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Axis Bank, Kotak Mahindra Revise FD Interest Rates This Week

By Staff
|

Banks have been making frequent revisions in their interest rates offered on fixed deposits (FD).

 

This week, private lenders, Axis Bank (with effect from 5 November) and Kotak Mahindra Bank (with effect from 7 November) revised interest rates on their term deposits.

Both the banks provide deposit facilities on tenures ranging from 7 days to 10 years.

Axis Bank, Kotak Mahindra Revise FD Interest Rates This Week

Kotak Mahindra Bank

Interest rates on FDs less than Rs 2 crore with effect from 7 November 2019:

TenureRegular interest rateSenior citizen interest rate
7 - 14 Days3.50%4.00%
15 - 30 Days4.00%4.50%
31 - 45 Days4.75%5.25%
46 - 90 Days5.25%5.75%
91 - 179 Days5.40%5.90%
180 Days5.80%6.30%
181 Days to 269 Days5.90%6.40%
270 Days6.00%6.50%
271 Days to 363 Days6.25%6.75%
364 Days to 389 Days6.40%6.90%
390 Days (12 months 25 days)6.50%7.00%
391 Days - Less than 2 years6.45%6.95%
2 years- less than 3 years6.40%6.90%
3 years and above upto and inclusive of 10 years6.25%6.75%

Axis Bank

Interest rates on FDs less than Rs 5 crore with effect from 5 November 2019

TenureRegular interest rates (%)Senior citizen interest rates (%)
7 days to 14 days3.503.50
15 days to 29 days4.254.25
30 days to 45 days5.005.00
46 days to less than 6 months5.505.50
6 months to less than 9 months6.006.25
9 months to less than 11 months 25 days6.256.50
11 months 25 days to less than 1 year6.556.80
1 year to less than 1 year 25 days6.457.10
1 year 25 days to less than 13 months6.557.20
13 months to less than 18 months6.457.10
18 months to less than 2 years6.807.45
2 years to less than 30 months6.857.50
30 months to less than 3 years6.857.35
3 years to 10 years6.757.25

Story first published: Thursday, November 7, 2019, 17:08 [IST]
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