Axis Bank Changes FD Rates Below 2 Cr, New Rates Effective From 20 September

Private sector lender Axis Bank has altered the interest rates on fixed deposits under Rs. 2 crores for domestic deposits. Starting on September 20, 2022, the new FD rates will be in effect.

Following revisions, the interest rates for fixed deposits with maturities ranging from seven days to ten years are between 2.75 and 5.75 per cent for general customers, and between 2.75 and 6.5 per cent for senior citizens.

Axis Bank FD rates for Domestic Deposits

The bank is offering fixed deposits with maturities between 7 and 29 days with an interest rate of 2.75 per cent. For maturities of 30 days to 3 months, it offers 3.25 per cent interest, whereas, for maturity periods of 3 months to 6 months, it offers 3.75 per cent interest for both regular deposits and senior citizens.

The bank offers 4.65 per cent for FD maturity periods of 6-9 months to regular customers and 4.90 per cent to senior citizens. For a maturity period of 9 months to 1 year, the bank offers 4.75 per cent to regular customers and 5 per cent to senior citizens. For a maturity period of 1 year to 1 year 11 days, the bank offers 5.45 per cent to regular customers and 6.20 per cent to senior citizens. Whereas, for the maturity period of 1 year 11 days to 1 year 25 days the bank offers 5.75 per cent to regular customers and 6.50 per cent to senior citizens.

The bank offers 6.35 per cent to senior citizens and 5.60 per cent to normal customers with maturities between 1 year and 2 years. It offers 6.45% for senior citizens and 5.70% for regular customers for maturities between two and five years. For a maturity period spanning from 5 to 10 years, it offers 6.50 per cent to elderly citizens and 5.75 per cent to regular consumers.

Interest Rates on Domestic Deposist Below 2 Cr

Period	Regular Customers (% p.a)	Senior Citizens (% p.a)
7 days to 14 days	2.75	2.75
15 days to 29 days	2.75	2.75
30 days to 45 days	3.25	3.25
46 days to 60 days	3.25	3.25
61 days	3.25	3.25
3 months	3.75	3.75
4 months	3.75	3.75
5 months	3.75	3.75
6 months	4.65	4.9
7 months	4.65	4.9
8 months	4.65	4.9
9 months	4.75	5
10 months	4.75	5
11 months	4.75	5
11 months 25 days	4.75	5
1 year	5.45	6.2
1 year 5 days	5.45	6.2
1 year 11 days	5.75	6.5
1 year 25 days	5.6	6.35
13 months	5.6	6.35
14 months	5.6	6.35
15 months	5.6	6.35
16 months	5.6	6.35
17 months	5.6	6.35
18 Months	5.6	6.35
2 years	5.7	6.45
30 months	5.7	6.45
3 years	5.7	6.45
5 years to 10 years	5.75	6.5

Source- Axisbank.com