The bank has reduced 10 bps on tenure of 16 months to less than 17 months on tenure from 7.30% to 7.10%.
After the revision, Axis Bank offers interest rates between 3.5% and 7.20% on tenures ranging from 7 days to 10 years.
Latest Axis Bank fixed deposit interest rates
The bank now offers fixed deposit interest rates of 3.50% for deposits maturing in 7 to 45 days and 4.00% for deposits maturing in 46 to 60 days. Axis Bank now offers interest rates of 4.50% and 4.75% on deposits with maturities ranging from 61 days to three months.
Deposits maturing in 6 to 9 months will earn 5.75% interest, while deposits maturing in 9 months to less than a year will earn 6.00% interest.
Fixed deposits maturing in one year to one year, four days earn 6.75%, while deposits maturing in one year, 5 days to less than 13 months earn 6.80%. The bank provides 7.10 percent on 13-month and less-than-two-year deposits. . Axis Bank offers 7.20% on tenure of 2 years to less than 30 months. Axis Bank offers 7.05% on tenure of 2 years to less than 30 months. Remaining tenure will earn a 7% interest rate.
Source: Bank website
Axis Bank senior citizen interest rate
After the revision, the bank will now offer an interest rate between 3.50% to 7.95% on tenures ranging from 7 days to 10 years. The highest interest rate of 7.95% is offered on tenure 2 years to less than 30 months.
Premature penalty on fixed deposits
According to the Axis Bank website, “You can flexibly withdraw the money from fixed deposits before maturity subject to a penalty of 1.0%. However, if you wish to withdraw the money only partially, then Axis Bank levies no penalty on first partial withdrawal of up to 25% of the principal amount.”