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Vipul Das

Axis Bank revises bulk FD rates, new interest rates are effective from today

Axis Bank has also revised interest rates on non-callable deposits, where premature withdrawals are not allowed. (iStock)

Axis Bank Bulk FD Rates

On deposits of 5 Cr to less than 10 Cr maturing in 7 days to 14 days, the bank is offering an interest rate of 4.65% and on those maturing in 15 days to 45 days, Axis Bank is promising an interest rate of 5.00%. Deposits maturing in 46 days to 6 months will fetch an interest rate of 6.00% while those maturing in 6 months to 9 months will fetch an interest rate of 6.35%. Axis Bank is offering an interest rate of 6.40% on FDs maturing in 9 months to 1 year and an interest rate of 7.00% on those maturing in 1 year to 13 months. On FDs maturing in 13 months to 3 years, Axis Bank is now offering an interest rate of 6.80% and on those maturing in 3 years to 10 years will now fetch an interest rate of 6.30%.

Axis Bank Bulk FD Rates (axisbank.com)

Axis Bank Non Callable FD Rates

Axis Bank has also revised interest rates on non-callable deposits, where premature withdrawals are not allowed. On deposits of 2 Cr to less than 5 Cr, the bank is offering an interest rate of 5.00% on accounts maturing in 30 days to 45 days and 6.00% on those maturing in 46 days to 3 months. Deposits maturing in 3 months to 6 months will fetch an interest rate of 6.30% and those maturing in 6 months to 9 months will now fetch an interest rate of 6.55%. Axis Bank is offering an interest rate of 6.80% on FDs maturing in 9 months to 1 year and an interest rate of 7.20% on those maturing in 1 year to less than 1 year 5 days. On FDs maturing in 1 year 5 days to 3 years, the bank is offering an interest rate of 7% and on those maturing in 3 years to 10 years, the bank is promising an interest rate of 6.80%.

Axis Bank Non Callable FD Rates (axisbank.com)
ABOUT THE AUTHOR

Vipul Das

Vipul Das is a Digital Business Content Producer at Livemint. He previously worked for Goodreturns.in (OneIndia News) and has over 5 years of expertise in the finance and business sector. Stocks, mutual funds, personal finance, tax, and banking are among his specialties, and he is a professional in industry research and business reporting. He received his bachelor's degree from Dr. CV Raman University and also have completed Diploma in Journalism and Mass Communication (DJMC).
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