Axis Bank Raises FD Interest Rates By Up To 40 bps On Select Tenures; Check Latest Rates

Axis Bank has hiked rates of interest on fastened deposit (FD) by as much as 40 foundation factors (bps) on choose tenors on deposits beneath Rs 2 crore. The newest rates of interest have turn into efficient from March 10, 2023. The lender has additionally hiked the rates of interest within the latest previous additionally because the RBI has elevated the important thing repo price by 225 bps to comprise inflation.

According to Axis Bank’s web site, the lender has hiked rate of interest on FD maturing between 13 months and fewer than two years by 40 foundation factors from 6.75 per cent to 7.15 per cent. On deposits with maturities between 2 years and 30 months, the rate of interest supplied by the financial institution is the very best at 7.26 per cent.

Here are the revised rates of interest on fastened deposits beneath Rs 2 crore at Axis Bank from March 10, 2023:

7 days to 14 days: 3.50 per cent for General Public; 3.50 per cent for Senior Citizens

15 days to 29 days: 3.50 per cent for General Public; 3.50 per cent for Senior Citizens

30 days to 45 days: 3.50 per cent for General Public; 3.50 per cent for Senior Citizens

46 days to 60 days: 4.00 per cent for General Public; 4.00 per cent for Senior Citizens

61 days to lower than 3 months: 4.50 per cent for General Public; 4.50 per cent for Senior Citizens

3 months to lower than 4 months: 4.75 per cent for General Public; 4.75 per cent for Senior Citizens

4 months to lower than 5 months: 4.75 per cent for General Public; 4.75 per cent for Senior Citizens

5 months to lower than 6 months: 4.75 per cent for General Public; 4.75 per cent for Senior Citizens

6 months to lower than 7 months: 5.75 per cent for General Public; 6.00 per cent for Senior Citizens

7 months to lower than 8 months: 5.75 per cent for General Public; 6.00 per cent for Senior Citizens

8 months to lower than 9 months: 5.75 per cent for General Public; 6.00 per cent for Senior Citizens

9 months to lower than 10 months: 6.00 per cent for General Public; 6.25 per cent for Senior Citizens

10 months to lower than 11 months: 6.00 per cent for General Public; 6.25 per cent for Senior Citizens

11 months to lower than 11 months 25 days: 6.00 per cent for General Public; 6.25 per cent for Senior Citizens

11 months 25 days to lower than 1 12 months: 6.00 per cent for General Public; 6.25 per cent for Senior Citizens

1 12 months to lower than 1 12 months 4 days: 6.75 per cent for General Public; 7.50 per cent for Senior Citizens

1 12 months 5 days to lower than 1 12 months 11 days: 6.75 per cent for General Public; 7.50 per cent for Senior Citizens

1 12 months 11 days to lower than 1 12 months 24 days: 6.75 per cent for General Public; 7.50 per cent for Senior Citizens

1 12 months 25 days to lower than 13 months: 7.10 per cent for General Public; 7.85 per cent for Senior Citizens

13 months to lower than 14 months: 7.15 per cent for General Public; 7.90 per cent for Senior Citizens

14 months to lower than 15 months: 7.15 per cent for General Public; 7.90 per cent for Senior Citizens

15 months to lower than 16 months: 7.15 per cent for General Public; 7.90 per cent for Senior Citizens

16 months to lower than 17 months: 7.15 per cent for General Public; 7.90 per cent for Senior Citizens

17 months to lower than 18 months: 7.15 per cent for General Public; 7.90 per cent for Senior Citizens

18 months to lower than 2 years: 7.15 per cent for General Public; 7.90 per cent for Senior Citizens

2 years to lower than 30 months: 7.26 per cent for General Public; 8.01 per cent for Senior Citizens

30 months to lower than 3 years: 7.00 per cent for General Public; 7.75 per cent for Senior Citizens

3 years to lower than 5 years: 7.00 per cent for General Public; 7.75 per cent for Senior Citizens

5 years to 10 years: 7.00 per cent for General Public; 7.75 per cent for Senior Citizens.

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