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Axis Bank Revises Interest Rates On FDs of Less Than Rs 2 Cr (W.e.f. 26th April 2022)

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Axis Bank, a private sector lender, has revised interest rates on fixed deposits of less than Rs 2 crore. According to the bank's official website, the bank announced this update today, April 26th, 2022, and as a result of the revision, the bank now offers fixed deposits maturing in 7 days to 10 years at interest rates ranging from 2.50 per cent to 5.75 per cent to the general public and 2.50 per cent to 6.50 per cent to senior citizens.

 
Axis Bank Revises Interest Rates On Fixed Deposits (W.e.f. 26th April 2022)

Axis Bank FD Rates For Regular Customers

As of April 26, 2022, the bank will provide the following interest rates to the general public on fixed deposits of less than Rs 2 crore with maturities ranging from 7 days to 10 years. Non-seniors will get a maximum interest rate of 5.75 per cent on deposit accounts due in 5 to 10 years.

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 to less than 3 months3
3 months to less than 4 months3.5
4 months to less than 5 months3.5
5 months to less than 6 months3.5
6 months to less than 7 months4.4
7 months to less than 8 months4.4
8 months to less than 9 months4.4
9 months to less than 10 months4.4
10 months to less than 11 months4.4
11 months to less than 11 months 25 days4.4
11 months 25 days to less than 1 year4.4
1 year to less than 1 year 5 days5.1
1 year 5 days to less than 1 year 11days5.15
1 year 11days to less than 1 year 25days5.3
1 year 25 days to less than 13 months5.15
13 months to less than 14 months5.15
14 months to less than 15 months5.15
15 months to less than 16 months5.2
16 months to less than 17 months5.2
17 months to less than 18 months5.2
18 months to less than 2 years5.25
2 years to less than 30 months5.4
30 months to less than 3 years5.4
3 years to less than 5 years5.4
5 years to 10 years5.75
Source: Bank Website. W.E.F. 26/04/2022

Axis Bank FD Rates For Senior Citizens

Seniors will continue to get a 0.50 per cent additional premium over and above the regular rate on deposits maturing in 6 months to 10 years. On term deposits due in 5 to 10 years, seniors will get a maximum interest rate of 6.50 per cent. Axis Bank will offer the following interest rates on term deposits of less than Rs 2 crore maturing in 7 days to 10 years starting April 26, 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 to less than 3 months3
3 months to less than 4 months3.5
4 months to less than 5 months3.5
5 months to less than 6 months3.5
6 months to less than 7 months4.65
7 months to less than 8 months4.65
8 months to less than 9 months4.65
9 months to less than 10 months4.65
10 months to less than 11 months4.65
11 months to less than 11 months 25 days4.65
11 months 25 days to less than 1 year4.65
1 year to less than 1 year 5 days5.75
1 year 5 days to less than 1 year 11days5.8
1 year 11days to less than 1 year 25days5.95
1 year 25 days to less than 13 months5.8
13 months to less than 14 months5.8
14 months to less than 15 months5.8
15 months to less than 16 months5.85
16 months to less than 17 months5.85
17 months to less than 18 months5.85
18 months to less than 2 years5.9
2 years to less than 30 months6.05
30 months to less than 3 years6.05
3 years to less than 5 years6.05
5 years to 10 years6.5
Source: Bank Website. W.E.F. 26/04/2022

Story first published: Tuesday, April 26, 2022, 11:08 [IST]
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