Axis Bank revises fixed deposit interest rates effective today

20 Sep 2022 , 02:40 PM

Axis Bank has revised interest rates on a certain maturity period of Domestic Fixed Deposits, Domestic Fixed Deposits Plus, NRI Fixed Deposits and NRI Fixed Deposits Plus effective from today i.e. September 20, 2022.

It has revised its interest rates for fixed deposits under Rs2 crore. The bank offers fixed deposit interest rates that vary from 2.75% to 5.75% for regular citizens while the rate for senior persons ranges from 2.75 to 6.50%.

According to the Axis Bank official website, the bank offers highest interest rate of 5.75% for maturities of 1 year, 11 days to 1 year, 25 days, and further 5 years to 10 years.

The bank offers 2.75% for tenures of 7 days to 29 days and 3.25% for tenures of 30 days to less than 3 months. The interest rate offered by the Bank is 4.65% for terms ranging 6 months to less than 9 months, and 3.75% for terms ranging 3 months to less than 6 months.

Furthermore, the rate is 4.75% for terms of nine months to less than a year. The rate for between one year and less than one year and 11 days is 5.45%. A rate of 5.60% for FDs with terms ranging from one year and twenty-five days and two years. On FDs with tenures of two years to less than five years, it gives a 5.70% rate.

At around 2:41 PM, Axis Bank Ltd is currently trading at Rs814.30 per share up by Rs15.45 or 1.93% from its previous closing of Rs798.85 per share on the BSE.

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