Axis Bank hikes FD interest rates for certain tenors: Check latest FD rates
Zee News
The Axis Bank Fixed Deposit interest rate boost will take effect from May 12, 2022, and will apply to deposits of less than Rs 2 crore
New Delhi: Axis Bank, a leading private sector lender, has increased the interest rates on fixed deposits (FDs) for certain account holders who open such accounts. The Axis Bank FD rate increase comes at a time when major banks are raising their fixed deposit interest rates in response to the Reserve Bank of India's repo rate hike.
The new rates are already in effect for Axis Bank FDs with maturities of more than nine months. The latest Axis Bank FD interest rate boost runs from 10 to 35 basis points, depending on the tenor, with elderly persons receiving an additional 0.50 percent.
The Axis Bank Fixed Deposit interest rate boost will take effect from May 12, 2022, and will apply to deposits of less than Rs 2 crore, according to a bank notification.
Check out the revised interest rates on fixed deposits:
7 days to 14 days: 2.50% for General Public; 2.50% for Senior Citizens
