For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Axis Bank Revises Fixed Deposit Interest Rates

|

Axis Bank revised interest rates on fixed deposits offered by it to domestic and NRI (non-resident Indian) customers. The private lender offers deposit facilities for tenures between 7 days to 10 years. For NRIs, the minimum tenure for a term deposit is 1 year.

Axis Bank Revises Fixed Deposit Interest Rates
 

According to the bank's website, the new rates are effective from 10 July 2019. Here are top interest rates on FDs less than Rs 5 crores for domestic customers:

Tenure Deposits below Rs 2 crore Rs 2 crore but less than Rs 4.91 crore Rs 4.91 crore but less than Rs 4.92 crore Rs 4.92 crore but less than Rs 5 crore
1 year < 1 year 5 days 7.10% 7.10% 6.10% 7.10%
1 year 25 days < 13 months 7.20% 7.20% 6.20% 7.20%
13 months < 14 months 7.20% 7.15% 6.15% 7.15%
2 years < 30 months 7.30% 7.30% 6.15% 7.00%
5 years to 10 years 7.00% 7.30% 6.50% 7.00%

Axis bank offers domestic fixed deposit plus, an FD scheme that offers slightly higher interest but requires a minimumm deposit of Rs 5 crore and there are no premature withdrawals allowed on these.

Here are some of the best interest rates on this category:

Tenure Rs 5 crore but less than Rs 10 crore Rs 10 crore but less than Rs 25 crore Rs 25 crore but less than Rs 50 crore Rs 50 crore but less than Rs 100 crore
9 months < 10 months 7.00% 7.00% 7.00% 7.00%
1 year < 1 year 5 days 7.25% 7.25% 7.25% 7.25%
14 months < 15 months 7.10% 7.10% 7.10% 7.10%

In the NRI deposits category, deposits have to made for a minimum of 1 year. Here are the best rates on Axis Bank NRI deposits less than Rs 5 crore:

Tenure Deposits below Rs 2 crore Rs 2 crore but less than Rs 4.91 crore Rs 4.91 crore but less than Rs 4.92 crore Rs 4.92 crore but less than Rs 5 crore
1 year < 1 year 5 days 7.10% 7.10% 6.10% 7.10%
1 year 25 days < 13 months 7.20% 7.20% 6.20% 7.20%
13 months < 14 months 7.20% 7.15% 6.15% 7.15%
2 years < 30 months 7.30% 7.00% 6.15% 7.00%
5 years to 10 years 7.00% 7.00% 6.50% 7.00%
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X