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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:

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

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