Axis Bank revises interest rates of fixed deposits; check what you get now, here is full list

Axis Bank's new interest rate on fixed deposits came into effect from 10 August 2019. Axis Bank offers fixed deposits across different maturities - ranging from 7 days to 10 years.

Axis Bank latest FD rates, Photo: Reuters

Private sector lender Axis Bank has revised interest rates on Fixed Deposits. The bank has taken this step a week after the RBI has announced a rate cut in interest rates. The Reserve Bank of India lowered the repo rate for the fourth time this year. This month, majors banks and other financial institutions have set interest rates for fixed deposits, in case if you are planning to invest your hard-earned money in Axis Bank you should know the revised rates on fixed deposits. Axis Bank's new interest rate on fixed deposits came into effect from 10 August 2019. Axis Bank offers fixed deposits across different maturities - ranging from 7 days to 10 years.

After the latest revision, Axis Bank is offering 3.5% interest on FDs between 7 days to 14 days, 6% interest rate on FDs between 46 days to 6 months. 6.4% interest rate for 5 months to less than 9 months. Axis Bank pays an interest rate of 6.75% on FDs between 9 months to 1 year.

Axis Bank latest FD rates for the amount below Rs 2 crore for the general public:

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7 days to 14 days 3.50%

15 days to 29 days 3.50%

30 days to 45 days 5.50%

46 days to 60 days 6.00%

61 days < 3 months 6.00%

3 months < 4 months 6.00%

4 months < 5 months 6.00%

5 months < 6 months 6.00%

6 months < 7 months 6.40%

7 months < 8 months 6.40%

8 months < 9 months 6.40%

9 months < 10 months 6.75%

10 months < 11 months 6.75%

11 months < 1 year 6.75%

Axis Bank latest FD rates below Rs 2 crore for the general public for maturity between 1 year and 2 years:

On FDs between 1 year to 1 year 25 days, Axis Bank offers an interest rate of 7.10%. This goes up to 7.2% - the highest across all its tenures - on FDs between 1 year 25 days and 13 months to less than 14 months.
On FDs between 14 months to less than 2 years, Bank is paying 7%.

1 year < 1 year 5 days 7.10%

1 year 5 days < 1 year 11 days 7.10%

1 year 11 days < 1 year 25 days 7.10%

1 year 25 days < 13 months 7.20%

13 months < 14 months 7.20%

14 months < 15 months 7.00%

15 months < 16 months 7.00%

16 months < 17 months 7.00%

17 months < 18 months 7.00%

18 Months < 2 years 7.00%

Axis Bank latest FD rates below Rs 2 crore for the general public for maturity between 2 years and 10 years:

On FDs between 2 years to 5 years, Axis Bank is paying 7%, However, for the period between 5 years to 10 years, the interest rate is 6.75%.

2 years < 30 months 7.00%

30 months < 3 years 7.00%

3 years < 5 years 7.00%

5 years to 10 years 6.75%

Axis Bank latest FD rates below Rs 2 crore for senior citizens:

Axis Bank pays a higher interest rate to senior citizens on select maturities.

7 days to 14 days 3.50%

15 days to 29 days 3.50%

30 days to 45 days 5.50%

46 days to 60 days 6.00%

61 days < 3 months 6.00%

3 months < 4 months 6.00%

4 months < 5 months 6.00%

5 months < 6 months 6.00%

6 months < 7 months 6.65%

7 months < 8 months 6.65%

8 months < 9 months 6.65%

9 months < 10 months 7.00%

10 months < 11 months 7.00%

11 months < 1 year 7.0%

Axis Bank latest FD rates below Rs 2 crore for senior citizens with the maturity between 1 year and 2 years is as follows:

1 year < 1 year 5 days 7.75%

1 year 5 days < 1 year 11 days 7.75%

1 year 11 days < 1 year 25 days 7.75%

1 year 25 days < 13 months 7.85%

13 months < 14 months 7.85%

14 months < 15 months 7.65%

15 months < 16 months 7.65%

16 months < 17 months 7.65%

17 months < 18 months 7.65%

18 Months < 2 years 7.65%

Axis Bank latest FD rates below Rs 2 crore for Senior citizens with the maturity between 2 years and 10 years:

2 years < 30 months 7.65%

30 months < 3 years 7.50%

3 years < 5 years 7.50%

5 years to 10 years 7.25%

Interested customer can also visit the official website of the bank for more details www.axisbank.com. Axis Bank offers FD from 7 days to 10 years duration, Axis Bank's new interest rate on fixed deposits came into effect from 10 August 2019. Another private sector lender ICICI Bank also revised interest rates on FDs with effect from 14th August 2019, in which the senior citizens get the most interest on ICICI Bank Fds. Apart from this, the ICICI bank provides 4% interest on short term deposits ranging from 7 to 14 days.

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