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Axis Bank Modifies Interest Rates On Domestic & NRI Fixed Deposits

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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

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.

TenureRates for Public In % (p.a.)Rates for Senior Citizens In % (p.a.)
7 days to 14 days2.52.5
15 days to 29 days2.52.5
30 days to 45 days33
46 days to 60 days33
61 days < 3 months33
3 months < 4 months3.53.5
4 months < 5 months3.53.5
5 months < 6 months3.53.5
6 months < 7 months4.44.65
7 months < 8 months4.44.65
8 months < 9 months4.44.65
9 months < 10 months4.44.65
10 months < 11 months4.44.65
11 months < 11 months 25 days4.44.65
11 months 25 days < 1 year4.44.65
1 year < 1 year 5 days5.15.75
1 year 5 days < 1 year 11days5.155.8
1 year 11days < 1 year 25days5.25.85
1 year 25 days < 13 months5.25.85
13 months < 14 months5.15.75
14 months < 15 months5.15.75
15 months < 16 months5.15.75
16 months < 17 months5.15.75
17 months < 18 months5.15.75
18 months < 2 years5.255.9
2 years < 30 months5.46.05
30 months < 3 years5.46.05
3 years < 5 years5.46.05
5 years to 10 years5.756.5
Source: Bank Website

Axis Bank Domestic Fixed Deposits Plus Interest Rates
 

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.

PeriodRS. 5 Cr < RS.10 CrRS. 10 Cr < RS. 25 CrRS. 25 Cr < RS. 50 CrRS. 50 Cr < RS. 100 CrRs.100 Cr and above
7 days to 14 days2.52.52.52.52.5
15 days to 29 days2.52.52.52.52.5
30 days to 45 days33333
46 days to 60 days33333
61 days < 3 months3.253.253.253.253.25
3 months < 4 months3.653.653.653.653.65
4 months < 5 months3.653.653.653.653.8
5 months < 6 months3.653.653.653.653.8
6 months < 7 months44444.15
7 months < 8 months44444.15
8 months < 9 months44444.15
9 months < 10 months4.154.154.154.154.25
10 months < 11 months4.154.154.154.154.25
11 months < 11 months 25 days4.154.154.154.154.25
11 months 25 days < 1 year4.154.154.154.154.25
1 year < 1 year 5 days4.54.54.54.54.6
1 year 5 days < 1 year 11 days4.54.54.54.54.6
1 year 11 days < 1 year 25 days4.54.54.54.54.6
1 year 25 days < 13 months4.54.54.54.54.6
13 months < 14 months4.54.54.54.54.6
14 months < 15 months4.54.54.54.54.6
15 months < 16 months4.54.54.54.54.6
16 months < 17 months4.54.54.54.54.6
17 months < 18 months4.54.54.54.54.6
18 Months < 2 years4.54.54.54.54.6
2 years < 30 months4.74.74.74.74.7
30 months < 3 years4.74.74.74.74.7
3 years < 5 years4.74.74.74.74.7
5 years to 10 years4.74.74.74.74.7
Source: Bank Website

Axis Bank NRE Fixed Deposits

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.

PeriodInterest rates in % 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 days5.2
1 year 25 days < 13 months5.2
13 months < 14 months5.1
14 months < 15 months5.1
15 months < 16 months5.1
16 months < 17 months5.1
17 months < 18 months5.1
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

Axis Bank NRO Deposits

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.

PeriodInterest rates in % 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 days5.2
1 year 25 days < 13 months5.2
13 months < 14 months5.1
14 months < 15 months5.1
15 months < 16 months5.1
16 months < 17 months5.1
17 months < 18 months5.1
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

Axis Bank NRI Fixed Deposit Plus Interest Rates

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.

PeriodRS. 5 Cr < RS.10 CrRS. 10 Cr < RS. 25 CrRS. 25 Cr < RS. 50 CrRS. 50 Cr < RS. 100 CrRs.100 Cr and above
1 year < 1 year 5 days4.54.54.54.54.6
1 year 5 days < 1 year 11 days4.54.54.54.54.6
1 year 11 days < 1 year 25 days4.54.54.54.54.6
1 year 25 days < 13 months4.54.54.54.54.6
13 months < 14 months4.54.54.54.54.6
14 months < 15 months4.54.54.54.54.6
15 months < 16 months4.54.54.54.54.6
16 months < 17 months4.54.54.54.54.6
17 months < 18 months4.54.54.54.54.6
18 Months < 2 years4.54.54.54.54.6
2 years < 30 months4.74.74.74.74.7
30 months < 3 years4.74.74.74.74.7
3 years < 5 years4.74.74.74.74.7
5 years to 10 years4.74.74.74.74.7
Source: Bank Website

Story first published: Saturday, November 27, 2021, 11:12 [IST]
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