Axis Bank, one of the leading private sector banks in the country, has announced a revision in the interest rates on fixed deposits worth less than 2 crores. The bank has stated on its official website that these revised interest rates have been effective from May 15, 2024. The interest rates on various tenures have been increased, and some amendments have been made.
The bank has increased the interest rate on fixed deposits with a tenure of 17 months to 18 months by 10 basis points. As a result, a maximum of 7.20% interest is being offered to general customers on this tenure, while 7.85 % interest is being given to senior citizens. Additionally, interest rates ranging from 3.00 % to 7.20 % are provided to general customers on deposits with tenures ranging from 7 days to 10 years. Senior citizens above 60 years of age are offered an additional 50 basis points.
Here are the latest interest rates offered by Axis Bank:
- 3.00 % interest rate on deposits with a tenure of 7 days to 29 days.
- 3.50 % interest rate on deposits with a tenure of 30 days to 45 days.
- 4.25 % interest rate on deposits with a tenure of 46 days to 60 days.
- 4.50 % interest rate on deposits with a tenure of 61 days to 3 months.
- 4.75 % interest rate on deposits with a tenure of 3 months to 6 months.
- 5.75 % interest rate on deposits with a tenure of 6 months to 9 months.
- 6.00 % interest rate on deposits with a tenure of 9 months to one year.
- 6.70 % interest rate on deposits with a tenure of one year to 15 months.
- 7.10 % interest rate on deposits with a tenure of 15 months to 17 months.
- 7.20 % interest rate on deposits with a tenure of 17 months to 18 months.
- 7.10 % interest rate on deposits with a tenure of 18 months to 5 years.
- 7.00 % interest rate on deposits with a tenure of 5 years to 10 years.
Advised to visit Axis Bank’s official website to get additional information on revised fixed deposit interest rates in 2024 at https://www.axisbank.com/interest-rate-on-deposits.
