Axis Financial institution revises fastened deposit rates of interest with impact from 05/03/2022


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oi-vipul das

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Personal sector lender Axis Financial institution has revised rates of interest on fastened deposits of lower than Rs 2 crore. The brand new rates of interest have come into impact from at this time, March 5, 2022, and the financial institution will provide a most rate of interest of 5.75 per cent to most of the people and 6.50 per cent to senior residents on deposits maturing in 5 to 10 years. , These rates of interest are helpful for long-term traders as they aren’t solely excessive but additionally present tax financial savings below part 80C.

Axis Bank revises fixed deposit interest rates with effect from 05/03/2022

The financial institution is at present providing 5.10 % rate of interest on one yr deposits to basic public and 5.75 % to senior residents. Axis Financial institution is now providing an rate of interest of 5.40 per cent to common clients on deposits maturing in two years and 6.05 per cent to senior residents on deposits maturing in two years. Non-senior residents will now get 5.40 per cent on deposits maturing in three years, whereas senior residents will get 6.05 per cent. Non-senior residents will now get 5.75 per cent rate of interest on lengthy deposits maturing in 5 to 10 years, whereas senior residents will get 6.50 per cent rate of interest.

Senior residents will proceed to get a further price of 0.50% over and above the common charges on deposits maturing in 6 months to 10 years. Based on the official web site of the financial institution, the rates of interest on fastened deposits of lower than Rs 2 crore, beginning March 5, 2022, are as follows.

Axis Financial institution FD Charges 2022

Period Common Curiosity Charges (% p.a.) Senior Citizen Curiosity Charges (% p.a.)
7 days to 14 days 2.5 2.5
15 days to 29 days 2.5 2.5
30 days to 45 days 3 3
46 days to 60 days 3 3
61 days 3 3
3 months 3.5 3.5
4 months 3.5 3.5
5 months 3.5 3.5
6 months 4.4 4.65
7 months 4.4 4.65
8 months 4.4 4.65
9 months 4.4 4.65
Ten Months 4.4 4.65
11 months 4.4 4.65
11 months 25 days 4.4 4.65
1 yr 5.1 5.75
1 yr 5 days 5.15 5.8
1 yr 11 days 5.25 5.9
1 yr 25 days 5.15 5.8
13 months 5.15 5.8
14 months 5.15 5.8
15 months 5.2 5.85
16 months 5.2 5.85
17 months 5.2 5.85
18 months 5.25 5.9
2 years 5.4 6.05
30 months 5.4 6.05
3 years 5.4 6.05
5 years to 10 years 5.75 6.5
Supply: Financial institution’s web site. Efficient 05.03.2022

Story First revealed: Saturday, March 5, 2022, 11:05 [IST]



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