Interest rates

Axis Bank revises interest rates on FD below Rs 2 Cr (Wef 26 Apr 2022)

Investment

oi-Vipul Das

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Axis Bank, a private sector lender, has revised interest rates on fixed deposits by less than Rs 2 crore. According to the bank’s official website, the bank announced this update today, April 26, 2022, and as a result of the revision, the bank now offers fixed deposits maturing in 7 days to 10 years at interest rate ranging from 2.50% to 5.75%. percent to the general public and 2.50 to 6.50 percent to the elderly.

Axis Bank FD rates for regular customers

Effective April 26, 2022, the bank will provide the following interest rates to the general public on fixed deposits of less than Rs 2 crore with maturities ranging from 7 days to 10 years. Non-seniors will earn a maximum interest rate of 5.75% on deposit accounts due in 5-10 years.

Tenors Interest rate in % pa
7 days to 14 days 2.5
15 days to 29 days 2.5
30 days to 45 days 3
46 days to 60 days 3
61 days to less than 3 months 3
3 months to less than 4 months 3.5
4 months to less than 5 months 3.5
5 months to less than 6 months 3.5
6 months to less than 7 months 4.4
7 months to less than 8 months 4.4
8 months to less than 9 months 4.4
9 months to less than 10 months 4.4
10 months to less than 11 months 4.4
11 months to less than 11 months 25 days 4.4
11 months 25 days to less than 1 year 4.4
1 year to less than 1 year 5 days 5.1
1 year 5 days to less than 1 year 11 days 5.15
1 year 11 days to less than 1 year 25 days 5.3
1 year 25 days to less than 13 months 5.15
13 months to less than 14 months 5.15
14 months to less than 15 months 5.15
15 months to less than 16 months 5.2
16 months to less than 17 months 5.2
17 months to less than 18 months 5.2
18 months to less than 2 years 5.25
2 years to less than 30 months 5.4
30 months to less than 3 years 5.4
3 years to less than 5 years 5.4
5 years to 10 years 5.75
Source: Bank website. WEF 04/26/2022

Axis Bank FD rates for seniors

Seniors will continue to benefit from an additional premium of 0.50% on top of the regular rate on deposits maturing between 6 months and 10 years. On term deposits maturing in 5 to 10 years, seniors will get a maximum interest rate of 6.50%. Axis Bank will offer the following interest rates on term deposits of less than Rs 2 crore maturing between 7 days and 10 years from 26 April 2022.

Tenors Interest rate in % pa
7 days to 14 days 2.5
15 days to 29 days 2.5
30 days to 45 days 3
46 days to 60 days 3
61 days to less than 3 months 3
3 months to less than 4 months 3.5
4 months to less than 5 months 3.5
5 months to less than 6 months 3.5
6 months to less than 7 months 4.65
7 months to less than 8 months 4.65
8 months to less than 9 months 4.65
9 months to less than 10 months 4.65
10 months to less than 11 months 4.65
11 months to less than 11 months 25 days 4.65
11 months 25 days to less than 1 year 4.65
1 year to less than 1 year 5 days 5.75
1 year 5 days to less than 1 year 11 days 5.8
1 year 11 days to less than 1 year 25 days 5.95
1 year 25 days to less than 13 months 5.8
13 months to less than 14 months 5.8
14 months to less than 15 months 5.8
15 months to less than 16 months 5.85
16 months to less than 17 months 5.85
17 months to less than 18 months 5.85
18 months to less than 2 years 5.9
2 years to less than 30 months 6.05
30 months to less than 3 years 6.05
3 years to less than 5 years 6.05
5 years to 10 years 6.5
Source: Bank website. WEF 04/26/2022

Article first published: Tuesday, April 26, 2022, 11:08 a.m. [IST]