After SBI, Axis Bank Hikes FD Interest Rates

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    With effect from June 1, Axis Bank interest rates have been revised on fixed deposits in domestic and NRI (non-resident Indian) category. Earlier this week, the largest lender in the country, State Bank of India (SBI) had increased its interest rates effective from 28 May.

    After SBI, Axis Bank Hikes FD Interest Rates

    As the third largest private sector bank in India, Axis offers a variety of financial products to its customers.

    The latest interest (in percentage) applicable on domestic fixed deposits less than 5 crores made at Axis Bank:

    PeriodLess than Rs 1 croreRs 1 crore < Rs 5 crores
    7 days to 14 days3.505.50
    15 days to 29 days3.505.50
    30 days to 45 days5.506.00
    46 days to 60 days6.006.30
    61 days < 3 months6.006.50
    3 months < 4 months6.006.75
    4 months < 5 months6.006.75
    5 months < 6 months6.006.75
    6 months < 7 months6.256.90
    7 months < 8 months6.256.90
    8 months < 9 months6.256.90
    9 months < 10 months6.506.90
    10 months < 11 months6.506.90
    11 months < 1 year6.506.90
    1 year < 12 months 5 days7.107.30
    12 months 5 days < 12 months 11 days7.407.60
    12 months 11 days < 13 months7.107.30
    13 months < 14 months7.107.30
    14 months < 15 months7.007.25
    15 months < 16 months7.007.25
    16 months < 17 months7.007.25
    17 months < 18 months7.007.25
    18 Months < 2 years7.007.25
    2 years < 30 months7.007.25
    30 months < 3 years7.007.25
    3 years < 5 years7.007.00
    5 years to 10 years7.007.00

    The private bank also offers fixed deposit "plus" facility, where the deposits made are over Rs 15 lakhs and there is no premature withdrawal allowed on them. With effective from 1 June, interest rates (in percentage) on fixed deposit plus are:

    Period> Rs 15 Lakhs < Rs 1 croreRs 1 crore< Rs 5 crores
    7 days to 14 days3.505.50
    15 days to 29 days3.505.50
    30 days to 45 days5.506.00
    46 days to 60 days6.006.30
    61 days < 3 months6.006.50
    3 months < 4 months6.006.75
    4 months < 5 months6.006.75
    5 months < 6 months6.006.75
    6 months < 7 months6.256.90
    7 months < 8 months6.256.90
    8 months < 9 months6.256.90
    9 months < 10 months6.506.90
    10 months < 11 months6.506.90
    11 months < 1 year6.506.90
    1 year < 12 months 5 days7.107.30
    12 months 5 days < 12 months 11 days7.407.60
    12 months 11 days < 13 months7.107.30
    13 months < 14 months7.107.30
    14 months < 15 months7.007.25
    15 months < 16 months7.007.25
    16 months < 17 months7.007.25
    17 months < 18 months7.007.25
    18 Months < 2 years7.007.25
    2 years < 30 months7.007.25
    30 months < 3 years7.007.25
    3 years < 5 years7.007.00
    5 years to 10 years7.007.00

    Read more about: fd axis bank fixed deposits
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