If you are planning to invest in FD, then this article is for you. Axis Bank, a lender in the private sector, has updated its interest rates for fixed deposits. The updated interest rates for deposits over Rs 5 crore will take effect from December 4. Simultaneously, the bank altered the interest rates for FDs below Rs 3 crore last month.
The bank is providing interest rates between 3% and 7.25% on FDs for the public, applicable to amounts under Rs 3 crore. The interest rates for elderly individuals vary between 3.50% and 7.75%. Simultaneously, the bank provides interest rates ranging from 4.75% to 7.30% to the public on term deposits exceeding Rs 5 crore.
Axis Bank Fixed Deposit Interest Rates
Axis Bank is providing appealing interest rates on one-year fixed deposits. The interest rate for general citizens is 6.70 percent, while for senior citizens it is 7.20 percent on investments under Rs 3 crore. Investments between Rs 5 crore and Rs 10 crore are earning an interest of 7.80%. The bank is providing an additional 0.50% interest to senior citizens on fixed deposits under Rs 3 crore. Nonetheless, an investment exceeding Rs 5 crore does not qualify for this facility.
Fixed Deposit
From 14 days- 3%
15 to 29 Days- 3%
30 to 45 Days- 3.50%
46 to 60 Days- 4.25%
From 61 days to less than 3 months- 4.50%
From 3 months to 3 months 24 days- 4.75%
3 Months 25 Days to Less than 4 Months – 4.75%
From 4 months to less than 5 months- 4.75%
From 5 months to less than 6 months- 4.75%
From 6 months to less than 7 months- 5.75%
From 7 months to less than 8 months- 5.75%
From 8 months to less than 9 months- 5.75%
From 9 months to less than 10 months- 6%
From 10 months to less than 11 months- 6%
From 11 months to 11 months 24 days- 6%
From 11 months 25 days to less than 1 year- 6%
From 1 year to 1 year 4 days- 6.70%
From 1 year 5 days to 1 year 10 days – 6.70%
From 1 year 11 days to 1 year 24 days – 6.70%
From 1 year 25 days to less than 13 months – 6.70%
From 13 months to less than 14 months- 6.70%
From 14 months to less than 15 months- 6.70%
From 15 months to less than 16 months- 7.25%
From 16 months to less than 17 months- 7.25%
From 17 months to less than 18 months- 7.25%
From 18 months to less than 2 years- 7.25%
From 2 years to less than 30 months – 7.10%
From 30 months to less than 3 years- 7.10%
From 3 years to less than 5 years- 7.10%
From 5 years to 10 years- 7%.
