Axis Bank has implemented a reduction of 0.50 percent in its Fixed Deposit (FD) interest rates, effective from September 15, 2023.
The bank now offers FD interest rates ranging from 3.5 percent to 7.10 percent for deposits less than Rs 2 crore, across various tenures spanning from 7 days to 10 years.
Here’s a breakdown of the new interest rates:
Interest Rates on Axis Bank FDs (Less than Rs 2 Crore)
For 7 days to 14 days:
- General Public: 3.00 percent
- Senior Citizens: 3.50 percent
For 15 days to 29 days:
- General Public: 3.00 percent
- Senior Citizens: 3.50 percent
For 30 days to 45 days:
- General Public: 3.50 percent
- Senior Citizens: 3.50 percent
For 46 days to 60 days:
- General Public: 4.25 percent
- Senior Citizens: 4.00 percent
For 61 days to less than 3 months:
- General Public: 4.50 percent
- Senior Citizens: 5.00 percent
For 3 months to less than 4 months:
- General Public: 4.75 percent
- Senior Citizens: 5.25 percent
For 4 months to less than 5 months:
- General Public: 4.75 percent
- Senior Citizens: 5.25 percent
For 5 months to less than 6 months:
- General Public: 4.75 percent
- Senior Citizens: 5.25 percent
For 6 months to less than 7 months:
- General Public: 5.75 percent
- Senior Citizens: 6.25 percent
For 7 months to less than 8 months:
- General Public: 5.75 percent
- Senior Citizens: 6.25 percent
For 8 months to less than 9 months:
- General Public: 5.75 percent
- Senior Citizens: 6.25 percent
For 9 months to less than 10 months:
- General Public: 6.00 percent
- Senior Citizens: 6.50 percent
For 10 months to less than 11 months:
- General Public: 6.00 percent
- Senior Citizens: 6.50 percent
For 11 months to less than 11 months 25 days:
- General Public: 6.00 percent
- Senior Citizens: 6.50 percent
For 11 months 25 days to less than 1 year:
- General Public: 6.00 percent
- Senior Citizens: 6.50 percent
For 1 year to less than 1 year 4 days:
- General Public: 6.70 percent
- Senior Citizens: 7.20 percent
For 1 year 5 days to less than 1 year 11 days:
- General Public: 6.70 percent
- Senior Citizens: 7.20 percent
For 1 year 11 days to less than 1 year 24 days:
- General Public: 6.70 percent
- Senior Citizens: 7.20 percent
For 1 year 25 days to less than 13 months:
- General Public: 6.70 percent
- Senior Citizens: 7.20 percent
For 13 months to less than 14 months:
- General Public: 6.70 percent
- Senior Citizens: 7.20 percent
For 14 months to less than 15 months:
- General Public: 6.70 percent
- Senior Citizens: 7.20 percent
For 15 months to less than 16 months:
- General Public: 7.10 percent
- Senior Citizens: 7.60 percent
For 16 months to less than 17 months:
- General Public: 7.10 percent
- Senior Citizens: 7.60 percent
For 17 months to less than 18 months:
- General Public: 7.10 percent
- Senior Citizens: 7.60 percent
For 18 months to less than 2 years:
- General Public: 7.10 percent
- Senior Citizens: 7.60 percent
For 2 years to less than 30 months:
- General Public: 7.10 percent
- Senior Citizens: 7.60 percent
For 30 months to less than 3 years:
- General Public: 7.10 percent
- Senior Citizens: 7.60 percent
For 3 years to less than 5 years:
- General Public: 7.10 percent
- Senior Citizens: 7.60 percent
For 5 years to 10 years:
- General Public: 7.00 percent
- Senior Citizens: 7.50 percent
Please note that these rates are subject to change and may vary based on the bank’s policies and market conditions.
