Fixed deposit alert! Axis Bank revises FD interest rates – new rates here

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New Delhi: Axis Bank has revised the interest rates the private lender offers on fixed deposits (FD) investments. The revision in the interest rates of fixed deposits, with a time period of 7 days to 10 years, has come into effect from March 18, 2021. The rates are effective on all fixed deposits less than 2 crores. Prior to this, Axis Bank had revised FD interest rates in May 2021. 

Axis Bank is offering the lowest interest rate of 2.50% on FDs maturing within seven to 29 days while the maximum interest rate of 5.75% is offered of FDs with a maturity period of five to 10 years. Also Read: Gold Price Today, 14 August 2021: Gold reaches at 5-month low, may cross Rs 50,000 mark

The interest rates for senior citizens, however, are different for the general public. Axis Bank offers interest rates ranging from 2.5% to 6.50% on fixed deposits made by senior citizens. These interest rates are applicable for FDs maturing in seven days to 10 years. Also Read: Missed Mahindra XUV700 launch? Catch up on all highlights here – Watch video

Here are the latest Axis Bank FD interest rates for the general public: 

Duration Interest rates on fixed deposit 

7-29 days 2.50% 

30 days- 3 months 3% 

3 months – 6 months 3.5% 

6 months – 11 months 25 days 4.40% 

11 months 25 days – 18 months 5.10%, 

18 months – 2 years 5.25% 

2 years – 30 months 5.50% 

3 years – 5 years 5.40% 

5 years – 10 years 5.75%

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