Axis Bank revises FD interest rates; earn up to 7.1% fixed deposit interest rate The new FD rate is effective from August 28, 2023, according to the Axis Bank website
Axis Bank has reduced the fixed deposit interest rate on one tenure by 10 basis points (bps) for amounts below Rs 2 crore. The new FD rate is effective from August 28, 2023, according to the Axis Bank website.The bank has reduced 10 bps on tenure of 2 years to less than 30 months from 7.20% to 7.10%.
After the revision, Axis Bank offers interest rates between 3.5% and 7.10% on tenures ranging from 7 days to 10 years.
Previously, the bank had reduced 10 bps on tenure of 16 months to less than 17 months on tenure from 7.30% to 7.10% on August 18, 2023.
Latest Axis Bank fixed deposit interest rates
The bank now offers fixed deposit interest rates of 3.50% for deposits maturing in 7 to 45 days and 4.00% for deposits maturing in 46 to 60 days. Axis Bank now offers interest rates of 4.50% and 4.75% on deposits with maturities ranging from 61 days to three months and 3 months to less than 6 months respectively.Deposits maturing in 6 to 9 months will earn 5.75% interest, while deposits maturing in 9 months to less than a year will earn 6.00% interest.
Fixed deposits maturing in one year to one year, four days earn 6.75%, while deposits maturing in one year, 5 days to less than 13 months earn 6.80%. The bank provides 7.10 percent on 13-month to less than 30 months. The bank has reduced 10 bps on tenure of 2 years to less than 30 months from 7.20% to 7.10%.
Axis Bank fixed deposits will earn a 7% interest rate on tenure from 30 months to ten years.
Axis Bank senior citizen interest rate
After the revision, the bank will now offer an interest rate between 3.50% to 7.85% on tenures ranging from 7 days to 10 years. The highest interest rate of 7.85% is offered on tenure 13 months to less than 30 months.
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This story originally appeared on: India Times - Author:Faqs of Insurances
