Axis Bank hikes FD interest rate; Earn up to 6% on this tenure
axis Bank has increased Fixed deposit (FD) interest rates for certain tenures (for amounts less than Rs 2 crore), with effect from August 11, 2022. fixed deposit interest rate 45 basis points from 5.60 per cent to 6.05 per cent for FD tenure of 17 months to 18 months. According to the Axis Bank website, there has been no change in the interest rates for other FD tenors.
On deposits maturing in one year from eleven days to less than twenty-five days in one year, the bank will continue its interest rate of 5.75 per cent. Axis Bank offers 5.60 per cent for a period of one year twenty five days to two years excluding periods ranging from seventeen months to less than eighteen months. Deposits maturing in two years to less than five years will continue to earn 5.70 per cent. Deposits maturing between five years to ten years will attract interest at the rate of 5.75 per cent.
Axis Bank senior citizen customers for tenures ranging from seventeen months to less than eighteen months will earn the highest interest rate of 6.80 per cent.
