PERSONAL FINANCE
An increase in interest rates has been announced by Axis Bank for its fixed deposits under Rs. 2 crores.
An increase in interest rates has been announced by Axis Bank for its fixed deposits under Rs. 2 crores. On September 9, 2022, the new interest rates were effective, according to the bank's official website. In reaction to the modification, the bank increased interest rates across a variety of tenors. For maturities ranging from 7 days to 6 months, the bank has increased interest rates on fixed deposits by 25 basis points.
FD Rates at Axis Bank
The bank increased the interest rate on fixed deposits maturing in 7 days to 29 days by 25 basis points (bps), from 2.50 percent to 2.75 percent, and Axis Bank increased the interest rate on fixed deposits maturing in 30 days to 3 months by 25 bps, from 3 percent to 3.25 percent. Fixed deposits that mature in 3 to 6 months will now earn an interest rate of 3.75 percent, up from 3.50 percent previously—a 25 basis point increase. The bank will continue to offer interest rates of 4.65 percent and 4.40 percent on fixed deposits maturing in 6 months to 7 months and 7 months to 8 months, respectively, and 4.65 percent on fixed deposits maturing in 8 months to 9 months.
Fixed deposit interest rates will remain at 4.75 percent for those maturing in 9 months to 1 year, while term deposit interest rates will remain at 5.45 percent for those maturing in 1 year to 1 year and 11 days. Axis Bank will continue to offer an interest rate of 5.75 percent on fixed deposits maturing in the next 1 year, 11 days to 1 year, 25 days, and 5.60 percent on fixed deposits maturing in the next 1 year, 25 days to 2 years. The bank will continue to pay 5.70 percent interest on term deposits maturing in 2 to 5 years, and 5.75 percent interest on fixed deposits maturing in 5 to 10 years.
Axis Bank FD Rates For Senior Citizens
Seniors will now get an interest rate of 3.25 percent on fixed deposits maturing in 30 days or less and will continue to receive an interest rate of 2.75 percent on deposits maturing in 7 days to 29 days. Fixed deposits with maturities between three and six months will continue to earn interest at a rate of 3.75 percent, while senior citizens will now receive interest on term deposits with maturities between six and seven months at a rate of 4.90 percent. Seniors will now get interest rates of 4.65 percent and 4.90 percent on fixed deposits with maturities of 7 to 8 and 8 to 9 months, respectively. Seniors will now receive an interest rate of 5.00 percent for fixed deposits due in nine to one year.
Seniors will now get interest rates of 6.20 percent on fixed deposits maturing in one year to one year and eleven days and 6.50 percent on term deposits maturing in one year and eleven days to one year and twenty-five days. Seniors will now get an interest rate of 6.35 percent on fixed deposits maturing in 1 year 25 days to 2 years and a 6.45 percent interest rate on term deposits maturing in 2 years to 5 years. Senior people will receive an interest rate of 6.50 percent on fixed deposits with maturities between 5 and 10 years.
8th Pay Commission: Minimum salary to be doubled? Big announcement expected on...
Kichcha Sudeep’s mother Saroja Sanjeev passes away at 86 due to…
'The answer lies in the...': Gautam Adani gets candid on why he didn't complete his education
Cultural Shock? Desi singing loudly inside bus in Germany divides opinion, watch viral video
Meet man who worked as waiter, earned Rs 3,000 per month, cracked UPSC exam with AIR...
Noida Master Plan-2041: NCR to get new city, UP government approves 'New Noida', to be readied in…
Understanding Fault Lines: Deep dive into India-Canada diplomatic standoff
Aditya Birla Group's big movement, set to invest Rs 75 crore in THIS Virat Kohli backed brand
Air Pollution: Delhi-NCR air quality turns 'severe', AQI reaches...
70 Bomb Threats In 6 Days: What is the reason behind this surge in hoax warnings?
'I'm sorry...': Throwback to when Ratan Tata fact-checked journalist for a quote attributed to him
Salman Khan gets emotional at Bigg Boss 18 amid death threats: ‘What all I am going through…’
'Grave mistake': Netanyahu warns Iran, Hezbollah after 'assassination' attempt
Mukesh Ambani's next BIG step, Jio Cinema likely to shut down due to...
Meet man, who used to be mechanic, cleared UPSC exam on first attempt, secured AIR 32 to become....
RRB NTPC 2024: Registration window ends today, check easy steps to apply at rrbapply.gov.in
Watch: Little girl lifts huge snake in viral video, parents face backlash for dangerous stunt
Happy Karwa Chauth 2024: WhatsApp wishes, messages and quotes for your loved ones
Zerodha's Nikhil Kamath, known for favouring renting, buys his 1st house; here's why
Meet Ratan Tata’s favourite chef, who began his career in a garage, now he is...
Rajinikanth to compensate producer's loss for Vettaiyan failure? Here's what we know
Meet woman behind the voice of Apple's iPhone 'Siri', never paid for it due to...
Who is IPS Anurag Gupta, acting Jharkhand DGP removed by EC ahead of Assembly polls?
Meet Vijaya Kishore Rahatkar, the newly appointed chairperson of NCW
Watch: Rishabh Pant's monstrous 107m six against Tim Southee leaves New Zealand players stunned
Mukesh Ambani's driver earns Rs 2400000, he is fully trained for...
Why do air hostesses wear high heels?
Mukesh Ambani brings iconic London brand to Indian market, opens its first outlet in...
Delhi pollution: Tips to protect your lungs as AQI levels rise
Donald Trump receives support from THESE WWE legends, trio mock Kamala Harris, watch viral video
'Kaunsa chahiye, bol?': Rohit Sharma's witty response to fan's query on changing IPL team goes viral
Karwa Chauth 2024: Trending mehendi designs idea to elevate your festive look
Jharkhand elections 2024: Hemant Soren's JMM, Congress to contest 70 of 81 seats
Meet man who runs India's largest bank worth Rs 1283000 crore, not from IIT, IIM, his salary is...
IND vs NZ: Rishabh Pant goes past MS Dhoni, becomes fastest Indian wicketkeeper to....
Karva Chauth festival set to generate Rs 7000 crore more revenue than last year, it will be...
Karwa Chauth 2024: 5 fasting tips for women with diabetes
Elon Musk vs Jeff Bezos: Which billionaire will lead the space race?
This actor who lived in chawl for 33 years, would have owned half of Andheri if...
Lawrence Bishnoi gang member arrested for ‘plotting to kill’ Salman Khan
‘We faced a…’: Ratan Tata on his parents' divorce, grandmother's support and breakup
Baba Siddique killed ‘because of’ Salman Khan? Salim Khan breaks his silence
Drone from Lebanon targets Israeli PM Benjamin Netanyahu's home days after Hamas chief's killing