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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.
/img/2017/08/axisbank-17-1502961582.jpg "axis bank branch")
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:
| Period | Less than Rs 1 crore | Rs 1 crore |
|---|---|---|
| 7 days to 14 days | 3.50 | 5.50 |
| 15 days to 29 days | 3.50 | 5.50 |
| 30 days to 45 days | 5.50 | 6.00 |
| 46 days to 60 days | 6.00 | 6.30 |
| 61 days | 6.00 | 6.50 |
| 3 months | 6.00 | 6.75 |
| 4 months | 6.00 | 6.75 |
| 5 months | 6.00 | 6.75 |
| 6 months | 6.25 | 6.90 |
| 7 months | 6.25 | 6.90 |
| 8 months | 6.25 | 6.90 |
| 9 months | 6.50 | 6.90 |
| 10 months | 6.50 | 6.90 |
| 11 months | 6.50 | 6.90 |
| 1 year | 7.10 | 7.30 |
| 12 months 5 days | 7.40 | 7.60 |
| 12 months 11 days | 7.10 | 7.30 |
| 13 months | 7.10 | 7.30 |
| 14 months | 7.00 | 7.25 |
| 15 months | 7.00 | 7.25 |
| 16 months | 7.00 | 7.25 |
| 17 months | 7.00 | 7.25 |
| 18 Months | 7.00 | 7.25 |
| 2 years | 7.00 | 7.25 |
| 30 months | 7.00 | 7.25 |
| 3 years | 7.00 | 7.00 |
| 5 years to 10 years | 7.00 | 7.00 |
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 crore |
|---|---|---|
| 7 days to 14 days | 3.50 | 5.50 |
| 15 days to 29 days | 3.50 | 5.50 |
| 30 days to 45 days | 5.50 | 6.00 |
| 46 days to 60 days | 6.00 | 6.30 |
| 61 days | 6.00 | 6.50 |
| 3 months | 6.00 | 6.75 |
| 4 months | 6.00 | 6.75 |
| 5 months | 6.00 | 6.75 |
| 6 months | 6.25 | 6.90 |
| 7 months | 6.25 | 6.90 |
| 8 months | 6.25 | 6.90 |
| 9 months | 6.50 | 6.90 |
| 10 months | 6.50 | 6.90 |
| 11 months | 6.50 | 6.90 |
| 1 year | 7.10 | 7.30 |
| 12 months 5 days | 7.40 | 7.60 |
| 12 months 11 days | 7.10 | 7.30 |
| 13 months | 7.10 | 7.30 |
| 14 months | 7.00 | 7.25 |
| 15 months | 7.00 | 7.25 |
| 16 months | 7.00 | 7.25 |
| 17 months | 7.00 | 7.25 |
| 18 Months | 7.00 | 7.25 |
| 2 years | 7.00 | 7.25 |
| 30 months | 7.00 | 7.25 |
| 3 years | 7.00 | 7.00 |
| 5 years to 10 years | 7.00 | 7.00 |
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