Axis Bank changes its FD interest rates, senior citizens to receive higher rate

Axis Bank has revised Fixed Deposit Rates with effect from 18th March.

Private sector bank, Axis Bank has revised its interest rates for fixed deposits. New FD rates has been implemented from 18th March. Axis Bank offers FDs ranging from 7 days to 10 Years.

According to a report published by LiveMint, after latest revision, for 7 to 29 days FDs, bank is offering interest rate of 2.50%, 3% for FDs maturing between 30 days to 3 months, while 3.5% interest rate for FDs maturing between 3 months and less than 6 months.

For FDs maturing in six months to less than 11 months 25 days, Axis Bank gives interest of 4.40 %. 5.15%  for FDs maturing from 11 months 25 days to less than 1 year 5 days ,  5.10% for FDs maturing from 1 year 5 days to less than 18 months. For term deposits maturing in 18 months to less than 2 years, Axis Bank gives 5.25% interest.

Axis Bank latest FD interest rates (below 2 crore) for general public:

7 days to 14 days 2.50%

15 days to 29 days 2.50%

30 days to 45 days 3%

46 days to 60 days 3%

61 days < 3 months 3%

3 months < 4 months 3.5%

4 months < 5 months 3.5%

5 months < 6 months 3.5%

6 months < 7 months 4.40%

7 months < 8 months 4.40%

8 months < 9 months 4.40%

9 months < 10 months 4.40%

10 months < 11 months 4.40%

11 months < 11 months 25 days 4.40%

11 months 25 days < 1 year 5.15%

1 year < 1 year 5 days 5.15%

1 year 5 days < 1 year 11 days 5.10%

1 year 11 days < 1 year 25 days 5.10%

1 year 25 days < 13 months 5.10%

13 months < 14 months 5.10%

14 months < 15 months 5.10%

15 months < 16 months 5.10%

16 months < 17 months 5.10%

17 months < 18 months 5.10%

18 Months < 2 years 5.25%

2 years < 30 months 5.40%

30 months < 3 years 5.40%

3 years < 5 years 5.40%

5 years to 10 years 5.75%

Axis Bank also offers high interest rate to senior citizens. Senior citizens will receive an interest rate from 2.25% to 6.65% on deposits maturing in 7 days to 10 years.

Earlier this year in January, Axis Bank had announced the removal of penalty on premature closure of all new retail term deposits booked on or after 15th December 2020 for tenure of 2 or more Years.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More