Axis Bank revises FD charges. Now get greater than 7% rate of interest on these tenures

Axis Bank has revised the mounted deposit rates of interest for quantities under ₹2 crore. The new FD price is efficient from as we speak, 26  July 2023, in line with the Axis Bank web site. The financial institution has slashed the speed on one tenure by 10 foundation factors (bps). Axis Bank presents FD charges of three.50-7.10% p.a. to most people.

The financial institution is guaranteeing an rate of interest of three.50% on mounted deposits maturing in 7 days to 45 days, and 4% on these maturing in 46 days to 60 days. On deposits with a tenor of 61 days to a few months, the financial institution ensures an rate of interest of 4.50%, and on deposits with a tenor of three months to 6 months, Axis Bank guarantees an rate of interest of 4.75%.

Deposits that mature in 6 to 9 months will earn curiosity at a price of 5.75%, and people who mature in 9 to 12 months will earn 6%. The financial institution is now giving an rate of interest of 6.75% on mounted deposits maturing in 1 12 months to 1 12 months 4 days, whereas Axis Bank can be providing an rate of interest of 6.80% on deposits maturing in 1 12 months 5 days to 13 months.

On deposits held for 13 months to 2 years, Axis Bank is now giving an rate of interest of seven.10%. However, the financial institution has decreased the length from 16 months to lower than 17 months by 10 foundation factors to 7.10% from 7.20%. On deposits held for 2 years to thirty months, the financial institution is now providing an rate of interest of seven.05%. The rate of interest on deposits with maturities between 30 months and 10 years is now 7%.

Axis Bank’s newest FD charges efficient July 26 for basic prospects

7 days to 14 days 3.50%

15 days to 29 days 3.50%

30 days to 45 days 3.50%

46 days to 60 days 4.00%

 61 days < 3 months 4.50%

3 months < 4 months 4.75%

4 months < 5 months 4.75%

5 months < 6 months 4.75%

6 months < 7 months 5.75%

7 months < 8 months 5.75%

8 months < 9 months 5.75%

9 months < 10 months 6.00%

10 months < 11 months 6.00%

11 months to 11 months 24 days 6.00%

11 months 25 days < 1 12 months 6.00%

1 12 months to 1 12 months 4 days 6.75%

1 12 months 5 days to 1 12 months 10 days 6.80%

1 12 months 11 days to 1 12 months 24 days 6.80%

1 12 months 25 days < 13 months 6.80%

13 months < 14 months 7.10%

14 months < 15 months 7.10%

15 months < 16 months 7.10%

16 months < 17 months 7.10%

17 months < 18 months 7.10%

18 Months < 2 years 7.10%

2 years < 30 months 7.05%

30 months < 3 years 7.00%

3 years < 5 years 7.00%

5 years to 10 years 7.00%

Axis Bank’s newest FD charges efficient July 26 for Senior residents

Axis Bank presents FD charges of  3.50-7.85% p.a. to senior residents on tenures starting from 7 days to 10 years. These charges are with impact from 26 July 2023.

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Updated: 26 Jul 2023, 01:10 PM IST

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