Axis Bank FD interest rates and fixed deposit interest rates for senior citizens have been set separately.
Axis Bank Increased Interest Rates
Axis Bank has announced a hike in interest rates for its Fixed Deposits (FDs) of less than Rs 2 crore. According to the bank’s official website, the new interest rates will be effective from September 9, 2022. The bank has increased interest rates over several periods in response to the change. The bank has increased the interest rates on fixed deposits by 25 bps for maturity time frames ranging from 7 days to 6 months. In this, Axis Bank FD interest rates and fixed deposit interest rates for senior citizens have been set separately.
Axis Bank FD Interest Rates
On FDs maturing in 7 days to 29 days, the bank has increased the interest rate by 25 bps from 2.50% to 2.75% and on FDs maturing in 30 days to 3 months, Axis Bank has increased the interest rate from 3% to 3.25. % is increased by 25 bps. FDs maturing in 3 months to 6 months will now get an interest rate of 3.75%, which was earlier 3.50%, an increase of 25 bps. The bank will continue to offer an interest rate of 4.65% and 4.40% on FDs maturing in 6 months to 7 months and 7 months to 8 months respectively and 4.65% interest rate on FDs maturing in 8 months to 9 months.
The interest rate on FDs maturing in 9 months to 1 year will continue at 4.75 per cent, while on FDs maturing in 1 year to 1 year and 11 days, the interest rate will remain constant at 5.45 per cent. Axis Bank will continue to offer an interest rate of 5.75% on FDs maturing in 1 year 11 days to 1 year 25 days, and on fixed deposits maturing in 1 year 25 days to 2 years, the bank will continue to promise 5.60% rate of interest Will continue On fixed deposits maturing in 2 to 5 years, the bank will continue to pay an interest rate of 5.70%, and on fixed deposits maturing in 5 to 10 years, it will pay an interest rate of 5.75%.
FD interest rates for senior citizens
Senior citizens will get 2.75 percent interest rate on fixed deposits maturing in 7 days to 29 days and senior citizens will now get 3.25% interest rate on FDs maturing in 30 days to 3 months. Fixed deposits maturing in 3 months to 6 months will continue to get an interest rate of 3.75% and FDs maturing in 6 months to 7 months will now get an interest rate of 4.90%. Senior citizens will now get 4.65% and 4.90% interest rates on FDs maturing in 7 months to 8 months and 8 months to 9 months. Senior citizens will now get an interest rate of 5.00% on FDs maturing in 9 months to 1 year.
Senior citizens will now get an interest rate of 6.20 percent on fixed deposits maturing in 1 year to 1 year 11 days and 6.50 percent interest on fixed deposits maturing in 1 year 11 days to 1 year 25 days. . An interest rate of 6.35% will now be paid to senior citizens on fixed deposits maturing in 1 year 25 days to 2 years and an interest rate of 6.45% will be paid to senior citizens on FDs maturing in 2 years to 5 years will go. Senior citizens will get an interest rate of 6.50% on FDs maturing in 5 years to 10 years.
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