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Axis Bank Revises Interest Rates On Fixed Deposits: Latest Rates Here

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To cater to all types of customers and their personal financial needs, Axis Bank offers a range of deposit options such as Express FD, Fixed Deposits, Recurring Deposits, Tax Saver Fixed Deposit, Fixed Deposit Plus, and Auto Fixed Deposit. The bank offers a range of benefits on such deposits such as flexible tenure, minimum deposit limit, seamless fund transfer, online account opening, reinvestment deposit, multiple interest payout options and so on. However, the bank has recently revised its interest rates on domestic fixed deposits and NRI Fixed Deposits / FCNR Deposit. The new rates are listed below which are in effect from 1st November 2021.

Axis Bank Fixed Deposit Interest Rates For Regular Customers
 

Axis Bank Fixed Deposit Interest Rates For Regular Customers

Axis Bank is currently providing 2.50 percent interest on FDs maturing between 7 and 29 days, 3 percent interest on FDs maturing between 30 days and less than 3 months, and 3.5 percent interest on FDs maturing between 3 months and less than 6 months for deposits of less than Rs 2 crore. After the most recent modification, Axis Bank offers a 4.40 percent interest rate on FDs maturing in six months to less than 1 year. For deposits maturing in 1 year to less than 1 year 5 days and 1 year 5 days to less than 1 year 11 days, the bank is offering an interest rate of 5.10% and 5.15%.

The bank is providing a 5.20 percent interest rate on deposits maturing in 1 year 11 days to less than 13 months. For deposits maturing in 13 months to less than 18 months, and 18 months to less than 2 years Axis Bank is offering an interest rate of 5.10% and 5.25%. For deposits maturing in 2 years to less than 5 years and 5 years to less than 10 years, Axis Bank is now offering an interest rate of 5.40% and 5.75% to the general public.

TenureRegular FD Rates In %
7 days to 14 days2.5
15 days to 29 day2.5
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 11 days5.15
1 year 11 days to less than 1 year 25 days5.2
1 year 25 days to less than 13 months5.2
13 months to less than 14 months5.1
14 months to less than 15 months5.1
15 months to less than 16 months5.1
16 months to less than 17 months5.1
17 months to less than 18 months5.1
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: Axis Bank, W.e.f. 01/11/2021

Axis Bank Fixed Deposit Interest Rates for Senior Citizens

Axis Bank Fixed Deposit Interest Rates for Senior Citizens

Senior citizens will continue to get an additional rate of 0.50% on deposits maturing in 6 months to less than 10 years. After the most recent revision on interest rates, senior citizens will now get an interest rate of 2.50% to 6.50% on deposits maturing in 7 days to less than 10 years.

TenureInterest Rates for Senior Citizens In %
7 days to 14 days2.5
15 days to 29 day2.5
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 11 days5.8
1 year 11 days to less than 1 year 25 days5.85
1 year 25 days to less than 13 months5.85
13 months to less than 14 months5.75
14 months to less than 15 months5.75
15 months to less than 16 months5.75
16 months to less than 17 months5.75
17 months to less than 18 months5.75
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: Axis Bank, W.e.f. 01/11/2021

Axis Bank Interest Rates For NRi Deposits

Axis Bank Interest Rates For NRi Deposits

Axis Bank has also revised its interest rates on NRI deposits. For an NRI deposit amount of less than Rs 2 Cr, Axis Bank is currently offering the following interest rates which are in force from 1st November 2021.

PERIODINTEREST RATES (% P.A.)
1 Y < 1 Y 5 D5.1
1 Y 5 D < 1 Y 11 D5.15
1 Y 11 D < 1Y 25 D5.2
1Y 25 D < 13 M5.2
13 M < 14 M5.1
14 M < 15 M5.1
15 M < 16 M5.1
16 M < 17 M5.1
17 M < 18 M5.1
18 M < 2 Y5.25
2 Y < 30 M5.4
30 M < 3 Y5.4
3 Y < 5 Y5.4
5 Y to 10 Y5.75
Source: Axis Bank, W.e.f. 01/11/2021

 

Story first published: Thursday, November 4, 2021, 13:20 [IST]
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