Axis Bank Revises FD Rates Effective From Today, Get Up To 7.10% On These Tenors

The private sector lender Axis Bank has revised its interest rates on fixed deposits of less than Rs 2 Cr effective from today. Following the revision the bank is offering interest rates ranging from 3.50% to 7.00% for the general public and 3.50% to 7.75% on fixed deposits maturing in 7 days to 10 years. On a deposit tenor of 13 months to 2 years, Axis Bank is now paying a maximum return of 7.10% to non-senior citizens and 7.85% for senior citizens. The latest FD rates of Axis Bank are effective as of 26th July 2023.

Axis Bank FD Rates

The bank is giving a 3.50% interest rate on fixed deposits that mature within the next 7 to 45 days, and Axis Bank is offering a 4% interest rate on deposits maturing in the next 46 to 60 days. On deposits with a tenor of 61 days to three months, Axis Bank is giving an interest rate of 4.50%, and on deposits with a tenor of three months to six months, 4.75%. Deposits that mature in 6 to 9 months will now pay interest at a rate of 5.75%, while those that mature in 9 to 12 months will now earn interest at a rate of 6%.

The bank is giving an interest rate of 6.75% on fixed deposits maturing in 1 year to 1 year 4 days, and Axis Bank is offering an interest rate of 6.80% on deposits maturing in 1 year 5 days to 13 months. On deposits with a tenor of 13 months to two years, Axis Bank is giving an interest rate of 7.10%, and on deposits with a tenor of two years to thirty months, 7.05%. The interest rate on deposits with maturities between 30 months and 10 years is now 7.00%.

With Axis Bank, one may open a fixed deposit online and deposit a minimum of Rs. 5,000 for a period of time ranging from 7 days to a maximum of 10 years. You may apply for a Fixed Deposit using Axis Bank's various methods, including its online platform, mobile app, or local branch. The minimum deposit needed to start an FD account at Axis Bank is Rs 5000 if done online or using a mobile app, and Rs 10,000 if done in person at a bank branch.

Axis Bank is going to declare its Q1FY24 results today. In comparison to the Bank Nifty benchmark index, which rose by 25% during the same time period, Axis Bank delivered a return of 37% over the last 1 year.