Axis Bank, Kotak Mahindra Revise FD Interest Rates This Week

By Staff

Published: Thursday, November 7, 2019, 17:08 [IST]

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:

Tenure	Regular interest rate	Senior citizen interest rate
7 - 14 Days	3.50%	4.00%
15 - 30 Days	4.00%	4.50%
31 - 45 Days	4.75%	5.25%
46 - 90 Days	5.25%	5.75%
91 - 179 Days	5.40%	5.90%
180 Days	5.80%	6.30%
181 Days to 269 Days	5.90%	6.40%
270 Days	6.00%	6.50%
271 Days to 363 Days	6.25%	6.75%
364 Days to 389 Days	6.40%	6.90%
390 Days (12 months 25 days)	6.50%	7.00%
391 Days - Less than 2 years	6.45%	6.95%
2 years- less than 3 years	6.40%	6.90%
3 years and above upto and inclusive of 10 years	6.25%	6.75%

Axis Bank

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

Tenure	Regular interest rates (%)	Senior citizen interest rates (%)
7 days to 14 days	3.50	3.50
15 days to 29 days	4.25	4.25
30 days to 45 days	5.00	5.00
46 days to less than 6 months	5.50	5.50
6 months to less than 9 months	6.00	6.25
9 months to less than 11 months 25 days	6.25	6.50
11 months 25 days to less than 1 year	6.55	6.80
1 year to less than 1 year 25 days	6.45	7.10
1 year 25 days to less than 13 months	6.55	7.20
13 months to less than 18 months	6.45	7.10
18 months to less than 2 years	6.80	7.45
2 years to less than 30 months	6.85	7.50
30 months to less than 3 years	6.85	7.35
3 years to 10 years	6.75	7.25