Back to Career News

Axis Bank revises FD rates effective from today

August 29, 2023

Axis Bank revises FD rates effective from today
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:

Recommended for you ...

Nirmala Sitharaman Continues as Finance Minister in Modi's Third Term
Nirmala Sitharaman Continues as Finance Minister in Modi's Third Term

June 11, 2024

BFSI Industry Shares Expectations from New Government
BFSI Industry Shares Expectations from New Government

June 11, 2024

RBI Keeps Repo Rate Unchanged for Eighth Time in a Row
RBI Keeps Repo Rate Unchanged for Eighth Time in a Row

June 11, 2024

Chat on WhatsApp