In a strategic move, Axis Bank has implemented changes to its Fixed Deposit (FD) interest rates, effective from December 26, 2023.
The bank is now providing customers with a diverse range of interest rates, ranging from 3.5 percent to an impressive 7.10 percent.
Tailored Interest Rates for Different Tenures: Axis Bank’s New FD Rate Structure
Axis Bank’s revamped FD rate structure caters to a variety of tenures, spanning from 7 days to 10 years, ensuring flexibility for investors.
The maximum interest rate offered by the bank stands at 7.75 percent, exclusively applicable to FDs of less than Rs 2 crore.
Competitive Rates Across Tenure Buckets: Axis Bank’s Interest Rate Breakdown
Explore Axis Bank’s competitive interest rates across different tenure buckets, specifically tailored for both the general public and senior citizens. The rates vary, providing customers with a spectrum of options to choose from.
High Returns for Extended Terms: Axis Bank’s Lucrative Senior Citizen Rates
Senior citizens stand to benefit from enhanced interest rates, with percentages reaching up to 7.60 percent for select tenures, demonstrating Axis Bank’s commitment to offering lucrative returns to its elderly clientele.
Axis Bank’s Focus on Mid-Term Investors: Noteworthy 15-Month FD Offer
Among the revised rates, investors eyeing a mid-term commitment will find the 15-month FD particularly appealing, now offering an attractive 7.10 percent interest for the general public and 7.60 percent for senior citizens.
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