Axis Bank Revises Interest Rates On Fixed Deposits: Check New Rates Here

Axis Bank, one of India's largest private sector banks, has adjusted its interest rates on different fixed deposit schemes. The new rates are effective as of December 14, 2021, and applicable to Domestic Fixed Deposits, Domestic Fixed Deposits Plus, NRI Fixed Deposits, and NRI Fixed Deposits Plus, according to the bank's website.

Axis Bank Domestic Fixed Deposit Interest Rates

Following the most recent modification on deposits of less than Rs. 2 crores, Axis Bank is now giving 2.50 percent interest on term deposits maturing between 7 and 29 days, 3% for deposits maturing between 30 days and less than 3 months, and 3.5 percent for FDs maturing between 3 months and less than 6 months. Axis Bank offers a 4.40 percent interest rate on FDs maturing in six months to less than 1 year.

The bank is now giving 5.10 percent and 5.15 percent interest rates on deposits maturing in one year, one year five days, and one year eleven days. On the other hand, deposits maturing in one year range from 11 days to less than 13 months, Axis Bank is now promising an interest rate of 5.20%. The bank is currently giving a 5.10 percent interest rate on deposits maturing in 13 months to less than 18 months. On term deposits maturing in 18 months to 2 years, the bank is currently giving a 5.25 percent interest rate.

The bank is providing the general public interest rates of 5.40 percent and 5.75 percent on deposits maturing in 2 years to less than 5 years and 5 years to 10 years, respectively. On deposits maturing in 6 months to 10 years, senior folks will continue to get a 0.50 percent additional premium. On deposits maturing in 7 days to 10 years, senior folks would get interest rates ranging from 2.5 percent to 6.50 percent.

Tenor	Regular interest rates in p.a.	Senior Citizens
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 months	3	3
3 months < 4 months	3.5	3.5
4 months < 5 months	3.5	3.5
5 months < 6 months	3.5	3.5
6 months < 7 months	4.4	4.65
7 months < 8 months	4.4	4.65
8 months < 9 months	4.4	4.65
9 months < 10 months	4.4	4.65
10 months < 11 months	4.4	4.65
11 months < 11 months 25 days	4.4	4.65
11 months 25 days < 1 year	4.4	4.65
1 year < 1 year 5 days	5.1	5.75
1 year 5 days < 1 year 11days	5.15	5.8
1 year 11days < 1 year 25days	5.2	5.85
1 year 25 days < 13 months	5.2	5.85
13 months < 14 months	5.1	5.75
14 months < 15 months	5.1	5.75
15 months < 16 months	5.1	5.75
16 months < 17 months	5.1	5.75
17 months < 18 months	5.1	5.75
18 months < 2 years	5.25	5.9
2 years < 30 months	5.4	6.05
30 months < 3 years	5.4	6.05
3 years < 5 years	5.4	6.05
5 years to 10 years	5.75	6.5
Source: Bank Website

Axis Bank Domestic Fixed Deposit Plus Interest Rates

The bank has also changed the interest rates on Domestic Fixed Deposit Plus Accounts, which do not allow premature withdrawals. Axis Bank is offering the following interest rates on deposits of Rs. 5 crore and above, effective as of December 14, 2021.

Tenor	Rs 5 Cr to Rs 10 Cr	Rs 10 Cr to Rs 25 Cr	Rs 25 Cr to Rs 50 Cr	Rs 50 Cr to Rs 100 Cr	Rs 100 Cr and above
7 days to 14 days	2.5	2.5	2.5	2.5	2.5
15 days to 29 days	2.5	2.5	2.5	2.5	2.5
30 days to 45 days	3	3	3	3	3
46 days to 60 days	3	3	3	3	3
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	3.75	3.75
5 months < 6 months	3.75	3.75	3.75	3.75	3.75
6 months < 7 months	4.1	4.1	4.1	4.1	4.1
7 months < 8 months	4.1	4.1	4.1	4.1	4.1
8 months < 9 months	4.1	4.1	4.1	4.1	4.1
9 months < 10 months	4.25	4.25	4.25	4.25	4.25
10 months < 11 months	4.25	4.25	4.25	4.25	4.25
11 months < 11 months 25 days	4.25	4.25	4.25	4.25	4.25
11 months 25 days < 1 year	4.25	4.25	4.25	4.25	4.25
1 year < 1 year 5 days	4.5	4.5	4.5	4.5	4.5
1 year 5 days < 1 year 11 days	4.5	4.5	4.5	4.5	4.5
1 year 11 days < 1 year 25 days	4.5	4.5	4.5	4.5	4.5
1 year 25 days < 13 months	4.5	4.5	4.5	4.5	4.5
13 months < 14 months	4.5	4.5	4.5	4.5	4.5
14 months < 15 months	4.5	4.5	4.5	4.5	4.5
15 months < 16 months	4.5	4.5	4.5	4.5	4.5
16 months < 17 months	4.5	4.5	4.5	4.5	4.5
17 months < 18 months	4.5	4.5	4.5	4.5	4.5
18 Months < 2 years	4.5	4.5	4.5	4.5	4.5
2 years < 30 months	4.7	4.7	4.7	4.7	4.7
30 months < 3 years	4.7	4.7	4.7	4.7	4.7
3 years < 5 years	4.7	4.7	4.7	4.7	4.7
5 years to 10 years	4.7	4.7	4.7	4.7	4.7
Source: Bank Website

