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Axis Bank Makes Interest Rate Revision On Non-callable Deposits (W.e.f. 28/03/2022)

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Axis Bank, a private sector lender, has adjusted interest rates on non-redeemable fixed deposits of Rs 2 crore and above. The bank made the announcement today, March 28, 2022. Non-callable deposits are known as "Fixed Deposit Plus" by Axis Bank come with a minimum deposit of Rs 2 Cr and a maturity period of 7 days to 10 years. Following the revision, the bank is now giving the below interest rates on non-withdrawable fixed deposits worth more than Rs 2 crore.

 
Axis Bank Revises Interest Rate On Non-callable Deposits (W.e.f. 28/03/2022)

Axis Bank Non-Withdrawable Fixed Deposit Interest Rates

TenorsRs 2 Cr to 5 CrRs 5 Cr to 10 CrRs 10 Cr to 25 CrRs 25 Cr to 50 CrRs 50 Cr to 100 CrRs 100 Cr and above
7 days to 14 days3.053.053.053.053.053.05
15 days to 29 days3.053.053.053.053.053.05
30 days to 45 days3.23.23.23.23.23.2
46 days to 60 days3.23.23.23.23.23.2
61 days to less than 3 months3.353.353.353.353.753.75
3 months to less than 4 months44.24.24.24.24.6
4 months to less than 5 months44.24.24.24.24.6
5 months to less than 6 months44.24.24.24.24.6
6 months to less than 7 months4.254.454.454.454.454.65
7 months to less than 8 months4.254.454.454.454.454.65
8 months to less than 9 months4.254.454.454.454.454.65
9 months to less than 10 months4.34.54.54.54.54.7
10 months to less than 11 months4.34.54.54.54.54.7
11 months to less than 11 months 25 days4.34.54.54.54.54.7
11 months 25 days to less than 1 year4.34.54.54.54.54.7
1 year to less than 1 year 5 days4.454.84.84.84.85.15
1 year 5 days to less than 1 year 11 days4.454.84.84.84.85.15
1 year 11 days to less than 1 year 25 days4.454.84.84.84.85.15
1 year 25 days to less than 13 months4.454.84.84.84.85.15
13 months to less than 14 months4.454.84.84.84.85.15
14 months to less than 15 months4.454.84.84.84.85.25
15 months to less than 16 months4.454.84.84.84.85
16 months to less than 17 months4.454.84.84.84.85
17 months to less than 18 months4.454.84.84.84.85
18 Months to less than 2 years4.454.84.84.84.85
2 years to less than 30 months4.554.84.84.84.84.8
30 months to less than 3 years4.554.84.84.84.84.8
3 years to less than 5 years4.654.94.94.94.94.9
5 years to 10 years4.654.94.94.94.94.9
Source: Bank Website

Read more about: axis bank
Story first published: Monday, March 28, 2022, 16:32 [IST]
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