Axis Bank, a private sector lender, has revised its domestic term deposit rates in accordance with 2 crore. The new rate is effective as of today, October 1, 2022, according to the bank’s official website. Following RBI’s decision to increase the repo rate by 50 basis points to 5.90% on Friday, Axis Bank followed Bank of India (BOI), ICICI Bank and RBL Bank in raising interest rates. fixed deposit rate. Axis Bank is currently offering fixed deposits with term from 15 months to less than 2 years with maximum interest rate of 6.15% for the general public and 6.90% for senior citizens.