Axis Bank is offering the lowest interest rate of 2.50% on FDs maturing within seven to 29 days while the maximum interest rate of 5.75% is offered of FDs with a maturity period of five to 10 years.
New Delhi: Axis Bank has revised the interest rates the private lender offers on fixed deposits (FD) investments. The revision in the interest rates of fixed deposits, with a time period of 7 days to 10 years, has come into effect from March 18, 2021. The rates are effective on all fixed deposits less than 2 crores. Prior to this, Axis Bank had revised FD interest rates in May 2021.
Axis Bank is offering the lowest interest rate of 2.50% on FDs maturing within seven to 29 days while the maximum interest rate of 5.75% is offered of FDs with a maturity period of five to 10 years.
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The interest rates for senior citizens, however, are different for the general public. Axis Bank offers interest rates ranging from 2.5% to 6.50% on fixed deposits made by senior citizens. These interest rates are applicable for FDs maturing in seven days to 10 years.
Here are the latest Axis Bank FD interest rates for the general public:
Duration Interest rates on fixed deposit
7-29 days 2.50%
30 days- 3 months 3%
3 months – 6 months 3.5%
6 months – 11 months 25 days 4.40%
11 months 25 days – 18 months 5.10%,
18 months – 2 years 5.25%
2 years – 30 months 5.50%
3 years – 5 years 5.40%
5 years – 10 years 5.75%
