Axis Bank FD Rates
On deposits that mature in the next seven to 45 days, the bank offers a 3.50% interest rate, while Axis Bank offers a 4.00% interest rate on deposits that mature in the next 46 to sixty days. Axis Bank offers an interest rate of 4.50% for FDs that mature in 61 days to 6 months; for FDs that mature in 6 months to 9 months, the interest rate is 5.75%. Deposits maturing in the next nine months to a year will now earn interest at a rate of 6.00%, and those maturing in the next year to a two-year period will now earn interest at a rate of 6.75%. Axis Bank offers a 7% interest rate on FDs with maturities of two to 10 years.
Axis Bank FD Rates For Senior Citizens
On deposits due in 7 days to 10 years, senior citizen residents will now get interest rates varying from 3.50% to 7.75%. Deposits maturing in 2 to 10 years will now earn elderly folks a maximum interest rate of 7.75%.
With Axis Bank, one may open a fixed deposit online and deposit at least Rs. 5,000 for a flexible term ranging from 7 days to a maximum of 10 years. You have the choice of receiving your FD interest payments monthly, quarterly, or at maturity. Axis Bank also offers you the option of an automatic roll-out facility, which deposits your fixed deposit interest rates to a specified savings account. Axis Bank has mentioned on its website that “FDs can be prematurely withdrawn apart from "Fixed Deposit Plus". Interest rate shall be 1% below the card rate prevailing as on the date of deposit, as applicable for the period the deposit has remained with the bank or 1% below the contracted rate, whichever is lower."
