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Check Axis Bank Non-Withdrawable Fixed Deposit Interest Rates W.e.f. 21.03.2022

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Axis Bank offers a one-of-a-kind deposit product called "FIXED DEPOSIT PLUS," which prohibits investors from making premature withdrawals. This option is accessible to all NRI and domestic customers, and the interest rate is available on a simple or compounding basis for a minimum amount of Rs. 5,00,00,000. Coming to interest rates, it's worth noting that the bank has revised interest rates on March 21, 2022. The bank has adjusted interest rates on all types of deposits, including NRI/NRO deposits and domestic fixed deposits, in addition to the "Fixed Deposit Plus" account. The bank has increased interest rates by 5 bps on deposits maturing in one year 11 days to one year 25 days for Indian residents; more details can be found here.

 
Check Axis Bank Non-Withdrawable Fixed Deposit Interest Rates W.e.f. 21.03.2022

Axis Bank Fixed Deposit Plus Interest Rates

A minimum deposit of Rs 5 Cr is required for "Fixed Deposit Plus" accounts, with no upper limit. Customers can book an FD for a period of 7 days to 10 years, with no auto-renewal or premature withdrawal options. The bank pays the interest amount on a monthly and quarterly basis, with TDS applied. The bank is giving the following interest rates on "Fixed Deposit Plus" accounts as of March 21, 2022.

TenureRs 2 cr to Rs 5 CrRs 5 Cr to 10 CrRs 10 Cr to 25 CrRs 25 Cr to 50 CrRs 50 Cr to 100 CrRs 100 Cr and above
7 days to 14 days3.053.053.053.053.053.05
15 days to 29 days3.053.053.053.053.053.05
30 days to 45 days3.23.23.23.23.23.2
46 days to 60 days3.23.23.23.23.23.2
61 days to less than 3 months3.353.353.353.353.353.35
3 months to less than 4 months44.24.24.24.24.2
4 months to less than 5 months44.24.24.24.24.2
5 months to less than 6 months44.24.24.24.24.35
6 months to less than 7 months4.254.454.454.454.454.45
7 months to less than 8 months4.254.454.454.454.454.45
8 months to less than 9 months4.254.454.454.454.454.45
9 months to less than 10 months4.34.54.54.54.54.5
10 months to less than 11 months4.34.54.54.54.54.5
11 months to less than 11 months 25 days4.34.54.54.54.54.5
11 months 25 days to less than 1 year4.34.54.54.54.54.5
1 year to less than 1 year 5 days4.454.84.84.84.85
1 year 5 days to less than 1 year 11 days4.454.84.84.84.85
1 year 11 days to less than 1 year 25 days4.454.84.84.84.85
1 year 25 days to less than 13 months4.454.84.84.84.85
13 months to less than 14 months4.454.84.84.84.85
14 months to less than 15 months4.454.84.84.84.85.3
15 months to less than 16 months4.454.84.84.84.85
16 months to less than 17 months4.454.84.84.84.85
17 months to less than 18 months4.454.84.84.84.85
18 Months to less than 2 years4.454.84.84.84.85
2 years to less than 30 months4.554.84.84.84.84.8
30 months to less than 3 years4.554.84.84.84.84.8
3 years to less than 5 years4.654.94.94.94.94.9
5 years to 10 years4.654.94.94.94.94.9
Source: Bank Website

Story first published: Tuesday, March 22, 2022, 10:15 [IST]
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