Axis Bank alters fixed deposits rates

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Axis Bank is the third-largest private sector bank which provides financial services for personal and corporate finance. Axis Bank has changed its fixed deposits rates and announced the latest interest rates of fixed deposits with effects from 13th November 2020

Axis Bank offers great fixed deposits across different periods varies from seven days to ten years. As per the latest alteration of rates of fixed deposits, Axis Bank is charging 2.50% of interest rate on fixed deposits with a maturity dates between seven days and twenty-nine days, interest rates of 3% on fixed deposits with maturity period between thirty days and less than three months, 3.5% interest rates for FD’s in between three months and less than six months.

Axis Bank gives 4.40% for Fixed Deposits with maturity date between six months to less than 11 months 25 days, for 11 months 25 days to less than 1 year 5 days interest rate is 5.15%, 1 year 5 days to less than 18 months 5.10%. For term deposits final payment due in 18 months to less than 2 years, Axis Bank offers 5.25% interest.

Axis Bank charges interest rates of 5.40% and 5.50% for long-term deposits which final payment is due in between 2 years to 5 years, and 5 years to 10 years respectively.

Axis Bank altered FD Interest rates are effective from 13 November 2020 are in detail, for maturing in 7 days to 14 days and 15 days to 29 days, Axis Bank gives 2.50%. Ranging from 30 days to 45 days, 46 days to 60 days and 61 days & less than three months offers 3% interest rates, 3.5% interest rates for FD’s in between three months and less than four months, four months, and less than five months, and 5 months, and less than six months respectively. Axis bank offers 4.40% for FD’s in between 6 months and less than 7 months, 7 months and less than 8 months, 8 months and less than 9 months, 9 months and less than 10 months, 10 months and less than 11 months and 11 months and less than 11 months and 25 days respectively.

For term deposits, 5.15% interest rates for 11 months and less than one year and one year and less than one year and 5 days. 5.10% interest rates for 1 year 5 days < 1 year 11 days, 1year 11 days < 1 year 25 days, 1 year 25 days < 13 months, 13 months < 14 months, 14 months < 15 months, 15 months < 16 months, 16 months < 17 months and 17 months < 18 months respectively. 5.25% for 18 months and less than 2 years. For long-term deposits, interest rates are 5.40% ranging between 2 years < 30 months, 30 months < 3 years, and 3 years < 5 years. Fixed deposits ranging from 5years to 10years is 5.50%.

Axis Bank gives a higher interest rate to senior citizens on selected maturities. Senior citizens will get an interest rate between 2.5% to 6.05% on deposits due in 7 days to 10 years.

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