Axis Bank revises fixed deposit rates. Now get more than a 7% interest rate on these tenures.

Axis Bank revises fixed deposit rates. Now get more than a 7% interest rate on these tenures.

As of July 26, 2023, Axis Bank has made revisions to its fixed deposit interest rates for amounts below ₹2 crore. The updated rates are now in effect, as mentioned on the Axis Bank website. Notably, the bank has reduced the interest rate on one tenure by 10 basis points (bps).
Currently, Axis Bank offers fixed deposit rates ranging from 3.50% to 7.10% per annum to the general public. These rates are applicable for deposits below ₹2 crore, with varying tenures.

It’s important for customers to check with Axis Bank directly or visit their official website for the most up-to-date information on fixed deposit interest rates and other terms and conditions. Banks may periodically review and adjust their interest rates based on prevailing market conditions and regulatory guidelines.

As of July 26, 2023, Axis Bank has made changes to its fixed deposit interest rates for deposits below ₹2 crore. The bank is now offering guaranteed interest rates on various tenures, providing customers with attractive options for short to medium-term investments.

For fixed deposits maturing in 7 days to 45 days, Axis Bank guarantees a competitive interest rate of 3.50% per annum. Similarly, for deposits with a slightly longer tenure of 46 days to 60 days, the bank offers a guaranteed interest rate of 4%.
For those looking to invest for a period of 61 days to three months, Axis Bank ensures an attractive interest rate of 4.50%. This makes it an appealing choice for customers seeking a short-term investment option with higher returns.

Moreover, customers who choose to invest for a tenor of three months to six months can take advantage of Axis Bank’s guaranteed interest rate of 4.75%. This rate provides a balance between short-term liquidity and better returns for the investment.

It’s important to note that these guaranteed interest rates are applicable to fixed deposits below ₹2 crore. Customers can select the tenure that best suits their financial goals and risk appetite. The interest rates are locked in at the time of deposit, providing certainty and predictability for investors.

As with any investment decision, customers should carefully evaluate their financial objectives, liquidity needs, and risk tolerance before making a fixed deposit. It is recommended to consider the current market conditions, prevailing interest rate trends, and any potential changes in the economic environment.

Customers can visit Axis Bank’s official website or get in touch with their nearest branch to explore the full range of fixed deposit options and get detailed information about interest rates, tenures, and other terms and conditions. By staying informed and making informed decisions, investors can make the most of their fixed deposit investments with Axis Bank.Axis Bank has revised its fixed deposit interest rates for deposits below ₹2 crore, offering competitive rates on various tenures. For deposits maturing in 6 to 9 months, customers can earn an interest rate of 5.75%, while those with a maturity period of 9 to 12 months will receive 6% interest.

The bank is now providing an attractive interest rate of 6.75% on fixed deposits maturing in 1 year to 1 year 4 days. For deposits maturing in 1 year 5 days to 13 months, the interest rate has been set at 6.80%. These rates make Axis Bank a compelling choice for customers looking to invest in the short to medium-term and earn competitive returns on their deposits.

Furthermore, customers can benefit from an interest rate of 7.10% on deposits held for 13 months to two years. However, there has been a slight reduction of 10 basis points to 7.10% for deposits with durations between 16 months and less than 17 months, down from the previous 7.20%.

For deposits held for two years to thirty months, Axis Bank offers an attractive interest rate of 7.05%. Similarly, for deposits maturing between 30 months and 10 years, the bank guarantees an interest rate of 7%. These rates present an appealing opportunity for customers seeking a longer-term investment with stable returns.
As with any investment decision, customers are advised to consider their financial objectives, risk tolerance, and liquidity needs before making a fixed deposit. It’s essential to keep abreast of the current market conditions, interest rate trends, and economic outlook while making investment choices.

Customers can access detailed information about Axis Bank’s fixed deposit options, interest rates, and terms and conditions by visiting the bank’s official website or contacting their nearest branch. By making well-informed decisions and aligning their investments with their financial goals, customers can optimize their fixed deposit returns with Axis Bank.Axis Bank provides attractive fixed deposit (FD) rates to senior citizens, offering them an opportunity to grow their savings with competitive interest rates.

Senior citizens can earn an interest rate ranging from 3.50% to 7.85% per annum on FDs with various tenures, starting from 7 days up to 10 years. These revised rates came into effect on 26th July 2023.

For short-term investments maturing in 7 to 45 days, senior citizens can avail themselves of an interest rate of 3.50% per annum. The rate increases to 4% per annum for FDs maturing in 46 days to 60 days, and further to 4.50% per annum for tenures ranging from 61 days to three months.

Investors seeking slightly longer durations can earn an interest rate of 4.75% per annum on FDs maturing in three months to six months. For investments maturing in 6 to 9 months, the interest rate offered is 5.75% per annum, while FDs with a maturity period of 9 to 12 months will earn 6% per annum.

Customers looking for a one-year investment can benefit from an attractive interest rate of 6.75% per annum on FDs maturing in 1 year to 1 year 4 days. For tenures between 1 year 5 days to 13 months, senior citizens can avail themselves of a higher interest rate of 6.80% per annum.
For those seeking longer-term investments, Axis Bank offers an interest rate of 7.10% per annum on FDs with maturities between 13 months and two years. Additionally, senior citizens can earn an interest rate of 7.05% per annum on FDs maturing in two years to thirty months.

The bank provides an attractive interest rate of 7% per annum on FDs with tenures ranging from 30 months to 10 years, making it an appealing choice for those planning for a more extended investment horizon.

With these competitive rates, Axis Bank aims to cater to the financial needs of senior citizens and provide them with an opportunity to earn stable returns on their investments. As always, individuals are encouraged to assess their financial objectives and risk appetite before making any investment decisions. By aligning their investments with their financial goals, senior citizens can maximize the benefits of fixed deposits with Axis Bank.