Axis Bank: While RBI was hiking rates since May last year, banks also raised their interest rates on both deposits and loans. Many banks, including HDFC Bank, Axis Bank and SBI, increase their interest rate offers manifold to woo customers. However, with the RBI maintaining status quo on the repo rate earlier this month, Axis Bank has now reduced its FD interest rate on certain tenures, mainly on the highest interest offering.
Now, Axis Bank is offering FD interest rates ranging between 3.5 percent to 7.20 percent for tenures ranging from 7 days to 10 years.
Rates changed from April 21, 2023
- 7 days to 14 days: 3.50 per cent for general public; 3.50 percent for senior citizens
- 15 days to 29 days: 3.50 per cent for general public; 3.50 percent for senior citizens
- 30 days to 45 days: 3.50 per cent for general public; 3.50 percent for senior citizens
- 46 days to 60 days: 4.00 per cent for general public; 4.00 percent for senior citizens
- 61 days to less than 3 months: 4.50 per cent for general public; 4.50 percent for senior citizens
- 3 months to less than 4 months: 4.75 per cent for general public; 4.75 percent for senior citizens
- 4 months to less than 5 months: 4.75 per cent for general public; 4.75 percent for senior citizens
- 5 months to less than 6 months: 4.75 per cent for general public; 4.75 percent for senior citizens
- 6 months to less than 7 months: 5.75 per cent for general public; 6.00 percent for senior citizens
- 7 months to less than 8 months: 5.75 per cent for general public; 6.00 percent for senior citizens
- 8 months to less than 9 months: 5.75 per cent for general public; 6.00 percent for senior citizens
- 9 months to less than 10 months: 6.00 per cent for general public; 6.25 percent for senior citizens
- 11 months 25 days to less than 1 year: 6.00 per cent for general public; 6.25 percent for senior citizens
- 1 year to less than 1 year 4 days: 6.80 per cent for general public; 7.55 percent for senior citizens
- 1 year 25 days to less than 13 months: 7.10 per cent for general public; 7.85 percent for senior citizens
- 18 months to less than 2 years: 7.15 per cent for general public; 7.90 percent for senior citizens
- 2 years to less than 30 months: 7.20 per cent for general public; 7.95 percent for senior citizens
- 30 months to less than 3 years: 7.00 per cent for general public; 7.75 percent for senior citizens
- 3 years to less than 5 years: 7.00 per cent for general public; 7.75 percent for senior citizens
- 5 years to 10 years: 7.00 per cent for general public; 7.75 percent for senior citizens
