Interest rates on Axis Bank fixed deposits: Axis Bank, the leading private sector lender, has announced major changes to its fixed deposit (FD) interest rates for account holders who open such accounts. It comes at a time when major banks are changing their interest rates on fixed deposits following an indication of post-pandemic economic recovery. It should be noted that the private lender had a few days ago revised interest rates on fixed deposits below Rs 2 crore. The new Axis Bank FD rates, which took effect from Thursday, are applicable to deposits above Rs 5 crore.
Here are the revised interest rates on fixed deposits above Rs 2 crore at Axis Bank from 24 March 2022:
7 days to 14 days: 3.05% for the General Public; 3.05% for seniors
15 days to 29 days: 3.05% for the General Public; 3.05% for seniors
30 days to 45 days: 3.2% for the General Public; 3.2% for seniors
46 days to 60 days: 3.2% for the General Public; 3.2% for seniors
61 days to less than 3 months: 3.35% for the General Public; 3.35% for seniors
3 months to less than 4 months: 4% for the General Public; 4% for seniors
4 months to less than 5 months: 4% for the General Public; 4% for seniors
5 months to less than 6 months: 4% for the General Public; 4% for seniors
6 months to less than 7 months: 4.25% for the General Public; 4.5% for seniors
7 months to less than 8 months: 4.25% for the General Public; 4.5% for seniors
8 months to less than 9 months: 4.25% for the General Public; 4.5% for seniors
9 months to less than 10 months: 4.3% for the General Public; 4.55% for seniors
10 months to less than 11 months: 4.3% for the General Public; 4.55% for seniors
11 months to less than 11 months 25 days: 4.3% for the General Public; 4.55% for seniors
11 months 25 days to less than 1 year: 4.3% for the General Public; 4.55% for seniors
1 year to less than 1 year 5 days: 4.45% for the General Public; 5.1% for seniors
1 year 5 days to less than 1 year 11 days: 4.45% for the General Public; 5.1% for seniors
1 year 11 days to less than 1 year 25 days: 4.45% for the General Public; 5.1% for seniors
1 year 25 days to less than 13 months: 4.45% for the General Public; 5.1% for seniors
13 months to less than 14 months: 4.45% for the General Public; 5.1% for seniors
14 months to less than 15 months: 4.45% for the General Public; 5.1% for seniors
15 months to less than 16 months: 4.45% for the General Public; 5.1% for seniors
16 months to less than 17 months: 4.45% for the General Public; 5.1% for seniors
17 months to less than 18 months: 4.45% for the General Public; 5.1% for seniors
18 months to less than 2 years: 4.45% for the General Public; 5.1% for seniors
2 years to less than 30 months: 4.55% for the General Public; 5.2% for seniors
30 months to less than 3 years: 4.55% for the General Public; 5.2% for seniors
3 years to less than 5 years: 4.65% for the general public; 5.3% for seniors
5 to 10 years: 4.65% for the general public; 5.4% for seniors
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