Axis Bank has increased fixed deposit (FD) interest rates for certain tenures (for amounts less than Rs 2 crore), with effect from July 16, 2022.
For FDs maturing in 6 months to less than 7 months and for tenures between 8 months and less than 9 months, interest rates have been increased by 25 basis points from 4.40 percent to 4.65 percent.
According to the Axis Bank website, the interest rates of other FD tenures have not been changed.
will maintain its 5.60 percent interest rate on deposits maturing in one year, 25 days to less than 15 months. Deposits maturing in 15 months to less than two years will continue to earn 5.60 percent. On deposits maturing in one year, 11 days to one year, and 25 days, the bank offers a 5.75 percent interest rate.
Axis Bank FD interest rates
Senior citizens FD interest rate
Fixed deposit interest rates have been increased to 4.90 percent for deposits maturing in 6 to less than 7 months and 8 to less than 9 months.
In June 2022, Axis Bank had hiked fixed deposit interest rates on tenures above one year.
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