Axis Bank FD Rates Check : Axis Bank has cut the fixed deposit interest rate by 10 basis points (BPS) for an amount of less than Rs 2 crore. According to the website of Axis Bank, the new FD rate is effective from 18 August 2023! The bank has reduced the interest rate by 10 bps from 7.30% to 7.10% on tenors less than 16 months to 17 months. After the revision, Axis Bank will offer an interest rate between 3.5% to 7.20% on tenures ranging from 7 days to 10 years.
Axis Bank FD Rates Check
Axis Bank FD Rates Check
Fixed deposits maturing in one year to four days will fetch 6.75% interest, while deposits maturing in less than one year to 5 days to 13 months will fetch 6.80% interest! The bank will pay 7.10 percent interest on deposits of 13 months and less than two years! Axis Bank offers 7.20% for a tenure of less than 2 years to 30 months. Axis Bank offers 7.05% for tenure less than 2 years to 30 months. 7% interest rate will be available on the remaining tenure.
Latest Axis Bank FD Interest Rates
Axis Bank will now offer Fixed Deposit interest rates of 3.50% for deposits maturing in 7 to 45 days and 4.00% for deposits maturing in 46 to 60 days. Axis Bank will now offer an interest rate of 4.50% and 4.75% on deposits with maturities ranging from 61 days to three months. Deposits maturing in 6 to 9 months will fetch 5.75% interest, while deposits maturing in 9 months to less than a year will fetch 6.00% interest.
Senior Citizen Interest Rate
After the revision, Axis Bank will now offer an interest rate between 3.50% to 7.95% on tenures ranging from 7 days to 10 years. The highest interest rate of 7.95% is given on tenure less than 2 years to 30 months.
Axis Bank New FD Rates
3.50% interest rate will continue to be offered on Fixed Deposits maturing in 7 days to 45 days. The bank will pay 4% interest on deposits maturing in 46 days to 60 days. 4.50% interest rate will be offered on deposits maturing in 61 days to 3 months! Deposits maturing in 3 months to 6 months will now be given an interest rate of 5.75 percent! Axis Bank will offer 6% interest rate on deposits maturing in 6 months to 9 months. 6% interest rate will be available on deposits maturing in 9 months to 1 year.
Axis Bank increases repo rate for the sixth time in a row
Let us tell you that on February 8, Reserve Axis Bank Governor Shaktikanta Das increased the repo rate for the sixth consecutive time. After the monetary policy meeting, he said that the pressure of rising inflation in the world is also on India and to control it completely, it has become necessary to increase the interest rates of loans once again! However, this time the Fixed Deposit rate has been increased by only 0.25%.
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