Axis Bank Revises Interest Rates On Non-Withdrawable Fixed Deposits

Axis Bank, a private sector lender, revised interest rates on non-redeemable fixed deposits. On March 8, 2022, the bank made this modification. Domestic Fixed Deposits Plus are non-withdrawable deposits in which the bank does not allow premature withdrawal. Following the most recent adjustment, the bank currently offers deposits maturing in 7 days to 10 years at a rate of 3.05 - 4.65 percent.

Axis Bank Interest Rates On Non-Withdrawable Deposits

Axis Bank has started giving the following interest rates on "Fixed Deposit Plus" (Premature Withdrawal Not Permitted) as of 08/03/2022.

Tenors	Rs 2 Cr to Rs 5 Cr	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 & Above
7 days to 14 days	3.05	3.05	3.05	3.05	3.05	3.05
15 days to 29 days	3.05	3.05	3.05	3.05	3.05	3.05
30 days to 45 days	3.1	3.1	3.1	3.1	3.1	3.1
46 days to 60 days	3.1	3.1	3.1	3.1	3.1	3.1
61 days to less than 3 months	3.25	3.25	3.25	3.25	3.25	3.25
3 months to less than 4 months	3.85	4.05	4.05	4.05	4.05	4.05
4 months to less than 5 months	3.85	4.05	4.05	4.05	4.05	4.05
5 months to less than 6 months	3.85	4.05	4.05	4.05	4.05	4.05
6 months to less than 7 months	4.1	4.3	4.3	4.3	4.3	4.3
7 months to less than 8 months	4.1	4.3	4.3	4.3	4.3	4.3
8 months to less than 9 months	4.1	4.3	4.3	4.3	4.3	4.3
9 months to less than 10 months	4.15	4.35	4.35	4.35	4.35	4.35
10 months to less than 11 months	4.15	4.35	4.35	4.35	4.35	4.35
11 months to less than 11 months 25 days	4.15	4.35	4.35	4.35	4.35	4.35
11 months 25 days to less than 1 year	4.15	4.35	4.35	4.35	4.35	4.35
1 year to less than 1 year 5 days	4.3	4.8	4.8	4.8	4.8	5
1 year 5 days to less than 1 year 11 days	4.3	4.8	4.8	4.8	4.8	5
1 year 11 days to less than 1 year 25 days	4.3	4.8	4.8	4.8	4.8	5
1 year 25 days to less than 13 months	4.3	4.8	4.8	4.8	4.8	5
13 months to less than 14 months	4.3	4.8	4.8	4.8	4.8	5
14 months to less than 15 months	4.3	4.8	4.8	4.8	4.8	5
15 months to less than 16 months	4.3	4.8	4.8	4.8	4.8	5
16 months to less than 17 months	4.3	4.8	4.8	4.8	4.8	5
17 months to less than 18 months	4.3	4.8	4.8	4.8	4.8	5
18 months to less than 2 years	4.3	4.8	4.8	4.8	4.8	5
2 years to less than 30 months	4.55	4.8	4.8	4.8	4.8	4.8
30 months to less than 3 years	4.55	4.8	4.8	4.8	4.8	4.8
3 years to less than 5 years	4.65	4.9	4.9	4.9	4.9	4.9
5 years to 10 years	4.65	4.9	4.9	4.9	4.9	4.9
Source: Bank Website

Axis Bank NRI Fixed Deposit Interest Rates

With effect from March 8, 2022, the bank is giving the following interest rates on NRI Deposits where premature withdrawals are not allowed

Tenors	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 & Above
1 year to less than 1 year 5 days	4.8	4.8	4.8	4.8	5
1 year 5 days to less than 1 year 11 days	4.8	4.8	4.8	4.8	5
1 year 11 days to less than 1 year 25 days	4.8	4.8	4.8	4.8	5
1 year 25 days to less than 13 months	4.8	4.8	4.8	4.8	5
13 months to less than 14 months	4.8	4.8	4.8	4.8	5
14 months to less than 15 months	4.8	4.8	4.8	4.8	5
15 months to less than 16 months	4.8	4.8	4.8	4.8	5
16 months to less than 17 months	4.8	4.8	4.8	4.8	5
17 months to less than 18 months	4.8	4.8	4.8	4.8	5
18 months to less than 2 years	4.8	4.8	4.8	4.8	5
2 years to less than 30 months	4.8	4.8	4.8	4.8	4.8
30 months to less than 3 years	4.8	4.8	4.8	4.8	4.8
3 years to less than 5 years	4.9	4.9	4.9	4.9	4.9
5 years to 10 years	4.9	4.9	4.9	4.9	4.9
Source: Bank Website

Note

Axis Bank has also recently revised interest rates on fixed deposits of less than Rs 2 Cr. The adjustment has been made on 05/03/2022 and following the revision, the bank is offering an interest rate of 2.5% - 5.75% to the general public and 2.5% - 6.50% to senior citizens on term deposits having premature withdrawal facility maturing in 7 days to 10 years. Check complete details here.