FD Interest: 7.1% interest is available in Axis Bank and many other banks, now avail more benefits
Axis Bank has changed the FD rates and has cut it by about 10 basis points. This bank has reduced the interest rate from 7.2 percent to 7.1 percent for FDs ranging from 2 years to less than 30 months. According to the bank’s website, these new FD rates have come into effect from 28 August. After this revision, now the interest rates offered by Axis Bank on FDs have increased from 3.5% to 7.10% for a period of 7 days to 10 years.
What are Axis Bank FD rates now?
- Axis Bank is offering an interest rate of 3.5 per cent for FDs of 7 to 45 days.
- If you make an FD of 46 to 60 days, then you will get 4 percent interest.
- On FDs of 61 days to three months, you are being given 4.5 percent interest on behalf of Axis Bank.
- If you get FD from 3 months to 6 months, then you will get 4.75 percent interest.
- 5.75 percent interest is being given on FGDs of 6 months to 9 months.
- 6 percent interest is being offered for a period of 9 months to less than a year.
- You are being given 6.75 percent interest on FDs ranging from 1 year to 1 year 4 days.
- 6.80 percent interest is being received on FDs ranging from 1 year 5 days to less than 13 months.
- The bank is paying 7.10 percent interest on FDs ranging from 13 months to less than 2 years.
- 7.10 percent interest is being received on FDs ranging from 2 years to less than 30 months.
- Apart from this, 7 percent interest is being offered for a period of 30 months to 10 years.
What are the rates for senior citizens?
After revision, Axis Bank is now giving 3.50 to 7.85 percent interest on FDs to senior citizens. These rates are for 7 days to 10 years. The maximum interest rate of 7.85 per cent is for tenure ranging from 13 months to less than 30 months.
