Axis Bank revises fixed deposit (FD) rates. How they compare with SBI, ICICI Bank, HDFC Bank

Axis Bank revises fixed deposit (FD) rates. How they compare with SBI, ICICI Bank, HDFC Bank

Private sector lender Axis Bank has revised interest rates on fixed deposits (FDs) with effect from 24 July. Axis Bank offers FDs across different tenures, ranging from 7 days to 10 years. The bank offers higher rate to senior citizens on select maturities. After the latest revision, Axis Bank is offering an interest rate of 2.75% on FDs with maturity between 7 days and 14 days, 3% for FDs maturing between 15 days and 29 days, 3.50% for 30 days to 45 days, and 4 % for FDs between 46 days and less than 3 months. For deposits maturing in 3 months to less than 6 months, the bank offers 4.10% interest. For FDs maturing in 6 months to less than 9 months, the bank offers 4.50% interest. For deposits maturing in 9 months to less than 11 months 25 days, the bank will give 4.75%. If one is looking to invest in long term deposits, Axis Bank FD interest rates with tenure of 2 years to 10 years are a good choice with interest rates on deposits with a tenure of 10 years at 5.50%. Senior citizens get interest rate ranging from 2.75% to 6.15% on these deposits maturing in 7 days to 10 years.

Axis Bank latest FD interest rates (below 2 crore) for general public

7 days to 14 days 2.75%

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15 days to 29 days 3.00%

30 days to 45 days 3.50%

46 days to 60 days 4.00%

61 days < 3 months 4.00%

3 months < 4 months 4.10%

4 months < 5 months 4.10%

5 months < 6 months 4.10%

6 months < 7 months 4.50%

7 months < 8 months 4.50%

8 months < 9 months 4.50%

9 months < 10 months 4.75%

10 months < 11 months 4.75%

11 months < 11 months 25 days 4.75%

11 months 25 days < 1 year 5.45%

1 year < 1 year 5 days 5.45%

1 year 5 days < 1 year 11 days 5.40%

1 year 11 days < 1 year 25 days 5.40%

1 year 25 days < 13 months 5.40%

13 months < 14 months 5.40%

14 months < 15 months 5.40%

15 months < 16 months 5.40%

16 months < 17 months 5.40%

17 months < 18 months 5.40%

18 Months < 2 years 5.45%

2 years < 30 months 5.50%

30 months < 3 years 5.50%

3 years < 5 years 5.50%

5 years to 10 years 5.50%

ICICI Bank latest FD interest rates (below 2 crore) for general public

Starting from interest rate of 2.75% on FD deposits between 7 days to 14 days, ICICI Bank is currently offering 5.15% on deposits between 1 year to 389 days. Customers get 5.35% on FDs with maturity between 18 months days and 2 years 5.35% which rises to 5.50% on deposits of over three years. On term deposits maturing in 3 years to 10 years, ICICI Bank gives 5.50% interest. These rates are with effect from 14 July…Read more>>

Source:-livemint

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