Axis Bank cuts FD interest rates, slashes fixed deposit rate by 50 bps on this tenure
After the revision, Axis Bank offers interest rates between 3% and 7.10% on tenures ranging from 7 days to 10 years.
Also read: Should FD investors wait or book their FDs now as RBI holds repo rate?
The bank has reduced 50 bps on tenure ranging from 7 days to 29 days from 3.50% to 3%.While, it has increased by 25 bps on tenure of 46 days to 60 days from 4% to 4.25%
The bank has reduced 10 bps on tenure ranging between 1 year 5 days to 15 months from 6.80 to 6.70. ON tenure of 1 year to 1 year 4 days, the bank reduced by 5 bps from 6.75% to 6.70%.
Also read: Fixed deposit interest rates start seeing a dip in banks; how to select FD tenure now for maximum returns
Latest Axis Bank fixed deposit interest rates
The bank now offers fixed deposit interest rates of 3% for deposits maturing in 7 to 45 days and 4.25% for deposits maturing in 46 to 60 days. Axis Bank now offers interest rates of 4.50% and 4.75% on deposits with maturities ranging from 61 days to three months and 3 months to less than 6 months respectively.
Deposits maturing in 6 to 9 months will earn 5.75% interest, while deposits maturing in 9 months to less than a year will earn 6.00% interest.
Fixed deposits maturing in one year to one year, four days earn 6.70%, while deposits maturing in one year, 5 days to less than 15 months earn 6.70% The bank provides 7.10 percent on 15-month to less than 30 months. The bank has reduced 10 bps on tenure of 2 years to less than 5 years.
Axis Bank fixed deposits will earn a 7% interest rate on tenure from 5 years to 10 years.
