Axis Bank Alters Interest Rates On Fixed Deposits of Less Than Rs. 2 Cr

Published: Thursday, January 20, 2022, 9:37 [IST]

Axis Bank, a major private sector lender, has changed its interest rates on fixed deposits of less than Rs. 2 Cr. The new rates are effective as of today, January 20, 2022, according to the bank's official website. Following the exclusive modification, the general public will now get an interest rate of 2.50 percent to 5.75 percent on domestic term deposits maturing in 7 days to 10 years, while senior citizens will now receive an interest rate of 2.50 percent to 6.50 percent.

Axis Bank Fixed Deposit Interest Rates For Regular Customers

Axis Bank is now offering an interest rate of 2.50 percent to 3.00 percent on domestic term deposits of less than Rs. 2 Cr maturing in 7 days to 29 days and 30 days to less than 3 months, effective January 20, 2022. On deposits maturing in 3 months to less than 6 months and 6 months to less than 1 year, the general public will now receive an interest rate of 3.50 percent to 4.40 percent.

The bank is currently giving the general public interest rates of 5.10 percent, 5.15 percent, and 5.25 percent on term deposits maturing in one year, one year five days, one year five days, one year eleven days, and one year eleven days and one year twenty-five days.

Axis Bank is now offering an interest rate of 5.15% and 5.20% to non-senior citizens on their deposits maturing in 1 year 25 days to < 15 months and 15 months to less than 18 months. Deposits maturing in 18 months to 2 years and 2 years to less than 5 years will now generate 5.25 percent and 5.40 percent interest, respectively. On deposits maturing in 5 to 10 years, the general public will now get a 5.75 percent interest rate.

TENOR	INTEREST RATES (% P.A.)
7 days to 14 days	2.5
15 days to 29 days	2.5
30 days to 45 days	3
46 days to 60 days	3
61 days < 3 months	3
3 months < 4 months	3.5
4 months < 5 months	3.5
5 months < 6 months	3.5
6 months < 7 months	4.4
7 months < 8 months	4.4
8 months < 9 months	4.4
9 months < 10 months	4.4
10 months < 11 months	4.4
11 months < 11 months 25 days	4.4
11 months 25 days < 1 year	4.4
1 year < 1 year 5 days	5.1
1 year 5 days < 1 year 11days	5.15
1 year 11days < 1 year 25days	5.25
1 year 25 days < 13 months	5.15
13 months < 14 months	5.15
14 months < 15 months	5.15
15 months < 16 months	5.2
16 months < 17 months	5.2
17 months < 18 months	5.2
18 months < 2 years	5.25
2 years < 30 months	5.4
30 months < 3 years	5.4
3 years < 5 years	5.4
5 years to 10 years	5.75
Source: Bank Website. W.e.f. 20.01.2022

Axis Bank Fixed Deposit Interest Rates For Senior Citizens

Senior Citizens will continue to get an additional rate of 0.50% on their deposits maturing in 6 months to 10 years. Senior citizens will receive the following interest rates on fixed deposits of less than Rs. 2 Cr from January 20, 2022.

TENOR	INTEREST RATES (% P.A.)
7 days to 14 days	2.5
15 days to 29 days	2.5
30 days to 45 days	3
46 days to 60 days	3
61 days < 3 months	3
3 months < 4 months	3.5
4 months < 5 months	3.5
5 months < 6 months	3.5
6 months < 7 months	4.65
7 months < 8 months	4.65
8 months < 9 months	4.65
9 months < 10 months	4.65
10 months < 11 months	4.65
11 months < 11 months 25 days	4.65
11 months 25 days < 1 year	4.65
1 year < 1 year 5 days	5.75
1 year 5 days < 1 year 11 days	5.8
1 year 11 days < 1 year 25 days	5.9
1 year 25 days < 13 months	5.8
13 months < 14 months	5.8
14 months < 15 months	5.8
15 months < 16 months	5.85
16 months < 17 months	5.85
17 months < 18 months	5.85
18 Months < 2 years	5.9
2 years < 30 months	6.05
30 months < 3 years	6.05
3 years < 5 years	6.05
5 years to 10 years	6.5
Source: Bank Website. W.e.f. 20.01.2022

Axis Bank Non-Resident External (NRE) Deposits of Less Than Rs. 2 Cr

Axis Bank has also modified its interest rates on Non-Resident External (NRE) Deposits of Less Than Rs. 2 Cr, effective January 20, 2022.

TENOR	INTEREST RATES (% P.A.)
1 year < 1 year 5 days	5.1
1 year 5 days < 1 year 11 days	5.15
1 year 11 days < 1 year 25 days	5.25
1 year 25 days < 13 months	5.15
13 months < 14 months	5.15
14 months < 15 months	5.15
15 months < 16 months	5.2
16 months < 17 months	5.2
17 months < 18 months	5.2
18 Months < 2 years	5.25
2 years < 30 months	5.4
30 months < 3 years	5.4
3 years < 5 years	5.4
5 years to 10 years	5.75
Source: Bank Website. W.e.f. 20.01.2022

Axis Bank Interest Rates On NRO Deposits of Less Than Rs. 2 Cr

Axis Bank is currently giving the following interest rate on Non-Resident Ordinary (NRO) deposits of less than Rs. 2 Cr, effective January 20, 2022.

TENOR	INTEREST RATES (% P.A.)
7 days to 14 days	2.5
15 days to 29 days	2.5
30 days to 45 days	3
46 days to 60 days	3
61 days < 3 months	3
3 months < 4 months	3.5
4 months < 5 months	3.5
5 months < 6 months	3.5
6 months < 7 months	4.4
7 months < 8 months	4.4
8 months < 9 months	4.4
9 months < 10 months	4.4
10 months < 11 months	4.4
11 months < 11 months 25 days	4.4
11 months 25 days < 1 year	4.4
1 year < 1 year 5 days	5.1
1 year 5 days < 1 year 11 days	5.15
1 year 11 days < 1 year 25 days	5.25
1 year 25 days < 13 months	5.15
13 months < 14 months	5.15
14 months < 15 months	5.15
15 months < 16 months	5.2
16 months < 17 months	5.2
17 months < 18 months	5.2
18 Months < 2 years	5.25
2 years < 30 months	5.4
30 months < 3 years	5.4
3 years < 5 years	5.4
5 years to 10 years	5.75
Source: Bank Website. W.e.f. 20.01.2022