Axis Bank Modifies Interest Rates On Fixed Deposits Effective From 7 September, Check New Rates Here

Axis Bank, a private sector lender, has modified interest rates for fixed deposits under Rs 2 crore. The new rates are effective from September 7, 2022.

After adjustments, the interest rates for fixed deposits with maturities ranging from seven days to ten years for the general category are between 2.5 per cent and 5.75 per cent, and for senior citizens, the interest rates are between 2.5 per cent and 6.5 per cent.

The bank is offering fixed deposits with maturities between seven and 29 days with an interest rate of 2.5 per cent. For maturities of 30 days to three months, it offers 3 per cent interest, whereas, for maturity periods of three months to 6 months, it offers 3.50 per cent interest for both regular deposits and senior citizens.

The bank offers 4.65 per cent for FD maturity periods of 6-7 and 8-9 months to regular customers and 4.90 per cent to senior citizens. It offers 4.40 per cent for a maturity period of 7.8 months to regular customers and 4.65 per cent to senior citizens.

For a maturity period of 9 months to 1 year, the bank offers 4.75 per cent to regular customers and 5 per cent to senior citizens. For 1 year to 1 year 11 days, the bank offers 5.45 per cent to regular customers and 6.20 per cent to senior citizens. It offers 5.75 per cent to regular customers and 6.50 per cent to senior citizens for the maturity period of 1 year 11 days to 1 year 25 days.

The bank offers 5.60 per cent to regular customers and 6.35 per cent to senior citizens to maturity period ranging from 1 year 25 days to 2 years. For a maturity period of 2 years to 5 years, the bank offers 5.70 per cent to regular customers and 6.45 per cent to senior citizens. It offers 5.75 per cent to regular customers and 6.50 per cent to senior citizens for a maturity period ranging between 5 years to 10 years.

FD rates on Domestic Deposits on less than 2 cr deposits w.e.f 7 September

PERIOD	Regular Customers (% p.a)	Senior Citizens (% 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	3
3 months	3.5	3.5
4 months	3.5	3.5
8. 5 months	3.5	3.5
6 months	4.65	4.9
7 months	4.4	4.65
8 months	4.65	4.9
9 months	4.75	5
10 months	4.75	5
11 months	4.75	5
11 months 25 days	4.75	5
1 year	5.45	6.2
1 year 5 days	5.45	6.2
1 year 11 days	5.75	6.5
1 year 25 days	5.6	6.35
13 months	5.6	6.35
14 months	5.6	6.35
15 months	5.6	6.35
16 months	5.6	6.35
17 months	5.6	6.35
18 Months	5.6	6.35
. 2 years	5.7	6.45
30 months	5.7	6.45
. 3 years	5.7	6.45
5 years to 10 years	5.75	6.5

Source- Axisbank.com