Axis Financial institution hikes rates of interest on mounted deposits of 1 to five years: View particulars


Non-public sector lender Axis Financial institution. has raised rates of interest on mounted deposits of lower than 2 crores. The financial institution made this announcement on 16 June 2022 and on account of the rate of interest revision, the financial institution elevated the rates of interest on mounted deposits of 1 to 5 years.

Axis Financial institution FD Charges

The financial institution will supply an rate of interest of two.50 % and three % on mounted deposits of seven days to 29 days and 30 days to three months. Axis Financial institution will proceed to supply rates of interest of three.50 per cent and 4.40 per cent on mounted deposits maturing in 3 months to six months and 6 months to 9 months. Deposits maturing in 9 months to lower than 1 yr will proceed to earn 4.75 per cent curiosity, however deposits maturing in 11 days from 1 yr to lower than 1 yr will appeal to 5.45 per cent curiosity, which is a rise of 20 foundation factors.

The financial institution elevated the rate of interest on mounted deposits maturing in 1 yr 11 days from 5.25 per cent to five.75 per cent, a rise of fifty foundation factors. Axis Financial institution will now supply an rate of interest of 5.60 per cent with a rise of 35 foundation factors on deposits maturing in lower than one yr, 25 days to fifteen months, from 5.25 per cent earlier. Deposits maturing from 15 months to lower than two years will now pay 5.60 per cent as an alternative of 5.30 per cent, a rise of 30 foundation factors.

Axis Financial institution has elevated the rate of interest on mounted deposits maturing in 2 years by 10 foundation factors from 5.60 per cent to five.70 per cent, whereas the rate of interest on deposits maturing in 5 years to 10 years has remained steady. 5.75 %.

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Axis Financial institution FD Charges (axisbank.com)

Axis Financial institution FD Charges for Senior Residents

Senior residents will get rates of interest starting from 2.50 % to six.50 % on mounted deposits of seven days to 10 years. Senior residents will get rates of interest starting from 6.10 per cent to six.35 per cent after the hike in rate of interest on deposits maturing in a couple of yr to greater than 5 years. Axis Financial institution is now providing a most rate of interest of 6.50 per cent on deposits of 5 to 10 years to older individuals.

Axis Bank FD Rates for Senior Citizens

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Axis Financial institution FD Charges for Senior Residents (axisbank.com)

In the meantime, HDFC Financial institution has additionally hiked rates of interest on mounted deposits in the present day. With impact from seventeenth June 2022, HDFC Financial institution is now providing rate of interest on deposits of lower than 2.75% – 5.75% to normal public and three.25% – 6.50% to senior residents. 2 crore

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