Axis Bank has revised its fixed deposit (FD) interest rates with effect from December 26, 2023, according to the bank’s website. The revised rates are applicable for FDs worth less than Rs 2 crore. The highest interest rate for individuals can go up to 7.10% and the highest interest rate for senior citizens can go up to 7.75% in the private sector lender.
Axis Bank FD interest rates revised (from December 26, 2023)
Axis Bank offers an interest rate of 3% for FDs maturing between 7 days and 29 days. For FDs maturing between 30 days and 45 days, the bank offers an interest rate of 3.5%. FDs maturing between 46 days and 60 days will fetch an interest rate of 4.25%.
For FD tenures maturing between 61 days and less than three months, the bank offers an interest rate of 4.5%. Axis Bank offers an interest rate of 4.75% for FDs maturing between three months and 25 days and less than six months.
Axis Bank customers will get an interest rate of 6% on FDs maturing between nine months and less than a year. FDs maturing between one year and less than 15 months, will get an interest rate of 6.70%.
| Maturity Period | General Individuals |
| 7 to 14 days | 3% |
| 15 to 29 days | 3% |
| 30 to 45 days | 3.50% |
| 46 to 60 days | 4.25% |
| 61 days 3 months | 4.50% |
| 3 months – 3 months 24 days | 4.75% |
| 3 months 25 days 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% |
| 10 months 11 months | 6% |
| 11 months – 11 months 24 days | 6% |
| 11 months 25 days 1 year | 6% |
| 1 year – 1 year 4 day | 6.70% |
| 1 year 5 days – 1 year 10 days | 6.70% |
| 1 year 11 days – 1 year 24 days | 6.70% |
| 1 year 25 days 13 months | 6.70% |
| 13 months 14 months | 6.70% |
| 14 months 15 months | 6.70% |
| 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 | 7.10% |
| 30 months 3 years | 7.10% |
| 3 years 5 years | 7.10% |
| 5 years to 10 years | 7% |
Source: Axis Bank Website
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For FDs maturing between 15 months and less than five years, the bank offers an interest rate of 7.1%. On FDs maturing between five years and 10 years, the bank offers an interest rate of 7%.Axis Bank FD interest rates for senior citizens (from December 26, 2023)Senior citizens get an additional interest rate of up to 0.75% over the interest rate offered to the general customers. For FD tenures maturing between 7 days and 29 days, Axis Bank offers an interest rate of 3.5%. An interest rate of 4% will be given by the bank for FD tenures maturing between 30 days and 45 days. FDs maturing between 46 days and 60 days will fetch an interest rate of 4.75%. For FDs maturing between 61 days and less than three months, an interest rate of 5% will be given by the bank. Axis Bank customers will get an interest of 5.25% on FDs maturing between three months and less than six months.
Axis Bank senior citizen FD interest rates (effective from December 26, 2023)
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| Maturity Period | Senior Citizens |
| 7 to 14 days | 3.50% |
| 15 to 29 days | 3.50% |
| 30 to 45 days | 4% |
| 46 to 60 days | 4.75% |
| 61 days 3 months | 5% |
| 3 months – 3 months 24 days | 5.25% |
| 3 months 25 days 4 months | 5.25% |
| 4 months 5 months | 5.25% |
| 5 months 6 months | 5.25% |
| 6 months 7 months | 6.25% |
| 7 months 8 months | 6.25% |
| 8 months 9 months | 6.25% |
| 9 months 10 months | 6.50% |
| 10 months 11 months | 6.50% |
| 11 months – 11 months 24 days | 6.50% |
| 11 months 25 days 1 year | 6.50% |
| 1 year – 1 year 4 day | 7.20% |
| 1 year 5 days – 1 year 10 days | 7.20% |
| 1 year 11 days – 1 year 24 days | 7.20% |
| 1 year 25 days 13 months | 7.20% |
| 13 months 14 months | 7.20% |
| 14 months 15 months | 7.20% |
| 15 months 16 months | 7.60% |
| 16 months 17 months | 7.60% |
| 17 months 18 months | 7.60% |
| 18 Months 2 years | 7.60% |
| 2 years 30 months | 7.60% |
| 30 months 3 years | 7.60% |
| 3 years 5 years | 7.60% |
| 5 years to 10 years | 7.75% |
Source: Axis Bank Website
For FDs maturing between six months and less than nine months, Axis Bank offers an interest rate of 6.25%. For FDs maturing between nine months and less than one year, the bank offers an interest rate of 6.5%. On FDs maturing between 12 and 15 months, the bank offers an interest rate of 7.2%. For FDs maturing between 15 months and less than five years, Axis Bank offers an interest rate of 7.6%. Axis Bank offers an interest rate of 7.75% on FDs that mature between five years and 10 years. This is the highest rate of interest that Axis Bank offers to senior citizens for an FD of an amount less than Rs 2 crore.
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