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Axis Bank Makes Interest Rate Revision On Non-callable Deposits (W.e.f. 28/03/2022)
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 Non-Withdrawable Fixed Deposit Interest Rates
Tenors | Rs 2 Cr to 5 Cr | Rs 5 Cr to 10 Cr | Rs 10 Cr to 25 Cr | Rs 25 Cr to 50 Cr | Rs 50 Cr to 100 Cr | Rs 100 Cr and above |
---|---|---|---|---|---|---|
7 days to 14 days | 3.05 | 3.05 | 3.05 | 3.05 | 3.05 | 3.05 |
15 days to 29 days | 3.05 | 3.05 | 3.05 | 3.05 | 3.05 | 3.05 |
30 days to 45 days | 3.2 | 3.2 | 3.2 | 3.2 | 3.2 | 3.2 |
46 days to 60 days | 3.2 | 3.2 | 3.2 | 3.2 | 3.2 | 3.2 |
61 days to less than 3 months | 3.35 | 3.35 | 3.35 | 3.35 | 3.75 | 3.75 |
3 months to less than 4 months | 4 | 4.2 | 4.2 | 4.2 | 4.2 | 4.6 |
4 months to less than 5 months | 4 | 4.2 | 4.2 | 4.2 | 4.2 | 4.6 |
5 months to less than 6 months | 4 | 4.2 | 4.2 | 4.2 | 4.2 | 4.6 |
6 months to less than 7 months | 4.25 | 4.45 | 4.45 | 4.45 | 4.45 | 4.65 |
7 months to less than 8 months | 4.25 | 4.45 | 4.45 | 4.45 | 4.45 | 4.65 |
8 months to less than 9 months | 4.25 | 4.45 | 4.45 | 4.45 | 4.45 | 4.65 |
9 months to less than 10 months | 4.3 | 4.5 | 4.5 | 4.5 | 4.5 | 4.7 |
10 months to less than 11 months | 4.3 | 4.5 | 4.5 | 4.5 | 4.5 | 4.7 |
11 months to less than 11 months 25 days | 4.3 | 4.5 | 4.5 | 4.5 | 4.5 | 4.7 |
11 months 25 days to less than 1 year | 4.3 | 4.5 | 4.5 | 4.5 | 4.5 | 4.7 |
1 year to less than 1 year 5 days | 4.45 | 4.8 | 4.8 | 4.8 | 4.8 | 5.15 |
1 year 5 days to less than 1 year 11 days | 4.45 | 4.8 | 4.8 | 4.8 | 4.8 | 5.15 |
1 year 11 days to less than 1 year 25 days | 4.45 | 4.8 | 4.8 | 4.8 | 4.8 | 5.15 |
1 year 25 days to less than 13 months | 4.45 | 4.8 | 4.8 | 4.8 | 4.8 | 5.15 |
13 months to less than 14 months | 4.45 | 4.8 | 4.8 | 4.8 | 4.8 | 5.15 |
14 months to less than 15 months | 4.45 | 4.8 | 4.8 | 4.8 | 4.8 | 5.25 |
15 months to less than 16 months | 4.45 | 4.8 | 4.8 | 4.8 | 4.8 | 5 |
16 months to less than 17 months | 4.45 | 4.8 | 4.8 | 4.8 | 4.8 | 5 |
17 months to less than 18 months | 4.45 | 4.8 | 4.8 | 4.8 | 4.8 | 5 |
18 Months to less than 2 years | 4.45 | 4.8 | 4.8 | 4.8 | 4.8 | 5 |
2 years to less than 30 months | 4.55 | 4.8 | 4.8 | 4.8 | 4.8 | 4.8 |
30 months to less than 3 years | 4.55 | 4.8 | 4.8 | 4.8 | 4.8 | 4.8 |
3 years to less than 5 years | 4.65 | 4.9 | 4.9 | 4.9 | 4.9 | 4.9 |
5 years to 10 years | 4.65 | 4.9 | 4.9 | 4.9 | 4.9 | 4.9 |
Source: Bank Website |
Story first published: Monday, March 28, 2022, 16:32 [IST]