Axis Bank revises fastened deposit rates of interest. Latest FD charges right here

Private sector lender Axis Bank has revised rates of interest on fastened deposits (FDs) with impact from 18 March. Axis Bank provides FDs throughout totally different tenures, starting from 7 days to 10 years.

After the newest revision, Axis Bank is providing an rate of interest of two.50% on FDs with maturity between 7 days and 29 days, 3% for FDs maturing between 30 days and fewer than 3 months, 3.5% for FDs between 3 months and fewer than 6 months.

For FDs maturing in six months to lower than 11 months 25 days, Axis Bank offers a 4.40% rate of interest. For 11 months 25 days to lower than 1 yr 5 days 5.15%, 1 yr 5 days to lower than 18 months 5.10%. For time period deposits maturing in 18 months to lower than 2 years, Axis Bank offers 5.25% curiosity.

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For long-term deposits maturing in 2 years to five years, Axis Bank provides an rate of interest of 5.40%. And deposits maturing in 5 years to 10 years will fetch you an rate of interest of 5.75%.

Axis Bank newest FD rates of interest (beneath ₹2 crore) for normal public with impact from 18 March

7 days to 14 days 2.50%

15 days to 29 days 2.50%

30 days to 45 days 3%

46 days to 60 days 3%

61 days < 3 months 3%

3 months < 4 months 3.5%

4 months < 5 months 3.5%

5 months < 6 months 3.5%

6 months < 7 months 4.40%

7 months < 8 months 4.40%

8 months < 9 months 4.40%

9 months < 10 months 4.40%

10 months < 11 months 4.40%

11 months < 11 months 25 days 4.40%

11 months 25 days < 1 yr 5.15%

1 yr < 1 yr 5 days 5.15%

1 yr 5 days < 1 yr 11 days 5.10%

1 yr 11 days < 1 yr 25 days 5.10%

1 yr 25 days < 13 months 5.10%

13 months < 14 months 5.10%

14 months < 15 months 5.10%

15 months < 16 months 5.10%

16 months < 17 months 5.10%

17 months < 18 months 5.10%

18 Months < 2 years 5.25%

2 years < 30 months 5.40%

30 months < 3 years 5.40%

3 years < 5 years 5.40%

5 years to 10 years 5.75%

Axis Bank FD charges for senior residents

Axis Bank provides a better price to senior residents on choose maturities. Senior residents will get an rate of interest starting from 2.5% to six.50% on deposits maturing in 7 days to 10 years.

In January this yr, the personal lender had introduced the removing of penalty on untimely closure of all new retail time period deposits booked on or after 15 December 2020 for a tenure of two years or extra. According to the financial institution, the target of this customer-friendly function was to inculcate and encourage retail clients to go for long-term financial savings with out worrying concerning the sudden want for liquidity. The new function is relevant on all new fastened deposits and recurring deposits. For new deposits booked for a tenure above 2 years, there will probably be nil untimely penalty if your complete deposit is prematurely withdrawn publish 15 months of reserving.

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