Axis Bank has updated its fixed deposit (FD) interest rates. After the revision, general customers will receive interest rates between 3 percent and 7.20 percent, while senior citizens will benefit from rates ranging from 3.50 percent to 7.85 percent.
The bank offers FDs with terms from 7 days to 10 years. The new interest rates take effect on August 1, 2024.
Interest Rates for Fixed Deposits Under Rs 3 Crore
7 days to 14 days: 3.00% for general public; 3.50% for senior citizens
15 days to 29 days: 3.00% for general public; 3.50% for senior citizens
30 days to 45 days: 3.50 percent for general public; 4 percent for senior citizens
46 days to 60 days: 4.25 per cent for general public; 4.75 per cent for senior citizens
61 days to less than 3 months: 4.50 per cent for general public; 5 per cent for senior citizens
3 months to less than 4 months: 4.75 per cent for general public; 5.25 per cent for senior citizens
4 months to less than 5 months: 4.75 per cent for general public; 5.25 per cent for senior citizens
5 months to less than 6 months: 4.75 per cent for general public; 5.25 per cent for senior citizens
6 months to less than 7 months: 5.75 per cent for general public; 6.25 per cent for senior citizens
7 months to less than 8 months: 5.75 per cent for general public; 6.25 per cent for senior citizens
8 months to less than 9 months: 5.75 per cent for general public; 6.25 per cent for senior citizens
9 months to less than 10 months: 6.00 per cent for general public; 6.50 per cent for senior citizens
10 months to less than 11 months: 6.00 per cent for general public; 6.50 per cent for senior citizens
11 months to less than 11 months 25 days: 6.00 per cent for general public; 6.50 per cent for senior citizens
11 months 25 days to less than 1 year: 6.00% for general public; 6.50% for senior citizens
1 year to less than 1 year 4 days: 6.70 per cent for general public; 7.20 per cent for senior citizens
1 year 5 days to less than 1 year 11 days: 6.70 per cent for general public; 7.20 per cent for senior citizens
1 year 11 days to less than 1 year 24 days: 6.70 per cent for general public; 7.20 per cent for senior citizens
1 year 25 days to less than 13 months: 6.70 per cent for general public; 7.20 per cent for senior citizens
13 months to less than 14 months: 6.70 per cent for general public; 7.20 per cent for senior citizens
14 months to less than 15 months: 6.70 per cent for general public; 7.20 per cent for senior citizens
15 months to less than 16 months: 7.10 per cent for general public; 7.60 per cent for senior citizens
16 months to less than 17 months: 7.10 per cent for general public; 7.60 per cent for senior citizens
17 months to less than 18 months: 7.20 per cent for general public; 7.85 per cent for senior citizens
18 months to less than 2 years: 7.10 per cent for general public; 7.70 per cent for senior citizens
Less than 2 years to 30 months: 7.10 per cent for general public; 7.60 per cent for senior citizens
30 months to less than 3 years: 7.10 per cent for general public; 7.60 per cent for senior citizens
3 years to less than 5 years: 7.10 percent for general public; 7.60 percent for senior citizens
5 years to 10 years: 7.00 per cent for general public; 7.75 per cent for senior citizens.
