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Axis Bank, India's leading private bank has today revised the Interest Rates on Fixed Deposit Plus for both Domestic and NRI customers w/e.f 30 December 2021, according to the bank's official website. The bank 2 days back had revised the Fixed Deposit Interest Rates for Domestic and NRI Fixed Deposit. Here we have discussed the bank's updated Interest Rate on the Domestic and NRI Fixed Deposit Plus. Fixed Deposit Plus can be opened with a minimum sum of Rs. 5,00,00,000, the interest rate is provided in basic or compounding form. This is a high-value investment plan for good returns.
Fixed Deposit Plus
The Axis Bank Fixed Deposit Plus plan was designed to provide greater rates and more flexibility. Axis Bank's Fixed Deposit Plus is a good choice for lump sum investments. Prospective consumers will be able to select the sort of interest computation technique and deposit type, among other options. Fixed Deposit Plus doesn't allow premature withdrawal.
Axis Bank Interest Rate On Fixed Deposit Plus Of Rs 5 Cr and Above
With effect from 30/12/2021, the bank is giving the Interest on Fixed Deposit Plus plan to the Domestic deposits on the deposit of Rs 5 Cr and above.
| Period | Deposit Rs 5 Cr < Rs 10 Cr | Deposit Rs 10 Cr < Rs 25 Cr | Deposit Rs 25 Cr < Rs 50 Cr | Deposit Rs 50 Cr < Rs 100 Cr | Deposit Rs 100 Cr and Above |
|---|---|---|---|---|---|
| 7 days to 14 days | 2.50% | 2.50% | 2.50% | 3.05% | 3.05% |
| 15 days to 29 days | 2.50% | 2.50% | 2.50% | 3.05% | 3.05% |
| 30 days to 45 days | 3.00% | 3.00% | 3.00% | 3.10% | 3.10% |
| 46 days to 60 days | 3.00% | 3.00% | 3.00% | 3.10% | 3.10% |
| 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 | 3.75% | 3.75% | 3.75% | 3.85% | 3.85% |
| 5 months < 6 months | 3.75% | 3.75% | 3.75% | 4.20% | 4.20% |
| 6 months < 7 months | 4.10% | 4.10% | 4.10% | 4.25% | 4.25% |
| 7 months < 8 months | 4.10% | 4.10% | 4.10% | 4.25% | 4.25% |
| 8 months < 9 months | 4.10% | 4.10% | 4.10% | 4.25% | 4.25% |
| 9 months < 10 months | 4.25% | 4.25% | 4.25% | 4.30% | 4.30% |
| 10 months < 11 months | 4.25% | 4.25% | 4.25% | 4.30% | 4.30% |
| 11 months < 11 months 25 days | 4.25% | 4.25% | 4.25% | 4.30% | 4.30% |
| 11 months 25 days < 1 year | 4.25% | 4.25% | 4.25% | 4.30% | 4.30% |
| 1 year < 1 year 5 days | 4.50% | 4.50% | 4.50% | 4.60% | 4.70% |
| 1 year 5 days < 1 year 11 days | 4.50% | 4.50% | 4.50% | 4.60% | 4.70% |
| 1 year 11 days < 1 year 25 days | 4.50% | 4.50% | 4.50% | 4.60% | 4.70% |
| 1 year 25 days < 13 months | 4.50% | 4.50% | 4.50% | 4.60% | 4.70% |
| 13 months < 14 months | 4.50% | 4.50% | 4.50% | 4.60% | 4.70% |
| 14 months < 15 months | 4.50% | 4.50% | 4.50% | 4.60% | 4.70% |
| 15 months < 16 months | 4.50% | 4.50% | 4.50% | 4.60% | 4.70% |
| 16 months < 17 months | 4.50% | 4.50% | 4.50% | 4.60% | 4.70% |
| 17 months < 18 months | 4.50% | 4.50% | 4.50% | 4.60% | 4.70% |
| 18 Months < 2 years | 4.50% | 4.50% | 4.50% | 4.60% | 4.70% |
| 2 years < 30 months | 4.70% | 4.70% | 4.70% | 4.80% | 4.80% |
| 30 months < 3 years | 4.70% | 4.70% | 4.70% | 4.80% | 4.80% |
| 3 years < 5 years | 4.70% | 4.70% | 4.70% | 4.90% | 4.90% |
| 5 years to 10 years | 4.70% | 4.70% | 4.70% | 4.90% | 4.90% |
| 4.90% |
Source - Axis Bank Official Website
Axis Bank Interest Rate On Fixed Deposit Plus on Rs 5 Cr and Above for the NRE customer
With effect from 30/12/2021, the bank is giving the Interest on Fixed Deposit Plus plan for the Non-Resident External on the deposit of Rs 5 Cr and above.
| Period | Deposit Rs 5 Cr < Rs 10 Cr | Deposit Rs 10 Cr < Rs 25 Cr | Deposit Rs 25 Cr < Rs 50 Cr | Deposit Rs 50 Cr < Rs 100 Cr | Deposit Rs 100 Cr and Above |
|---|---|---|---|---|---|
| 1 year < 1 year 5 days | 4.50% | 4.50% | 4.50% | 4.60% | 4.70% |
| 1 year 5 days < 1 year 11 days | 4.50% | 4.50% | 4.50% | 4.60% | 4.70% |
| 1 year 11 days < 1 year 25 days | 4.50% | 4.50% | 4.50% | 4.60% | 4.70% |
| 1 year 25 days < 13 months | 4.50% | 4.50% | 4.50% | 4.60% | 4.70% |
| 13 months < 14 months | 4.50% | 4.50% | 4.50% | 4.60% | 4.70% |
| 14 months < 15 months | 4.50% | 4.50% | 4.50% | 4.60% | 4.70% |
| 15 months < 16 months | 4.50% | 4.50% | 4.50% | 4.60% | 4.70% |
| 16 months < 17 months | 4.50% | 4.50% | 4.50% | 4.60% | 4.70% |
| 17 months < 18 months | 4.50% | 4.50% | 4.50% | 4.60% | 4.70% |
| 18 Months < 2 years | 4.50% | 4.50% | 4.50% | 4.60% | 4.70% |
| 2 years < 30 months | 4.70% | 4.70% | 4.70% | 4.80% | 4.80% |
| 30 months < 3 years | 4.70% | 4.70% | 4.70% | 4.80% | 4.80% |
| 3 years < 5 years | 4.70% | 4.70% | 4.70% | 4.90% | 4.90% |
| 5 years to 10 years | 4.70% | 4.70% | 4.70% | 4.90% | 4.90% |
Source - Axis Bank Official Website
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