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Axis Bank Revises Interest Rates On FDs of Less Than Rs 2 Cr W.e.f. 17.03.2022

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Axis Bank, a private sector lender, has announced an interest rate adjustment on fixed deposits below Rs 2 crore. The bank made this modification today, effective March 17, 2022, and is offering an interest rate of 2.50 percent to 5.75 percent for the general public and 2.50 percent to 6.50 percent for senior citizens on term deposits maturing in 7 days to 10 years as a result of the revision.

 
Axis Bank Revises Interest Rates On FDs of Less Than Rs 2 Cr W.e.f. 17.03.2022

Axis Bank Fixed Deposit Interest Rates For The General Public

Regular customers will receive the following interest rates on domestic fixed deposits of less than Rs 2 crore as of March 17, 2022.

TenorsInterest 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 less than 3 months3
3 months less than 4 months3.5
4 months less than 5 months3.5
5 months less than 6 months3.5
6 months less than 7 months4.4
7 months less than 8 months4.4
8 months less than 9 months4.4
9 months less than 10 months4.4
10 months less than 11 months4.4
11 months less than 11 months 25 days4.4
11 months 25 days less than 1 year4.4
1 year less than 1 year 5 days5.1
1 year 5 days less than 1 year 11days5.15
1 year 11days less than 1 year 25days5.25
1 year 25 days less than 13 months5.15
13 months less than 14 months5.15
14 months less than 15 months5.15
15 months less than 16 months5.2
16 months less than 17 months5.2
17 months less than 18 months5.2
18 months less than 2 years5.25
2 years less than 30 months5.4
30 months less than 3 years5.4
3 years less than 5 years5.4
5 years to 10 years5.75
Source: Bank Website

Axis Bank Fixed Deposit Interest Rates For Senior Citizens

Senior citizens will receive the following interest rates on domestic fixed deposits of less than Rs 2 crore as of March 17, 2022.

TenorsInterest 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 less than 3 months3
3 months less than 4 months3.5
4 months less than 5 months3.5
5 months less than 6 months3.5
6 months less than 7 months4.65
7 months less than 8 months4.65
8 months less than 9 months4.65
9 months less than 10 months4.65
10 months less than 11 months4.65
11 months less than 11 months 25 days4.65
11 months 25 days less than 1 year4.65
1 year less than 1 year 5 days5.75
1 year 5 days less than 1 year 11days5.8
1 year 11days less than 1 year 25days5.9
1 year 25 days less than 13 months5.8
13 months less than 14 months5.8
14 months less than 15 months5.8
15 months less than 16 months5.85
16 months less than 17 months5.85
17 months less than 18 months5.85
18 months less than 2 years5.9
2 years less than 30 months6.05
30 months less than 3 years6.05
3 years less than 5 years6.05
5 years to 10 years6.5
Source: Bank Website

Story first published: Thursday, March 17, 2022, 12:51 [IST]
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