Axis Bank and Kotak Mahindra Bank have revised the interest rates on fixed deposits. Axis Bank will pay an interest of 2.50 percent on the maturity of the FD from 7 days to 29 days.
Private sector lenders Axis Bank and Kotak Mahindra Bank have revised interest rates on fixed deposits. Both the banks offer FDs in different tenors ranging from 7 days to 10 years. The special thing is that both the banks have kept interest rates of 2.5% on FDs of 7 days to 29 days. Let us also tell you how much interest both banks are paying for the FD till which time.
Axis Bank changes FD interest rates
After the latest revision on deposits below Rs 2 crore, Axis Bank offers an interest rate of 2.50 per cent on FDs with maturity between 7 days and 29 days, 3 per cent for FDs of less than 30 days to 3 months, 3 months and 6 months It is offering an interest rate of 3.5 per cent for FDs between less than Rs. These rates are effective from September 9. Axis Bank offers an interest rate of 4.40 per cent for FDs maturing in six months to less than 11 months and 25 days.
11 months 25 days to less than 1 year 5 days 5.10 per cent, 1 year 5 days to less than 18 months 5.10 per cent rates have been implemented. For fixed deposits maturing in 18 months to less than 2 years, Axis Bank offers 5.25 per cent interest. For deposits of 2 years but less than 5 years, Axis Bank offers an interest rate of 5.40 per cent. You will get an interest rate of 5.75 per cent on deposits maturing in 5 years to 10 years.
Axis Bank Latest FD Rates
7 Days to 14 Days 2.50%
15 Days to 29 Days 2.50%
30 Days to 45 Days 3%
46 Days to 60 Days 3%
61 Days < 3 Months 3%
3 Months < 4 Months 3.50%
4 Months < 5 months 3.50%
5 months < 6 months 3.50%
6 months < 7 months 4.40%
7 months < 8 months 4.40%
8 months < 9 months 4.40%
9 months < 10 months 4.40%
10 months < 11 months 4.40%
11 months < 11 months 25 days 4.40%
11 months 25 days < 1 year 4.40%
1 year < 1 year 5 days 5.10%
1 year 5 days < 1 year 11 days 5.15%
1 year 11 days < 1 year 25 days 5.10%
1 year 25 days < 13 months 5.10%
13 months < 14 months 5.10%
14 months < 15 months 5.10%
15 months < 16 months 5.10%
16 months < 17 months 5.10%
17 months < 18 months 5.10%
18 months < 2 years 5.25%
2 years < 30 months 5.40%
30 months < 3 years 5.40%
3 years < 5 years 5.40%
5 Year to 10 Year 5.75%
Kotak Mahindra Bank Latest FD Rates
Kotak Mahindra Bank has revised the interest rate on Fixed Deposit (FD). For FDs maturing in 7 to 30 days, 31 to 90 days and 91 to 179 days, Kotak Mahindra Bank is offering an interest rate of 2.5, 2.75 and 3 per cent respectively. For FDs maturing in 3 years and above but less than 4 years, the bank will give 5.10 per cent. For deposits maturing in 4 years and above but less than 5 years, Kotak Mahindra Bank offers an interest rate of 5.20 per cent. For FDs maturing in 5 years and above and 10 years inclusive, the bank gives 5.75 per cent. These rates are applicable from 8 September 2021.
Kotak Mahindra Bank Latest FD Rates
15 – 30 Days 2.50%
31 – 45 Days 2.75%
46 – 90 Days 2.75%
91 – 120 Days 3%
121 – 149 Days 3.25%
150 Days 4.25%
151 Days 269 Days 4.40%
270 Days 4.40 %
271 days to 363 days 4.40%
364 days 4.40%
365 days to 389 days 4.50%
390 days (12 months 25 days) 4.75%
391 days – less than 23 months 4.75%
23 months 4.9%
23 months 1 day – 2 years Less than 4.9%
2 years – less than 3 years 5%
3 years and above but less than 4 years 5.10%
4 years and above but less than 5 years 5.20 percent
5 years and above and 10 years including 5.75%
