Axis Bank Modifies Interest Rates On Domestic & NRI Fixed Deposits

Axis Bank, the third-largest private sector bank of India has revised its interest rates on Domestic Fixed Deposits, Domestic Fixed Deposits Plus, NRI Fixed Deposits/FCNR Deposit, and NRI Fixed Deposits Plus. The new rates for domestic deposits are in effect on November 10, 2021, the new rates for domestic fixed deposits plus, NRI fixed deposit plus are in action on November 26, 2021, and the new rates for NRE Fixed Deposits are in force on November 1, 2021.

Axis Bank Domestic Fixed Deposit Rates

On deposits of less than Rs 2. Cr maturing in 7 days to less than 10 years, Axis Bank is currently offering the following interest rates with effect from 10th November 2021 to both regular and senior citizens.

Tenure	Rates for Public In % (p.a.)	Rates for Senior Citizens In % (p.a.)
7 days to 14 days	2.5	2.5
15 days to 29 days	2.5	2.5
30 days to 45 days	3	3
46 days to 60 days	3	3
61 days < 3 months	3	3
3 months < 4 months	3.5	3.5
4 months < 5 months	3.5	3.5
5 months < 6 months	3.5	3.5
6 months < 7 months	4.4	4.65
7 months < 8 months	4.4	4.65
8 months < 9 months	4.4	4.65
9 months < 10 months	4.4	4.65
10 months < 11 months	4.4	4.65
11 months < 11 months 25 days	4.4	4.65
11 months 25 days < 1 year	4.4	4.65
1 year < 1 year 5 days	5.1	5.75
1 year 5 days < 1 year 11days	5.15	5.8
1 year 11days < 1 year 25days	5.2	5.85
1 year 25 days < 13 months	5.2	5.85
13 months < 14 months	5.1	5.75
14 months < 15 months	5.1	5.75
15 months < 16 months	5.1	5.75
16 months < 17 months	5.1	5.75
17 months < 18 months	5.1	5.75
18 months < 2 years	5.25	5.9
2 years < 30 months	5.4	6.05
30 months < 3 years	5.4	6.05
3 years < 5 years	5.4	6.05
5 years to 10 years	5.75	6.5
Source: Bank Website

Axis Bank Domestic Fixed Deposits Plus Interest Rates

Axis Bank has also revised its interest rates on domestic fixed deposits plus accounts and the new rates are in force from 26th November 2021. However, customers should note that this is a special kind of deposit and the bank does not allow premature withdrawal on these deposits.

Period	RS. 5 Cr < RS.10 Cr	RS. 10 Cr < RS. 25 Cr	RS. 25 Cr < RS. 50 Cr	RS. 50 Cr < RS. 100 Cr	Rs.100 Cr and above
7 days to 14 days	2.5	2.5	2.5	2.5	2.5
15 days to 29 days	2.5	2.5	2.5	2.5	2.5
30 days to 45 days	3	3	3	3	3
46 days to 60 days	3	3	3	3	3
61 days < 3 months	3.25	3.25	3.25	3.25	3.25
3 months < 4 months	3.65	3.65	3.65	3.65	3.65
4 months < 5 months	3.65	3.65	3.65	3.65	3.8
5 months < 6 months	3.65	3.65	3.65	3.65	3.8
6 months < 7 months	4	4	4	4	4.15
7 months < 8 months	4	4	4	4	4.15
8 months < 9 months	4	4	4	4	4.15
9 months < 10 months	4.15	4.15	4.15	4.15	4.25
10 months < 11 months	4.15	4.15	4.15	4.15	4.25
11 months < 11 months 25 days	4.15	4.15	4.15	4.15	4.25
11 months 25 days < 1 year	4.15	4.15	4.15	4.15	4.25
1 year < 1 year 5 days	4.5	4.5	4.5	4.5	4.6
1 year 5 days < 1 year 11 days	4.5	4.5	4.5	4.5	4.6
1 year 11 days < 1 year 25 days	4.5	4.5	4.5	4.5	4.6
1 year 25 days < 13 months	4.5	4.5	4.5	4.5	4.6
13 months < 14 months	4.5	4.5	4.5	4.5	4.6
14 months < 15 months	4.5	4.5	4.5	4.5	4.6
15 months < 16 months	4.5	4.5	4.5	4.5	4.6
16 months < 17 months	4.5	4.5	4.5	4.5	4.6
17 months < 18 months	4.5	4.5	4.5	4.5	4.6
18 Months < 2 years	4.5	4.5	4.5	4.5	4.6
2 years < 30 months	4.7	4.7	4.7	4.7	4.7
30 months < 3 years	4.7	4.7	4.7	4.7	4.7
3 years < 5 years	4.7	4.7	4.7	4.7	4.7
5 years to 10 years	4.7	4.7	4.7	4.7	4.7
Source: Bank Website

Axis Bank NRE Fixed Deposits

On Non-Resident External (NRE) deposits of less than Rs 2 Cr maturing in 1 year to less than 10 years, Axis Bank is promising the following interest rates w.e.f 01.11.2021.

Period	Interest rates in % 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	5.2
1 year 25 days < 13 months	5.2
13 months < 14 months	5.1
14 months < 15 months	5.1
15 months < 16 months	5.1
16 months < 17 months	5.1
17 months < 18 months	5.1
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

Axis Bank NRO Deposits

On Non-Resident Ordinary (NRO) deposits of less than Rs. 2 Cr maturing in 7 days to less than 10 years, Axis Bank is offering the below-listed rates w.e.f. 10.11.2021.

Period	Interest rates in % 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	5.2
1 year 25 days < 13 months	5.2
13 months < 14 months	5.1
14 months < 15 months	5.1
15 months < 16 months	5.1
16 months < 17 months	5.1
17 months < 18 months	5.1
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

Axis Bank NRI Fixed Deposit Plus Interest Rates

On NRI Fixed Deposit Plus accounts where premature withdrawal is not allowed, Axis Bank is currently providing the following rate of interest w.e.f. 26.11.2021.

Period	RS. 5 Cr < RS.10 Cr	RS. 10 Cr < RS. 25 Cr	RS. 25 Cr < RS. 50 Cr	RS. 50 Cr < RS. 100 Cr	Rs.100 Cr and above
1 year < 1 year 5 days	4.5	4.5	4.5	4.5	4.6
1 year 5 days < 1 year 11 days	4.5	4.5	4.5	4.5	4.6
1 year 11 days < 1 year 25 days	4.5	4.5	4.5	4.5	4.6
1 year 25 days < 13 months	4.5	4.5	4.5	4.5	4.6
13 months < 14 months	4.5	4.5	4.5	4.5	4.6
14 months < 15 months	4.5	4.5	4.5	4.5	4.6
15 months < 16 months	4.5	4.5	4.5	4.5	4.6
16 months < 17 months	4.5	4.5	4.5	4.5	4.6
17 months < 18 months	4.5	4.5	4.5	4.5	4.6
18 Months < 2 years	4.5	4.5	4.5	4.5	4.6
2 years < 30 months	4.7	4.7	4.7	4.7	4.7
30 months < 3 years	4.7	4.7	4.7	4.7	4.7
3 years < 5 years	4.7	4.7	4.7	4.7	4.7
5 years to 10 years	4.7	4.7	4.7	4.7	4.7
Source: Bank Website