Check Raised FD Interest Rates of Axis Bank

One of the leading private-sector lenders, Axis Bank has increased its fixed deposit or FD interest rates for the selected investors who have chosen these specific FD plans. Axis bank hike is following the series of FD interest rate hikes by the major private and public sector banks of the country due to the increase in repo rates by The Reserve Bank of India.

Check Raised FD Interest Rates of Axis Bank

FD Interest Rates Hike For Selected Tenures

For the FDs having tenures of over nine months, these new interest rates will be effective for them. With this hike, the FD interest rates of Axis Bank will show a difference of 10-35 basis points, depending on the tenure completely. Apart from the benefit of the new hike, the senior citizens will continue to get the bonus of 0.50 percent extra interest rate.

The new hike will be in effect from May 12, 2022, and will be applicable for the FDs worth below ₹2 Cr as per the Bank’s notification.

Also read:

Latest GMP Of LIC IPO Is A Doubt Raiser For Listing Gains

So, Take A Look At These Hiked FD Rates For Different Tenures Of Axis Bank:

FD TenuresInterest Rates in % For Regular Citizens Interest Rates in % For Senior Citizens
7-14 days2.502.50
15-29 days2.502.50
30-45 days3.003.00
46-60 days3.003.00
61 days – less than 3 months3.003.00
3 months – less than 4 months3.503.50
4 months – less than 5 months3.503.50
5 months – less than 6 months 3.503.50
6 months – less than 7 months 4.404.65
7 months – less than 8 months 4.404.65
8 months – less than 9 months 4.404.65
9 months – less than 10 months 4.755.00
10 months – less than 11 months 4.755.00
11 months 25 days – less than 1 year4.755.00
1 year – less than 1 year 5 days5.255.90
1 year 5 days – less than 1 year 11 days5.255.90
1 year 11 days – less than 1 year 25 days5.255.90
1 year 25 days – less than 13 months5.255.90
13 months – less than 14 months5.255.90
14 months – less than 15 months5.255.90
15 months – less than 16 months:5.305.95
16 months – less than 17 months5.305.95
17 months – less than 18 months5.305.95
18 months – less than 2 years5.305.95
2 years – less than 30 months5.606.25
30 months – less than 3 years5.606.25
3 years – less than 5 years5.606.25
5 years – 10 years5.756.50

Rishabh Sharma

Rishabh is an experienced content writer and editor, he is working for Viralbake to cover a diversified range of categories. His articles mainly focus on providing information, being a travel guide, educating others, and also making people aware of technology, after all, he is a technophile. When not writing he can be found gaming, watching movies, and travelling.

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