Axis Bank NRO Fixed Deposits Interest Rates

Axis Bank is providing the following interest rates on NRO Deposits for deposits of less than Rs 5 crore, effective as of 14.12.2021.

Tenor	Below Rs 2 Cr	Rs 2 Cr to less than 4.91 Cr	Rs 4.91 Cr to less than 4.92 Cr	Rs 4.92 Cr to less than Rs 5 Cr
7 days to 14 days	2.5	2.5	2.5	2.5
15 days to 29 days	2.5	2.5	2.5	2.5
30 days to 45 days	3	3	2.5	3
46 days to 60 days	3	3	2.5	3
61 days < 3 months	3	3.25	2.6	3.25
3 months < 4 months	3.5	3.45	2.6	3.45
4 months < 5 months	3.5	3.55	2.6	3.55
5 months < 6 months	3.5	3.55	2.6	3.55
6 months < 7 months	4.4	3.85	2.75	3.85
7 months < 8 months	4.4	3.85	2.75	3.85
8 months < 9 months	4.4	3.85	2.75	3.85
9 months < 10 months	4.4	4	2.75	4
10 months < 11 months	4.4	4	2.75	4
11 months < 11 months 25 days	4.4	4	2.75	4
11 months 25 days < 1 year	4.4	4	2.75	4
1 year < 1 year 5 days	5.1	4.15	3	4.15
1 year 5 days < 1 year 11 days	5.15	4.15	3	4.15
1 year 11 days < 1 year 25 days	5.2	4.15	3	4.15
1 year 25 days < 13 months	5.2	4.15	3	4.15
13 months < 14 months	5.1	4.15	3	4.15
14 months < 15 months	5.1	4.15	3	4.15
15 months < 16 months	5.1	4.15	3	4.15
16 months < 17 months	5.1	4.15	3	4.15
17 months < 18 months	5.1	4.15	3	4.15
18 Months < 2 years	5.25	4.25	3	4.25
2 years < 30 months	5.4	4.45	3	4.45
30 months < 3 years	5.4	4.45	3	4.45
3 years < 5 years	5.4	4.45	3	4.45
5 years to 10 years	5.75	4.45	3	4.45
Source: Bank Website

Axis Bank NRE Fixed Deposit Plus Interest Rates

On Non-Resident External (NRE) Deposits of Rs 5 Cr and above, Axis Bank is giving the below-specified interest rates with effect from 14.12.2021. These deposits do not allow premature withdrawals.

Tenor	Rs 5 Cr to Rs 10 Cr	Rs 10 Cr to Rs 25 Cr	Rs 25 Cr to Rs 50 Cr	Rs 50 Cr to Rs 100 Cr	Rs 100 Cr and above
1 year < 1 year 5 days	4.5	4.5	4.5	4.5	4.5
1 year 5 days < 1 year 11 days	4.5	4.5	4.5	4.5	4.5
1 year 11 days < 1 year 25 days	4.5	4.5	4.5	4.5	4.5
1 year 25 days < 13 months	4.5	4.5	4.5	4.5	4.5
13 months < 14 months	4.5	4.5	4.5	4.5	4.5
14 months < 15 months	4.5	4.5	4.5	4.5	4.5
15 months < 16 months	4.5	4.5	4.5	4.5	4.5
16 months < 17 months	4.5	4.5	4.5	4.5	4.5
17 months < 18 months	4.5	4.5	4.5	4.5	4.5
18 Months < 2 years	4.5	4.5	4.5	4.5	4.5
2 years < 30 months	4.7	4.7	4.7	4.7	4.7
30 months < 3 years	4.7	4.7	4.7	4.7	4.7
3 years < 5 years	4.7	4.7	4.7	4.7	4.7
5 years to 10 years	4.7	4.7	4.7	4.7	4.7
Source: Bank Website