The bank has increased the interest rates on fixed deposits by 25 bps for maturities ranging from 7 days to 6 months.
Axis Bank FD Rates
On fixed deposits maturing in 7 days to 29 days, the bank has increased the interest rate by 25 bps from 2.50% to 2.75% and on fixed deposits maturing in 30 days to 3 months, Axis Bank has increased the interest rate to 3% increased by 25 bps. up to 3.25%. Fixed deposits maturing in 3 months to 6 months will now attract an interest rate of 3.75% from 3.50% earlier, an increase of 25 bps. On fixed deposits maturing in 6 months to 7 months and 7 months to 8 months, the bank will continue to offer interest rates of 4.65% and 4.40% respectively and interest rates on fixed deposits maturing in 8 months to 9 months respectively Will continue of 4.65%.
The interest rate on fixed deposits maturing in 9 months to 1 year will continue at 4.75 per cent, while on fixed deposits maturing in 1 year to 1 year and 11 days, the interest rate will remain constant at 5.45 per cent. On fixed deposits maturing in 1 year 11 days to 1 year 25 days, Axis Bank will continue to offer an interest rate of 5.75%, and on fixed deposits maturing in 1 year 25 days to 2 years, the bank will continue to promise interest at the rate of 5.60%. On fixed deposits maturing in 2 to 5 years, the bank will continue to pay an interest rate of 5.70%, and on fixed deposits maturing in 5 to 10 years, it will pay an interest rate of 5.75%.
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Axis Bank FD Rates for Senior Citizens
Senior citizens will get 2.75 percent interest rate on fixed deposits maturing in 7 days to 29 days and senior citizens will now get 3.25% interest rate on fixed deposits maturing in 30 days to 3 months. Fixed deposits maturing in 3 months to 6 months will continue to get an interest rate of 3.75% and fixed deposits maturing in 6 months to 7 months will now get an interest rate of 4.90%. Senior citizens will now get interest rates of 4.65% and 4.90% on fixed deposits maturing in 7 months to 8 months and 8 months to 9 months. Senior citizens will now get an interest rate of 5.00% on fixed deposits maturing in 9 months to 1 year.
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Senior citizens will now get an interest rate of 6.20 percent on fixed deposits maturing in 1 year to 1 year 11 days and 6.50 percent interest on fixed deposits maturing in 1 year 11 days to 1 year 25 days. . Fixed deposits maturing in 1 year 25 days to 2 years will now pay an interest rate of 6.35% to senior citizens, and an interest rate of 6.45% to senior citizens on fixed deposits maturing in 2 years to 5 years. will be paid. Senior citizens will get an interest rate of 6.50% on fixed deposits maturing in 5 years to 10 years.
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