Axis Bank Revises FD Rates Effective From Today: Now Get Up To 7.75% Returns

The interest rates on fixed deposits (FDs) under Rs 2 Cr have been modified by private sector lender Axis Bank. The bank is now giving maximum standard rates of 7.10% for a duration of 15 months to 5 years and 7.75% for senior citizens for a tenure of 5 years to 10 years. As a result of the amendment, Axis Bank FDs with maturities ranging from 7 days to 10 years now provide interest rates to the general public that range from 3% to 7%, and senior citizens that range from 3.5% to 7.75%. According to the bank's official website, the new FD rates are in effect as of September 18, 2023.

Axis Bank FD Rates

The bank currently offers an interest rate of 3% on fixed deposits (FDs) that mature within the next 7 to 29 days, and 3.50% on those maturing in the next 30 to 45 days, according to Axis Bank. Axis Bank is now giving interest rates of 4.25% on deposits with a term of 46 days to 60 days and 4.50% on fixed-term deposits with a term of 61 days to three months. Deposits that mature within the next three to six months will now earn a rate of 4.75%, and those maturing in the next six to nine months will now earn a rate of 5.75%. On fixed deposits (FDs) maturing in 9 months to 1 year, the bank will pay an interest rate of 6% and on those maturing in 1 year to 15 months, Axis Bank will now pay an interest rate of 6.70%. Axis Bank will now pay an interest rate of 7.10% on FDs maturing in 15 months to 5 years and a return of 7.00% on FDs maturing in 5 years to 10 years.

1. 7 days to 14 days: 3.00
2. 15 days to 29 days: 3.00
3. 30 days to 45 days: 3.50
4. 46 days to 60 days: 4.25
5. 61 days to 3 months: 4.50
6. 3 months to 4 months: 4.75
7. 4 months to 5 months: 4.75
8. 5 months to 6 months: 4.75
9. 6 months to 7 months: 5.75
10. 7 months to 8 months: 5.75
11. 8 months to 9 months: 5.75
12. 9 months to 10 months: 6.00
13 10 months to 11 months: 6.00
14. 11 months to 11 months 24 days: 6.00
15. 11 months 25 days to 1 year: 6.00
16. 1 year to 1 year 4 days: 6.70
17. 1 year 5 days to 1 year 10 days: 6.70
18. 1 year 11 days to 1 year 24 days: 6.70
19. 1 year 25 days to 13 months: 6.70
20. 13 months to 14 months: 6.70
21. 14 months to 15 months: 6.70
22. 15 months to 16 months: 7.10
23. 16 months to 17 months: 7.10
24. 17 months to 18 months: 7.10
25. 18 Months to 2 years: 7.10
26. 2 years to 30 months: 7.10
27. 30 months to 3 years: 7.10
28. 3 years to 5 years: 7.10
29. 5 years to 10 years: 7.00

Axis Bank FD Rates For Senior Citizens

Senior citizens will get an additional interest rate benefit of 50 bps on tenors of 7 days to 5 years and 75 bps higher than the standard rates on tenure of 5 years to 10 years.

1. 7 days to 14 days: 3.50
2. 15 days to 29 days: 3.50
3. 30 days to 45 days: 4.00
4. 46 days to 60 days: 4.75
5. 61 days to 3 months: 5.00
6. 3 months to 4 months: 5.25
7. 4 months to 5 months: 5.25
8. 5 months to 6 months: 5.25
9. 6 months to 7 months: 6.25
10. 7 months to 8 months: 6.25
11. 8 months to 9 months: 6.25
12. 9 months to 10 months: 6.50
13 10 months to 11 months: 6.50
14. 11 months to 11 months 24 days: 6.50
15. 11 months 25 days to 1 year: 6.50
16. 1 year to 1 year 4 days: 7.20
17. 1 year 5 days to 1 year 10 days: 7.20
18. 1 year 11 days to 1 year 24 days: 7.20
19. 1 year 25 days to 13 months: 7.20
20. 13 months to 14 months: 7.20
21. 14 months to 15 months: 7.20
22. 15 months to 16 months: 7.60
23. 16 months to 17 months: 7.60
24. 17 months to 18 months: 7.60
25. 18 Months to 2 years: 7.60
26. 2 years to 30 months: 7.60
27. 30 months to 3 years: 7.60
28. 3 years to 5 years: 7.60
29. 5 years to 10 years: 7.75

Source: Bank Website