A few days ago, the private bank had changed the interest rates on fixed deposits of less than Rs 2 crore.
Axis Bank Fixed Deposit Interest Rate: Axis Bank, the leading private sector bank, has increased its fixed deposit (FD) interest rates for account holders opening such accounts. This comes at a time when major banks are revising their fixed deposit rates following signs of economic recovery after the pandemic.
It is to be noted that the private bank had changed the interest rates on fixed deposits of less than Rs 2 crore a few days back. Axis Bank’s new FD rates, which came into effect from Thursday, are applicable on deposits above Rs 5 crore.
The new interest rates on fixed deposits above Rs 2 crore in Axis Bank with effect from March 24, 2022 are as follows:
– 7 days to 14 days: 3.05 percent for the general public; 3.05 percent for senior citizens.
– 15 days to 29 days: 3.05 percent for the general public; 3.05 percent for senior citizens.
– 30 days to 45 days: 3.2 percent for the general public; 3.2 percent for senior citizens.
– 46 days to 60 days: 3.2 percent for the general public; 3.2 percent for senior citizens.
– 61 days to less than 3 months: 3.35 percent for the general public; 3.35 percent for senior citizens.
– 3 months to less than 4 months: 4 percent for the general public; 4 percent for senior citizens.
– 4 months to less than 5 months: 4 percent for the general public; 4 percent for senior citizens.
– 5 months to less than 6 months: 4 percent for the general public; 4 percent for senior citizens.
– 6 months to less than 7 months: 4.25 percent for the general public; 4.5 percent for senior citizens.
– 7 months to less than 8 months: 4.25 percent for the general public; 4.5 percent for senior citizens.
– 8 months to less than 9 months: 4.25 percent for the general public; 4.5 percent for senior citizens.
