Axis Bank FD: The private sector bank Axis has modified the interest rates for fixed deposits. The revised interest rates for amounts over Rs 5 crore have taken effect today, December 4. The bank had altered the interest rates for fixed deposits under Rs 3 crore just last month.
The bank is providing interest rates between 3% and 7.25% on fixed deposits below Rs 3 crore for the general public. The interest rate for elderly individuals ranges from 3.50% to 7.75%. The bank is providing interest rates ranging from 4.75% to 7.30% to the general public on term deposits exceeding Rs 5 crore. Axis Bank is providing appealing interest rates on a one-year fixed deposit. For investments under Rs 3 crore, regular citizens receive 6.70% interest while senior citizens earn 7.20% interest.
An interest rate of 7.80%
For an investment ranging from Rs 5 crore to Rs 10 crore, an interest rate of 7.80% is offered. Kindly be aware that the bank is providing an additional 0.50% interest to senior citizens on fixed deposits below Rs 3 crore. However, this option is not available for investments exceeding Rs 5 crore.
FD interest rates according to tenure
- From 14 days- 3%
- 15 to 29 days – 3%
- 30 to 45 days – 3.50%
- 46 to 60 days – 4.25%
- 61 days to less than 3 months – 4.50%
- 3 months to 3 months 24 days – 4.75%
- 3 months 25 days to less than 4 months – 4.75%
- 4 months to less than 5 months – 4.75%
- 5 months to less than 6 months – 4.75%
- 6 months to less than 7 months – 5.75%
- 7 months to less than 8 months – 5.75%
- 8 months to less than 9 months – 5.75%
- 9 months to less than 10 months – 6%
- 10 months to less than 11 months – 6%
- 11 months to 11 months 24 days – 6%
- 11 months 25 days to less than 1 year – 6%
- 1 year to 1 year 4 days – 6.70%
- 1 year 5 days to 1 year 10 days – 6.70%
- 1 year 11 days to 1 year 24 days – 6.70%
- 1 year 25 days to less than 13 months – 6.70%
- 13 months to less than 14 months – 6.70%
- 14 months to less than 15 months – 6.70%
- 15 months to less than 16 months – 7.25%
- 16 months to less than 17 months – 7.25%
- 17 months to less than 18 months – 7.25%
- 18 months to less than 2 years – 7.25%
- 2 years to less than 30 months – 7.10%
- 30 months to less than 3 years – 7.10%
- 3 years to less than 5 years – 7.10%
- 5 years to 10 years – 7%