Axis bank hikes FD rates; Here's the detail revised interest rates
Axis bank will pay 4.00% interest on deposits maturing in the next 46 to 60 days. Deposit rates for terms of 61 days to three months and three months to six months have been raised to 4.50% and 4.75%, respectively.
A visitor watches an Axis Bank's advertisement at its corporate headquarters in Mumbai. (REUTERS)
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What are the revised Fixed Deposit (FD) rates by Axis bank?
1. Axis Bank's FD rates for the maturity period of next 7 to 45 days is raised to 3.50%.
2. The private sector lender will pay 4.00% interest on deposits maturing in the next 46 to 60 days. Deposit rates for terms of 61 days to three months and three months to six months have been raised to 4.50% and 4.75%, respectively.
4. The bank now has fixed deposits with maturities between a year and a year and a half and a year at 6.75% and between a year and a half and thirteen months at 7.10%.Deposits maturing in the next 13 months to 2 years will now earn 6.75%, while those maturing in the next 2 to 30 years will earn 7.26%.
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4. The bank now has fixed deposits with maturities between a year and a year and a half and a year at 6.75% and between a year and a half and thirteen months at 7.10%.Deposits maturing in the next 13 months to 2 years will now earn 6.75%, while those maturing in the next 2 to 30 years will earn 7.26%.
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5. Axis bank is now gives 7.00% interest rate on deposits with terms ranging from 30 months to 10 years. Senior citizens will receive an additional interest rate on fixed deposits maturing in 6 months to 10 years, in addition to the regular rates.
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