Axis Bank Hikes Interest Rates On FD With Effect From 11 February 2023, Check Rates Here

Axis Bank, a leading private sector bank, has hiked the Interest Rates on Fixed Deposits of Rs 2 Crore. According to the Bank's official website, the revised interest rate will be applicable from 11 February 2023. The bank hiked the interest rates following the 6th Repo rate hike of 25 bps to 6.50 per cent by the RBI on Wednesday, February 8, 2023.

Axis Bank FD Rates

The bank after the hike now offers a minimum 3.50 percent and a maximum 7.26 percent for a maturity period ranging from 7 days to 10 years for the General Public. While, for Senior Citizens, on the maturity period ranging from 7 days to 10 years, the bank is now offering minimum 3.50 percent and maximum 8.01%.

The bank is offering 3.50 percent for a maturity period ranging from 7 days to 45 days for both General Public and Senior Citizens. For 46 days to 60 days, the bank is offering 4 percent and for the maturity period ranging from 61 days to 3 months is offering 4.50 percent to both General Public and Senior Citizens. For a maturity period ranging from 3 months to 6 months, the bank is offering 4.75 percent to both General Public and senior citizens.

The general public will get 5.75 percent and senior citizens will get 6 percent on maturity period ranging from 6 months to 9 months, respectively. The bank will now offer an interest of 6.75 percent to the general public and 6.25 percent to senior citizens for a maturity period ranging from 9 months to 1 year, respectively. For the maturity period ranging from 1 year to 1 year 24 days, the bank will offer an interest of 6.75 percent to the General public and 7.50 percent to senior citizens.

For the maturity period ranging from 1 year 25 days to 13 months, the bank will offer interest of 7.10 percent to the general public and 7.85 percent to Senior Citizens. For the maturity period ranging from 13 months to 2 years, the bank will offer an interest of 6.75 percent to the General public and 7.50 percent to senior citizens.

For the maturity period ranging from 2 years to 30 months, the bank will now offer an interest of 7.26 percent to the general public and 8.01 percent to Senior Citizens. For the deposit period ranging from 30 months to 10 years, the bank will now offer 7 percent to General Public and 7.75 percent to senior citizens. These interest rates are applicable only on deposits less than Rs 2 Cr.

Interest Rates On Domestic Deposits Below Rs 2 Crore

PERIOD	General Public Interest (In %)	Senior Citizens Interest (In %)
7 days to 14 days	3.5	3.5
15 days to 29 days	3.5	3.5
30 days to 45 days	3.5	3.5
46 days to 60 days	4	4
61 days	4.5	4.5
3 months	4.75	4.75
4 months	4.75	4.75
5 months	4.75	4.75
6 months	5.75	6
7 months	5.75	6
8 months	5.75	6
9 months	6	6.25
10 months	6	6.25
11 months to 11 months 24 days	6	6.25
11 months 25 days	6	6.25
1 year to 1 year 4 days	6.75	7.5
1 year 5 days to 1 year 10 days	6.75	7.5
1 year 11 days to 1 year 24 days	6.75	7.5
1 year 25 days	7.1	7.85
13 months	6.75	7.5
14 months	6.75	7.5
15 months	6.75	7.5
16 months	6.75	7.5
17 months	6.75	7.5
18 Months	6.75	7.5
2 years	7.26	8.01
30 months	7	7.75
3 years	7	7.75
5 years to 10 years	7	7.75

Source : axisbank.com

Note - For terms & conditions and any other details, please contact your nearest Axis Bank Branch.