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Axis Bank adjusts domestic retail fixed deposit (FD) interest rates: Currently offering incentives up to 6%


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.

Axis Bank FD rate for non-elderly

For deposits due between 7 days and 29 days, the bank will offer an interest rate of 2.75% and for deposits due from 30 days to 3 months, Axis Bank is currently offering interest rate is 3.25%. Fixed deposits due between 3 months and 6 months currently have an interest rate of 3.75% and term deposits from 6 months to 9 months currently have an interest rate of 4.65%. Axis Bank is currently offering an interest rate of 4.75% on deposits with a term from 9 months to 1 year and the bank will offer an interest rate of 5.45% on deposits with a term from 1 year up to 1 year and 11 days.

The bank will now offer an interest rate of 5.75% for deposits with terms ranging from 1 year, 11 days to less than 1 year, 25 days, while Axis Bank will now offer an interest rate of 5.60 % for deposits with a term of 1 year, 25 days to 15 months. For deposits due from the next 15 months to 2 years, Axis Bank is currently offering a maximum interest rate of 6.15%, and for deposits with a term from 2 years to 5 years. Accordingly, the bank is currently offering an interest rate of 5.70%. . At Axis Bank, fixed deposits with terms from 5 to 10 years currently have an interest rate of 5.75%.

FD rate of Axis . Bank

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FD rate of Axis . Bank (axisbank.com)

Axis Bank FD Rates for Seniors

Axis Bank offers seniors an additional interest rate advantage on deposits with maturities ranging from 6 months to 10 years. Axis Bank is currently offering seniors an interest rate in the aforementioned term range, ranging from 4.90% to 6.50%. Fixed deposits with terms ranging from 15 months to 2 years will now offer seniors a maximum interest rate of 6.90%.

Axis Bank FD Rates for Seniors

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Axis Bank FD Rates for Seniors (axisbank.com)

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