Axis Bank Hikes Interest Rates On Fixed Deposit, New Rates Effective From Today: Check Latest Rates Here

Axis Bank, a leading private sector lender in the latest development post-Reserve Bank of India (RBI) repo rate hike has also hiked its FD rates. Axis Bank has hiked its FD interest rate on deposits under Rs. 2 crores, following the RBI's repo rate hike. Over the course of a month, the RBI raised its repo rates by 0.40 basis points and 0.50 basis points. The new hiked FD rates will be effective from June 16. Furthermore, senior citizens continue to be eligible for an additional interest rate increase.

The hike in Axis Bank's fixed deposit rate comes at a time when other major private and public sector banks are raising their fixed deposit interest rates.

Here are the latest interest rates on FD below Rs 2 crore effective from June 16, 2022:

Period	Regular Deposit (%p.a)	Senior Citizen Deposit (%p.a)
7 days to 14 days	2.50%	2.50%
15 days to 29 days	2.50%	2.50%
30 days to 45 days	3.00%	3.00%
46 days to 60 days	3.00%	3.00%
61 days	3.00%	3.00%
3 months	3.50%	3.50%
4 months	3.50%	3.50%
5 months	3.50%	3.50%
6 months	4.40%	4.65%
7 months	4.40%	4.65%
8 months	4.40%	4.65%
9 months	4.75%	5.00%
10 months	4.75%	5.00%
11 months	4.75%	5.00%
11 months 25 days	4.75%	5.00%
1 year	5.45%	6.10%
1 year 5 days	5.45%	6.10%
1 year 11 days	5.75%	6.40%
1 year 25 days	5.60%	6.25%
13 months	5.60%	6.25%
14 months	5.60%	6.25%
15 months	5.60%	6.25%
16 months	5.60%	6.25%
17 months	5.60%	6.25%
18 Months	5.60%	6.25%
2 years	5.70%	6.35%
30 months	5.70%	6.35%
3 years	5.70%	6.35%
5 years to 10 years	5.75%	6.50%

Source- Axisbank.com