Axis Bank has changed how much they pay you if you put money in a Fixed Deposit (FD). You can keep your money in the FD for anywhere between 7 days to 10 years.
For regular customers, they will give you between 3% to 7.20% interest.
If you are a senior citizen, you’ll get between 3.50% to 7.85% interest. These new rates started on April 4, 2024.
Here’s a list of the interest rates if you put less than Rs 2 crore in the FD
1) If you keep it for 7 to 14 days, you get 3% if you’re a regular customer and 3.50% if you’re a senior citizen.
2) If you keep it for 15 to 29 days, you get 3% for regular customers and 3.50% for senior citizens.
3) And so on, with different rates for different time periods, up to 10 years.
They also say the price of gold and silver is very high right now, with gold being more than Rs 72000 in some places.”
