Axis Bank has made major changes in its Fixed Deposit Rates. On FDs below Rs 2 crore, the bank is offering interest rates ranging from 2.75 per cent to 5.75 per cent. At the same time, for senior citizens, these rates are between 2.75 percent to 6.50 percent.
A depositor can choose the FD tenure in Axis Bank from a minimum tenure of 7 days to a maximum of 10 years. The rates on bulk FDs have also been increased from Rs 2 crore to Rs 100 crore and above.
Increase in FD of general category-
Axis Bank’s highest rate for general category on FDs below Rs 2 crore is 5.75 per cent for 1 year 11 days to 1 year 25 days, and 5 years to 10 years.
It is offering 5.70 per cent rate on FDs with tenures ranging from 2 years to less than 5 years. The FD rate from 1 year 25 days to less than 2 years is 5.60 percent. The rate is 5.45 per cent on tenure of 1 year and 11 days less than one year. Apart from this, the FD rate of 9 months to less than 1 year is 4.75 percent.
The interest rate on FDs ranging from 6 months to less than 9 months is 4.65 percent, while on FDs of 3 months to less than 6 months, the interest rate is 3.75 percent. On FDs ranging from 30 days to less than 3 months, the rate is 3.25 per cent, and the rate is 2.75 per cent on tenures of 7 days to 29 days.
FD rate for senior citizens-
On FDs below Rs 2 crore, the bank is offering the highest interest rate of 6.50 per cent on tenures of 1 year 11 days to 1 year 25 days, and 5 years to 10 years. The rate for 2 years to less than 5 years is 6.45 per cent. In addition, the rate is 6.35 per cent for tenures ranging from 1 year 25 days to less than 2 years.
Axis Bank is offering 6.20 per cent rate on FDs of less than 1 year and 11 days, while interest rate on FDs of 9 months to less than 1 year is 5 per cent.
The interest rate on FDs from 6 months to less than 9 months is 4.90 percent. Apart from this, 3.75 percent interest is being given on FDs ranging from 3 months to less than 6 months.
The rate on FDs ranging from 30 days to less than 3 months is 3.25 percent. Axis Bank is offering 2.75 percent interest rate on the smallest FD from 7 days to 29 days.
