Axis Bank Hikes Interest Rates On Fixed Deposits

Axis Bank Hikes Interest Rates on Fixed Deposits. Check Revised Rates For Senior Citizens

Category : Business

Author: Nob6 Team

Post Date :

[ad_1]

Axis Bank Fixed Deposit Interest Rate Latest Update: Bank customers who have opened FDs in Axis Bank, here’s an update for you. The private lender said it has increased interest rate on fixed deposit (FD) interest rates for select account holders who open such accounts. The bank said the FD interest rate has been increased by 25 basis points each for deposits below Rs 2 crore on maturity period of 6 months to less than 7 months, and 8 months and less than 9 months.Also Read – Bank Customer Alert: ICICI Bank Hikes Fixed Deposit Interest Rates. Check Revised Rates Here

As per the updates from the bank, these new rates are applicable from July 16, 2022. Prior to Axis Bank, many other banks such as SBI, IDBI Bank, DBS Bank, and Canara Bank have hiked their interest rates on FDs making them more attractive to customers. Also Read – PNB Introduces ‘Pre-Approved Personal Loan In 4 Clicks And Single OTP’ | Deets Inside

Axis Bank said now it will offer 4.65% rate from a 4.40% rate on tenures of 6 months to less than 7 months, and 8 months and less than 9 months. Also Read – Kotak Mahindra Bank FD Rates Hiked! Check Latest Rates Here

Here are the revised interest rates:

  • 7 days to 14 days: 2.50 per cent for General Public; 2.50 per cent for Senior Citizens
  • 15 days to 29 days: 2.50 per cent for General Public; 2.50 per cent for Senior Citizens
  • 30 days to 45 days: 3.00 per cent for General Public; 3.00 per cent for Senior Citizens
  • 46 days to 60 days: 3.00 per cent for General Public; 3.00 per cent for Senior Citizens
  • 61 days to less than 3 months: 3.00 per cent for General Public; 3.00 per cent for Senior Citizens
  • 3 months to less than 4 months: 3.50 per cent for General Public; 3.50 per cent for Senior Citizens
  • 4 months to less than 5 months: 3.50 per cent for General Public; 3.50 per cent for Senior Citizens
  • 5 months to less than 6 months: 3.50 per cent for General Public; 3.50 per cent for Senior Citizens
  • 6 months to less than 7 months: 4.65 per cent for General Public; 4.65 per cent for Senior Citizens
  • 7 months to less than 8 months: 4.40 per cent for General Public; 4.65 per cent for Senior Citizens
  • 8 months to less than 9 months: 4.65 per cent for General Public; 4.65 per cent for Senior Citizens
  • 9 months to less than 10 months: 4.75 per cent for General Public; 5.00 per cent for Senior Citizens
  • 10 months to less than 11 months: 4.75 per cent for General Public; 5.00 per cent for Senior Citizens
  • 11 months to less than 11 months 25 days: 4.75 per cent for General Public; 5.00 per cent for Senior Citizens
  • 11 months 25 days to less than 1 year: 4.75 per cent for General Public; 5.00 per cent for Senior Citizens
  • 1 year to less than 1 year 5 days: 5.25 per cent for General Public; 5.90 per cent for Senior Citizens
  • 1 year 5 days to less than 1 year 11 days: 5.25 per cent for General Public; 5.90 per cent for Senior Citizens
  • 1 year 11 days to less than 1 year 25 days: 5.25 per cent for General Public; 5.90 per cent for Senior Citizens
  • 1 year 25 days to less than 13 months: 5.25 per cent for General Public; 5.90 per cent for Senior Citizens
  • 13 months to less than 14 months: 5.25 per cent for General Public; 5.90 per cent for Senior Citizens
  • 14 months to less than 15 months: 5.25 per cent for General Public; 5.90 per cent for Senior Citizens
  • 15 months to less than 16 months: 5.30 per cent for General Public; 5.95 per cent for Senior Citizens
  • 16 months to less than 17 months: 5.30 per cent for General Public; 5.95 per cent for Senior Citizens
  • 17 months to less than 18 months: 5.30 per cent for General Public; 5.95 per cent for Senior Citizens
  • 18 months to less than 2 years: 5.30 per cent for General Public; 5.95 per cent for Senior Citizens
  • 2 years to less than 30 months: 5.60 per cent for General Public; 6.25 per cent for Senior Citizens
  • 30 months to less than 3 years: 5.60 per cent for General Public; 6.25 per cent for Senior Citizens
  • 3 years to less than 5 years: 5.60 per cent for General Public; 6.25 per cent for Senior Citizens
  • 5 years to 10 years: 5.75 per cent for General Public; 6.50 per cent for Senior Citizens



[ad_2]

Source link

Tags

Axis Bank, Axis Bank deposits, axis bank fd interest rates, Axis Bank FD investments, axis bank fd rate hike, Axis Bank FD rates check here, Axis Bank FD rates hike, axis bank fd1 axis bank personal loan customer care number, Axis Bank fixed deposit, axis bank fixed deposit interest rate hike, axis bank fixed deposit interest rates, Axis Bank fixed deposits interest rates, Axis Bank interest rate, axis bank interest rates on fixed deposit, Axis Bank new FD rates, Axis Bank senior citizens FD rates, , FD interest rate, fixed deposit, fixed deposit interest rates, fixed deposits, fixed deposits interest rates, Interest Rate, service request form axis bank

About Author

Nob6

Nob6 have a great team of writers and developers who are enthusiastic about delivering quality content focusing on 10,000 + users and loyal readers. 

Leave a Comment

Author : Nob6

Nob6.com: Nob6 Blog – The Complete blog for Blogging, Business, Money Making Tips, Startups, Webmaster, Guest posting, tips and tricks, and Technology News.

Join Us

Recommended Posts

Mastering Advanced DevOps: Serverless Architectures and Microservices for Enhanced Agility

Mastering Advanced DevOps: Serverless Architectures and Microservices for Enhanced Agility

Trickle Chargers Boosting Your Car's Battery Life

Trickle Chargers: Boosting Your Car’s Battery Life

Which Aspects of Business are Just as Important as Your Main Service

Which Aspects of Business are Just as Important as Your Main Service

What Needs To Be Arranged Before Moving Home

What Needs To Be Arranged Before Moving Home

From Manuscript to Masterpiece How Professional Book Printing Services Make the Difference

From Manuscript to Masterpiece: How Professional Book Printing Services Make the Difference

Fundamental Factors Influencing WSM Coin: A Comprehensive Overview

Fundamental Factors Influencing WSM Coin: A Comprehensive Overview

Business team learning about what are contact center solutions and searching the best one

What Are Contact Center Solutions and How Do They Benefit Businesses?