For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

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

|

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 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.

TENORINTEREST RATES (% P.A.)
7 days to 14 days2.5
15 days to 29 days2.5
30 days to 45 days3
46 days to 60 days3
61 days < 3 months3
3 months < 4 months3.5
4 months < 5 months3.5
5 months < 6 months3.5
6 months < 7 months4.4
7 months < 8 months4.4
8 months < 9 months4.4
9 months < 10 months4.4
10 months < 11 months4.4
11 months < 11 months 25 days4.4
11 months 25 days < 1 year4.4
1 year < 1 year 5 days5.1
1 year 5 days < 1 year 11days5.15
1 year 11days < 1 year 25days5.25
1 year 25 days < 13 months5.15
13 months < 14 months5.15
14 months < 15 months5.15
15 months < 16 months5.2
16 months < 17 months5.2
17 months < 18 months5.2
18 months < 2 years5.25
2 years < 30 months5.4
30 months < 3 years5.4
3 years < 5 years5.4
5 years to 10 years5.75
Source: Bank Website. W.e.f. 20.01.2022 
Axis Bank Fixed Deposit Interest Rates For Senior Citizens

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.

TENORINTEREST RATES (% P.A.)
7 days to 14 days2.5
15 days to 29 days2.5
30 days to 45 days3
46 days to 60 days3
61 days < 3 months3
3 months < 4 months3.5
4 months < 5 months3.5
5 months < 6 months3.5
6 months < 7 months4.65
7 months < 8 months4.65
8 months < 9 months4.65
9 months < 10 months4.65
10 months < 11 months4.65
11 months < 11 months 25 days4.65
11 months 25 days < 1 year4.65
1 year < 1 year 5 days5.75
1 year 5 days < 1 year 11 days5.8
1 year 11 days < 1 year 25 days5.9
1 year 25 days < 13 months5.8
13 months < 14 months5.8
14 months < 15 months5.8
15 months < 16 months5.85
16 months < 17 months5.85
17 months < 18 months5.85
18 Months < 2 years5.9
2 years < 30 months6.05
30 months < 3 years6.05
3 years < 5 years6.05
5 years to 10 years6.5
Source: Bank Website. W.e.f. 20.01.2022 
Axis Bank Non-Resident External (NRE) Deposits of Less Than Rs. 2 Cr

Axis Bank 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.

TENORINTEREST RATES (% P.A.)
1 year < 1 year 5 days5.1
1 year 5 days < 1 year 11 days5.15
1 year 11 days < 1 year 25 days5.25
1 year 25 days < 13 months5.15
13 months < 14 months5.15
14 months < 15 months5.15
15 months < 16 months5.2
16 months < 17 months5.2
17 months < 18 months5.2
18 Months < 2 years5.25
2 years < 30 months5.4
30 months < 3 years5.4
3 years < 5 years5.4
5 years to 10 years5.75
Source: Bank Website. W.e.f. 20.01.2022 
Axis Bank Interest Rates On NRO Deposits of Less Than Rs. 2 Cr

Axis Bank 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.

TENORINTEREST RATES (% P.A.)
7 days to 14 days2.5
15 days to 29 days2.5
30 days to 45 days3
46 days to 60 days3
61 days < 3 months3
3 months < 4 months3.5
4 months < 5 months3.5
5 months < 6 months3.5
6 months < 7 months4.4
7 months < 8 months4.4
8 months < 9 months4.4
9 months < 10 months4.4
10 months < 11 months4.4
11 months < 11 months 25 days4.4
11 months 25 days < 1 year4.4
1 year < 1 year 5 days5.1
1 year 5 days < 1 year 11 days5.15
1 year 11 days < 1 year 25 days5.25
1 year 25 days < 13 months5.15
13 months < 14 months5.15
14 months < 15 months5.15
15 months < 16 months5.2
16 months < 17 months5.2
17 months < 18 months5.2
18 Months < 2 years5.25
2 years < 30 months5.4
30 months < 3 years5.4
3 years < 5 years5.4
5 years to 10 years5.75
Source: Bank Website. W.e.f. 20.01.2022 

Story first published: Thursday, January 20, 2022, 9:37 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X