Search
Axis Bank revises FD rates effective from today
August 29, 2023
Axis Bank on Monday announced a revision of its interest rates on fixed deposits (FDs) of less than ₹2 Cr. Following the revision, the bank is now promising interest rates ranging from 3.50% to 7.00% for the general public and 6.00% to 7.75% for senior citizens.
On FDs maturing in 13 months to 30 months, Axis Bank is now promising a maximum return of 7.10% for non-senior citizens and 7.85% for senior citizens. As per the official website of the bank, these FD rates are effective as of 28 August 2023.
The bank currently offers an interest rate of 3.50% on fixed deposits that mature within the next 7 days to 45 days, while Axis Bank also guarantees an interest rate of 4.00 on deposits maturing in the next 46 days to 60 days. Currently, Axis Bank is providing a fixed deposit interest rate of 4.50% for tenors of 61 days to three months and 4.75% for tenors of three months to six months. Deposits that mature in 6 to 9 months will earn interest at a rate of 5.75%, while those that mature in 9 to 12 months will now earn interest at a rate of 6%.
The bank is paying an interest rate of 6.75% on fixed deposits that mature in 1 year to 1 year 4 days, while Axis Bank is providing an interest rate of 6.80% on deposits that mature in 1 year 5 days to 13 months. On deposits with a duration of 13 months to 30 months, Axis Bank would charge an interest rate of 7.10%, and on deposits with a tenure of 30 months to 10 years, 7.00%.
Important Links:
- 4-IN-1 Professional Diploma in Banking, Financial Services & Insurance (PDBFSI): https://ask.careers/courses/4-in-1-professional-diploma-in-banking-financial-services-insurance-pdbfsi/
- Mumbai: https://ask.careers/cities/mumbai/
- TSCFM: https://ask.careers/institutes/tscfm/
