Axis Bank revises fixed deposit rates. Now get more than a 7% interest rate on these tenures. Latest FD rates here
Axis Bank has revised the fixed deposit interest rates for amounts below ₹2 crore. The new FD rate is effective from today, 26 July 2023, according to the Axis Bank website. The bank has slashed the rate on one tenure by 10 basis points (bps).
Axis Bank offers FD rates of 3.50-7.10% p.a. to the general public. The bank is guaranteeing an interest rate of 3.50% on fixed deposits maturing in 7 days to 45 days, and 4% on those maturing in 46 days to 60 days.
On deposits with a tenor of 61 days to three months, the bank guarantees an interest rate of 4.50%, and on deposits with a tenor of three months to six months, Axis Bank promises an interest rate of 4.75%. Deposits that mature in 6 to 9 months will earn interest at a rate of 5.75%, and those that mature in 9 to 12 months will earn 6%. The bank is now giving an interest rate of 6.75% on fixed deposits maturing in 1 year to 1 year 4 days, while Axis Bank is also offering an interest rate of 6.80% on deposits maturing in 1 year 5 days to 13 months.
On deposits held for 13 months to two years, Axis Bank is now giving an interest rate of 7.10%. However, the bank has reduced the duration from 16 months to less than 17 months by 10 basis points to 7.10% from 7.20%. On deposits held for two years to thirty months, the bank is now offering an interest rate of 7.05%.
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