Axis Bank changes FD interest rates, know how much interest will be received

Axis Bank changes FD interest rates, know how much interest will be received

Axis Bank

Axis Bank has once again changed the interest rate of a fixed deposit (FD – fixed deposit). The bank has changed the FD interest rate for the second time in 15 days. The bank has decided to change the interest rates for loans of certain duration maturity. This change in interest rate will be applicable from October 4.

Axis Bank has once again changed the interest rate of a fixed deposit (FD – fixed deposit). The bank has changed the FD interest rate for the second time in 15 days. The bank has decided to change the interest rates for loans of certain duration maturity. This change in interest rate will be applicable from October 4. The bank had earlier changed its FD interest rates on 25 September as well.

Change interest rate for this FD
Axis Bank pays 3.5% interest on FD with its 7 to 14 days timing. At the same time, an FD with a time serial of 15 to 29 days gives an interest of four percent and FD with a time period of 30 to 45 days pays 5.20 percent. The bank pays interest at an FD rate of 5.65 percent for 46 days to three months. Axis Bank has now announced an interest of 5.75 percent on FDs ranging from three months to six months. At the same time, the bank has said to pay 6.25 percent interest on FDs maturing between 6 to 9 months. The bank has said to pay 6.35 percent interest on FDs with a time period ranging from 9 months to 11 months and 25 days. It is important to note that the bank has said to pay 6.70 percent interest on FD of more than 11 months and 25 days and less than one year.

Axis Bank interest rates on FD up to two crore rupees
Seven days to 14 days – 3.50 percent
15 days to 29 days – 4.00%
30 days to 45 days – 5.20 percent
46 days to 60 days – 5.65 percent
61 days to 3 months – 5.65 percent
3 months to 6 months – 5.75 percent
6 months to 9 months – 6.25 percent
9 months to 11 months 25 days – 6.35 percent
11 months to 25 days to one year – 6.70 percent
1 year to 1 year 25 days – 6.60 percent
1 year 25 days to 18 months – 6.70 percent
18 months to two years – 6.80 percent
Two years to three years – 7.00 percent
Three years to 10 years – 6.75 percent

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