The country’s third largest public sector bank has increased the interest rates on FDs. Offering interest ranging from 3.5% to 7.20% on Fixed Deposits of 7 days to 10 days.
Bank FD : Fixed Deposit is considered the best option for savings. It also has a return guarantee. Customers can invest in FDs with zero-risk. Banks also provide interest on it, which gives higher returns than the deposited amount after maturity. The interest rates are also different for different banks. Recently the MPC meeting of RBI ended. There was no change in the repo rate, but Axis Bank has revised the interest rates. By increasing the interest rate, the bank has already given a gift to the customers before Independence Day.
Rates increased by 15 bps
Axis Bank has announced a 15bps increase in interest rates for deposits of less than 2 crores. The new rates have come into effect. The bank is currently offering 3.5% to 7.20% interest on fixed deposits of 7 days to 10 days to its customers. The interest rates for senior citizens range from 3.5 per cent to 7.95 per cent.
so much are the new rates
The highest interest is being received on FDs of less than 2 years to 30 months, the rates are 7.20% for common citizens and 7.95% for senior citizens. 3.50% interest is available on fixed deposits of 7-45 days and 4% interest on FDs of 46-60 days. 4.50% interest is available for 61 days to 3 months tenure, 4.75% for 3 months to 6 months tenure and 5.75% for 6 months to 9 months tenure. 6% on FDs of 9 months to less than 1 year, 6.75% on FDs of 1 year 4 days, 6.75% on FDs of one year 5 days to less than 13 months, 7.10% interest on FDs of 13 months to less than 2 years Will get the benefit of
